Spain is the second country with the largest foreign debt, which exceeded 1.4 billion in 2013, exceeded only by the first global economy, the United States , as reported by the International Monetary Fund (IMF).
In the case of the United States represents only 34% of its GDP
This represents 103.1% of gross domestic product (GDP) Spanish well above the 69.7% of GDP in 2006 representing.
The United States leads the overall standings with $ 5.7 trillion of debt even if only represents 34% of GDP.
After Spain, next in the list of debtors to the outside Brazil, Italy, Austria, France, India, Mexico, Turkey and Poland.
The data were published Tuesday in the report on debt and global deficit IMF, which precedes its report flag, “Perspectives Global Economics”, to be presented next week in Washington and in which update their forecasts in the framework of the annual meeting of the organization led by Christine Lagarde.
But, The Fund provides a positive note to the situation of the Spanish current account balance , whose ranking has gone from having a large negative balance into surplus.
has gone from having a large negative balance into surplus
If the hole in 2006 amounted to 111,000 million, in 2013 became surplus to close at 9.050 million.
In contrast, the largest creditors in the world in 2013 were Japan and China with a positive net foreign assets of 3.06 and 1.69 billion dollars each.
In general, the Fund noted that global imbalances in terms of trade and capital flows have been reduced in recent years, but warned that there were “largely “as a result of low demand for deficit countries after the financial crisis.
No comments:
Post a Comment