The rich countries are overwhelmingly the most indebted are thus revealed by various studies of public debt ratio in relation to its gross domestic product.
countries “developing” are constantly accused of not arise from mismanagement of its economy but today are far from the most indebted countries in the world.
The external debt is no longer an own economic phenomenon of poor countries. The economic crisis of 2007 caused by the neoliberal system led to the application of cutting policies, which worsened the economic situation in developed countries such as Spain, Portugal or Greece.
The indebted in Europe
Greece is one of the most indebted of the European Union (EU) countries, with a public debt of 171 percent of its gross domestic product (GDP), according to data released last year by the German portal “Der Spiegel”.
Despite comply with measures such as wage and pension cuts continues mired in recession. The country shrank 1.9 percent between October and December 2015, according to EU statistics agency, Eurostat.
In the last eight years, unemployment in Greece has soared to 26.5 percent, with the highest figure across the European Union. Youth unemployment increases to 50 percent.
The debate revives again whether Greece should remain or not the euro. Economists suggest that the most favorable option for the country would be precisely its output. Follow within only expect the recession and austerity.
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Portugal is another country in the euro zone borrowing 128, 7 percent. It became the third country had to agree to pressure from the Troika with a plan to “rescue” of 78 billion euros (about 85 billion dollars) to avoid bankruptcy.
The government estimates for 2016 stagnation in borrowing costs or a new economic crisis.
Spain has a debt of 101.1 percent of GDP. Although in the first quarter unemployment has declined, the debt is above its economic growth making it a slower pace than payment commitments.
The country also had to adjust to the policy of cuts, but the International Monetary Fund (IMF) announced this week that the country needs more economic reforms by its increased debt and low productivity, said IMF spokesman Gerry Rice.
France for its part, has a debt of 97.7 percent of GDP. In January this year announced a national emergency plan against unemployment as the national unemployment around 10 percent.
However, in 2015, France invested millions of dollars in sending artillery and troops to Syria and Iraq on the grounds of fighting Islamic positions Stadium (EI) after the attacks in Paris.
Another of the most indebted European countries are Ireland 111.7 percent, who in 2010 received a bailout from the Troika (International European Union, European Central Bank and Monetary Fund ), Belgium 101.7 and UK 93.1 percent of GDP.
Many analysts have criticized the cuts in Europe, believing that it has not brought recovery but more misery and social unrest.
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The indebted America
United States has a public debt of 105.1 percent, being the second most indebted in the world behind Japan, whose debt is 245.5 percent of GDP.
Since 2000, the public debt of the country has increased by more than twice. Still, it has the largest military spending in the world with 41 percent, more than 526 billion dollars, which is five times the spending on health and education of which about 80 thousand 100 million dollars are counted and 71,000 200 million respectively.
The debt seriously affects the American people. In an editorial in the Independent Voters Network, James Butler wrote that “the debt has gone from being a luxury for the few to a convenience for many and then an addition to the majority and now a disease all. “
on the other hand, in recent days it was revealed that due to Saudi Arabia a total of 116 thousand 800 million dollars.
Other developed countries that recorded higher debt it is Canada with 86.8 percent.
The lower public debt is in the BRICS and Latin America
While developed countries increase their debt, the bloc of emerging economies, the so-called BRICS (India, Brazil, Russia , China and South Africa) recorded a lower public debt to 50 percent.
From the block which had the lowest debt in January last year was Russia with 16.5 percent, followed by China 41.8 percent, South Africa 50.8 percent, India 59 , 5 percent and 65.6 percent Brazil.
Latin America was the region that had the lowest increase in public debt
The progressive governments in Latin America boosted models left aside the usual impositions by the US, the World Bank and the IMF.
The economic sovereignty of these states allowed the momentum in the field of health, education, management of the economy and infrastructure.
Bolivia recorded a debt of 13.4 percent compared to its GDP in 2015, while Ecuador reported a debt of 22.4 percent of GDP in 2015.
The rate average debt of Latin America stands at 29 percent in relation to GDP, and 38 percent for the Caribbean.
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