Dubai isn't the only part of the world that is managing debt payments, despite the recent coverage about debt restructuring at Dubai World. Here's the top 10 countries by external debt - the total public and private debt owed to non-residents, repayable in foreign currency, goods, or services. These figures are calculated on an exchange rate basis. All information is from the CIA World Fact book and is current up to December 31, 2008. The list might just surprise you...
10. Luxembourg External debt: $2,020,000,000, 000 ($2 trillion) 9. Japan External debt: $2,231,000,000, 000 ($2.2 trillion) 8. Spain External debt: $2,317,000,000, 000 ($2.3 trillion) 7. Italy External debt: $2,328,000,000, 000 ($2.3 trillion) 6. Ireland External debt: $ 2,356,000,000, 000 ($2.4 trillion) 5. Netherlands External debt: $2,461,000,000, 000 ($2.5 trillion) 4. France External debt: $4,935,000,000, 000 ($4.94 trillion) 3. Germany External debt: $5,158,000,000, 000 ($5.2 trillion) 2. United Kingdom External debt: $ 9,041,000,000, 000 ($9 trillion) And at #1? * The United States, with an external debt of $13,750,000, 000,000 ($13.75 trillion) * So where does the *UAE* come on the list? *33rd *, with an external debt of $134,700,000, 000 (134.7 billion) - or in short, the UAE's external debt as a whole (which includes that of Dubai World) would need to be 15 times larger to make it into the top 10. -- Dubai Properties Google Group is managed by: Farzad Mohammad / Senior Investment Adviser, Mob:0098 912 213 3890_moderator....@gmail.com You received this message because you are subscribed to the Google Groups "Dubai-properties" group. To post to this group, send email to Dubai-propertie@googlegroups.com To unsubscribe from this group, send email to dubai-propertie-unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/Dubai-propertie?hl=en
