114
Gov’t Debt Drops
Business And Markets

Gov’t Debt Drops

The government's debt to GDP ratio was the sixth lowest in the world in 2013, according to the most recent report by the World Economic Forum. Iran has now edged up 3 places compared to the previous year's debt table. 
The Global Competitiveness Report 2014-2015, issued by WEF, assessed the competitiveness landscape of 144 countries. The report shows that at the end of 2013, the ratio of government debts as a percentage of GDP for Iran was 10.6, which shows 0.1 percent decrease from the previous year.
Among the countries with the lowest debt-to-GDP ratio, Libya stands first with no government debt, followed by Saudi Arabia and Kuwait with 2.7 and 5.3 percent, respectively. 
Amman (7), Algeria (9.2), Iran (10.6), Estonia (11.3), Chile (12.2), and United Arab Emirates (12.3) stand in the fourth to ninth positions, followed by Russia which takes the 10th place, with a higher government debt level of 13.4 percent. 
On the flip side, Japan with 243.2 percent debt to GDP ranked 143rd and was known as the country with the highest government debt. Among other largest debtor nations of the world, the United States stands in the 134th position with a 104.5 percentage of government debt to GDP. 
Other countries with high debt/GDP ratios include Greece, Lebanon, Jamaica, Italy, Portugal, and Ireland, many of which have contributed to the recent eurozone crisis.        
 

Short URL : http://goo.gl/IiIJrP

You can also read ...

Valiollah Seif
Governor of the Central Bank of Iran said on Wednesday anti-...
Nat’l Virtual Currency in the Offing
Months after the idea was first publicized, it seems that Iran...
Presale Crosses  96,000 Gold Coins
The presale of Bahar Azadi gold coins priced at 14 million...
Bank Loans Top $100b in 10 Months
Banks and credit institutions doled out more than 4.62...
‘Iran Sea Expo 2018’ Scheduled
The Fifth International Maritime Exhibition of the Islamic...
Over 22.27 billion shares valued at $1.37 billion were traded at TSE over the month ending Feb. 19.
Stocks had a rollercoaster ride in the Iranian month that...
Domestic Toy Industry Taking Baby Steps to Play Bigger Role
Iran’s toy market is dominated by imports, both legal and...
Int’l Exhibition Industry Expo Underway
The First International Exhibition Industry Conference and...

Trending

Googleplus