Posted on 02/26/2008 7:14:05 AM PST by FreeInWV
Rank Order - Current account balance
Countries for which no information is available are not included in this list.
Rank Country Current account balance Date of Information
1 China $ 363,300,000,000 2007 est.
2 Japan $ 201,300,000,000 2007 est.
3 Germany $ 185,100,000,000 2007 est.
4 Saudi Arabia $ 88,890,000,000 2007 est.
5 Russia $ 74,000,000,000 2007 est.
6 Switzerland $ 67,890,000,000 2007 est.
7 Netherlands $ 59,280,000,000 2007 est.
8 Norway $ 55,820,000,000 2007 est.
9 Kuwait $ 51,490,000,000 2007 est.
10 Singapore $ 41,390,000,000 2007 est.
11 United Arab Emirates $ 36,110,000,000 2007 est.
12 Algeria $ 31,500,000,000 2007 est.
13 Sweden $ 30,190,000,000 2007 est.
14 Canada $ 28,460,000,000 2007 est.
15 Malaysia $ 25,930,000,000 2007 est.
16 Taiwan $ 23,800,000,000 2007 est.
17 Hong Kong $ 19,870,000,000 2007 est.
18 Iran $ 19,000,000,000 2007 est.
19 Finland $ 17,120,000,000 2007 est.
20 Venezuela $ 17,020,000,000 2007 est.
21 Nigeria $ 14,610,000,000 2007 est.
22 Angola $ 13,640,000,000 2007 est.
23 Austria $ 12,610,000,000 2007 est.
24 Libya $ 11,710,000,000 2007 est.
25 Luxembourg $ 11,300,000,000 2007 est.
26 Belgium $ 11,040,000,000 2007 est.
27 Indonesia $ 10,210,000,000 2007 est.
28 Brazil $ 10,200,000,000 2007 est.
29 Philippines $ 9,040,000,000 2007 est.
30 Thailand $ 8,619,000,000 2007 est.
31 Chile $ 8,184,000,000 2007 est.
32 Iraq $ 7,802,000,000 2007 est.
33 Qatar $ 7,733,000,000 2007 est.
34 Azerbaijan $ 7,535,000,000 2007 est.
35 Argentina $ 7,438,000,000 2007 est.
36 Israel $ 5,941,000,000 2007 est.
37 Denmark $ 4,699,000,000 2007 est.
38 Trinidad and Tobago $ 4,288,000,000 2007 est.
39 Oman $ 3,785,000,000 2007 est.
40 Korea, South $ 3,700,000,000 2007 est.
41 Egypt $ 3,115,000,000 2007 est.
42 Uzbekistan $ 3,045,000,000 2007 est.
43 Botswana $ 2,231,000,000 2007 est.
44 Peru $ 2,045,000,000 2007 est.
45 Bahrain $ 2,009,000,000 2007 est.
46 Burma $ 1,676,000,000 2007 est.
47 Gabon $ 1,626,000,000 2007 est.
48 Bolivia $ 1,325,000,000 2007 est.
49 Congo, Republic of the $ 1,094,000,000 2007 est.
50 Namibia $ 1,065,000,000 2007 est.
51 Cote d'Ivoire $ 1,056,000,000 2007 est.
52 Turkmenistan $ 689,300,000 2007 est.
53 Bangladesh $ 683,000,000 2007 est.
54 Morocco $ 433,900,000 2007 est.
55 Papua New Guinea $ 314,000,000 2007 est.
56 Equatorial Guinea $ 250,000,000 2007 est.
57 Yemen $ 178,000,000 2007 est.
58 Zambia $ 150,000,000 2007 est.
59 British Virgin Islands $ 134,300,000 1999
60 Cook Islands $ 26,670,000 2005
61 Palau $ 15,090,000 FY03/04
62 Macedonia $ 5,000,000 2007 est.
63 Tuvalu $ 2,323,000 1998
64 Samoa $ -2,428,000 FY03/04
65 Tonga $ -4,321,000 FY04/05
66 Comoros $ -17,000,000 2005 est.
67 Kiribati $ -19,870,000 2004
68 Swaziland $ -26,710,000 2007 est.
69 Lesotho $ -28,000,000 2007 est.
70 Vanuatu $ -28,350,000 2003
71 Gambia, The $ -31,690,000 2007 est.
72 Micronesia, Federated States of $ -34,300,000 FY05 est.
73 Anguilla $ -42,870,000 2003 est.
74 Belize $ -54,000,000 2007 est.
75 Sao Tome and Principe $ -58,000,000 2007 est.
76 Paraguay $ -82,000,000 2007 est.
77 Antigua and Barbuda $ -83,400,000 2004
78 Uruguay $ -100,000,000 2007 est.
79 Tajikistan $ -102,000,000 2007 est.
80 Burundi $ -137,300,000 2007 est.
81 Seychelles $ -141,000,000 2007 est.
82 Chad $ -144,500,000 2007 est.
83 Togo $ -165,500,000 2007 est.
84 Rwanda $ -172,800,000 2007 est.
85 Guinea $ -175,000,000 2007 est.
86 Malawi $ -180,000,000 2007 est.
87 Haiti $ -184,800,000 2007 est.
88 Cape Verde $ -218,000,000 2007 est.
89 Guyana $ -229,700,000 2007 est.
90 Uganda $ -241,000,000 2007 est.
91 Armenia $ -275,100,000 2007 est.
92 Benin $ -278,800,000 2007 est.
93 Eritrea $ -343,100,000 2007 est.
94 Laos $ -355,000,000 2007 est.
95 Zimbabwe $ -409,000,000 2007 est.
96 Cambodia $ -410,000,000 2007 est.
97 Malta $ -411,000,000 2007 est.
98 Honduras $ -446,000,000 2007 est.
99 Fiji $ -465,800,000 2006 est.
100 Cameroon $ -501,000,000 2007 est.
101 Mauritius $ -552,000,000 2007 est.
102 Moldova $ -569,000,000 2007 est.
103 Ecuador $ -600,000,000 2007 est.
104 Kyrgyzstan $ -677,300,000 2007 est.
105 Mozambique $ -726,000,000 2007 est.
106 Cuba $ -750,000,000 2007 est.
107 Burkina Faso $ -752,000,000 2007
108 Nicaragua $ -754,000,000 2007 est.
109 Panama $ -861,000,000 2007 est.
110 Albania $ -918,000,000 2007 est.
111 El Salvador $ -929,000,000 2007 est.
112 Tunisia $ -935,000,000 2007 est.
113 Kenya $ -980,000,000 2007 est.
114 Senegal $ -1,034,000,000 2007 est.
115 Sri Lanka $ -1,118,000,000 2007 est.
116 Madagascar $ -1,145,000,000 2007 est.
117 Vietnam $ -1,199,000,000 2007 est.
118 Cyprus $ -1,236,000,000 2007 est.
119 Costa Rica $ -1,259,000,000 2007 est.
120 Tanzania $ -1,422,000,000 2007 est.
121 Slovenia $ -1,429,000,000 2007 est.
122 Ghana $ -1,470,000,000 2007 est.
123 Jamaica $ -1,573,000,000 2007 est.
124 Georgia $ -1,582,000,000 2007 est.
125 Jordan $ -1,690,000,000 2007 est.
126 Guatemala $ -1,772,000,000 2007 est.
127 Ethiopia $ -1,851,000,000 2007 est.
128 Dominican Republic $ -1,993,000,000 2007 est.
129 Bosnia and Herzegovina $ -2,021,000,000 2007 est.
130 Syria $ -2,160,000,000 2007 est.
131 Serbia $ -2,451,000,000 2005 est.
132 Belarus $ -3,056,000,000 2007 est.
133 Estonia $ -3,092,000,000 2007 est.
134 Slovakia $ -3,119,000,000 2007 est.
135 Lebanon $ -3,337,000,000 2007 est.
136 Iceland $ -3,384,000,000 2007 est.
137 Croatia $ -3,836,000,000 2007 est.
138 Ukraine $ -3,890,000,000 2007 est.
139 Sudan $ -4,465,000,000 2007 est.
140 Kazakhstan $ -4,643,000,000 2007 est.
141 Colombia $ -5,132,000,000 2007 est.
142 Lithuania $ -5,320,000,000 2007 est.
143 Mexico $ -5,414,000,000 2007 est.
144 Czech Republic $ -5,701,000,000 2007 est.
145 Latvia $ -5,839,000,000 2007 est.
146 Pakistan $ -6,477,000,000 2007 est.
147 Hungary $ -6,681,000,000 2007 est.
148 Bulgaria $ -7,189,000,000 2007 est.
149 New Zealand $ -9,973,000,000 2007 est.
150 Ireland $ -12,600,000,000 2007 est.
151 South Africa $ -16,280,000,000 2007 est.
152 Poland $ -18,130,000,000 2007 est.
153 India $ -18,530,000,000 2007 est.
154 Portugal $ -18,530,000,000 2007 est.
155 Romania $ -20,950,000,000 2007 est.
156 France $ -35,940,000,000 2007 est.
157 Turkey $ -36,270,000,000 2007 est.
158 Greece $ -36,400,000,000 2007 est.
159 Australia $ -50,960,000,000 2007 est.
160 Italy $ -57,940,000,000 2007 est.
161 United Kingdom $ -111,000,000,000 2007 est.
162 Spain $ -126,300,000,000 2007 est.
163 United States $ -747,100,000,000 2007 est.
Is it apparent that we have spent like drunken sailors? No offense intended towards drunken sailors.
Fine: We have spent money like a drunken Kennedy in a whore house.
And, unfortunately, for the things he did right, this is one Bush did very wrong.
read later
This is money in current accounts? Well no wonder.
It is NOT a measure of net worth.
Most spending is mandated by laws ( for example social security, Medicare , Medicaid). Can a president reduce the number of people who get social security disability benefits or Medicare?NO. Are 14% of Americans really disabled or are they getting a free ride? You decide.
These laws have been passed by mostly by big government Democrats like FDR.
The only way to really decrease spending,stop the United States from becoming bankrupt, and reduce the size of government is to repeal many of these laws passed in the last one hundred years especially the 16th ammendment and the environmental laws that are crippling manufactoring and the energy industry in the U.S..
I haven’t seen anybody, including any politician make this point. Most spending (84%) if you include military spending is mandatory and increases are mandatory. Most government educated people think that a president rules by decree. The U.S. is still a nation of laws and a president has to follow the law too. This is why Bush and even Reagan could not reduce spending. Nobody has been for limiting government and government spending more than Ronald Reagan but he could not do it because of this reason.
True. However, it’s undeniable that we are borrowing ourselves deeper into the hole while providing aid to countries with positive assets.
Yet, somehow, Clinton was able to eliminate the budget deficit. We may not agree with HOW he did it, but he was able to do it.
Let’s face it, Bush has been irresponsible for nearly 8 years. Yes, many things he can’t affect. But, many he can and should have.
Sorry but government spending did decrease during Clinton’s term but it increased greatly during that time. Look it up.
The budget was balanced only 2 of clinton’s 8 years. so you are wrong about Clinton. Clinton had a deficit 6 of 8 years.
The reason the budget balanced TEMPORARILY was because of several flukish factors that favored the economy temporarily like the internet bubble and a very low price of oil. Clinton did not reduce spending even with the Republican controlled congress he had.
In fact during which president’s term has government spending decreased ?
Sorry but government spending did NOT decrease during Clinton’s term but it increased greatly during that time. Look it up.
The budget was balanced only 2 of clinton’s 8 years. so you are wrong about Clinton. Clinton had a deficit 6 of 8 years.
The reason the budget balanced TEMPORARILY was because of several flukish factors that favored the economy temporarily like the internet bubble and a very low price of oil. Clinton did not reduce spending even with the Republican controlled congress he had.
In fact during which president’s term has government spending decreased ?
Since when does the CIA get their facts straight?
Federal spending increases during the Clinton 1990’s in million of dollars:
1990 1,253,130
1995 1,515,884
2000 1,789,216
So you see from these figures that Clinton increased spending almost by one half a trillion dollars.
proof:
http://www.infoplease.com/ipa/A0104753.html
Thanks for being the voice of reason on this thread!
I am not sticking up for X42, but to be fair you should report GWB’s numbers as well.
Spending and balancing the budget are two different, even if related, things. You can increase spending and balance a budget. And, you have already admitted that the budget did balance during Clinton’s admin. Where has it gone with Bush?
Say what you want, but, suprisingly, Clinton did consistently push for balanced spending, even if we don’t agree with how it was spent or how he got there. Bush, OTOH, has been horribly irresponsible. Instead of ACTING like a fiscal conservative, he has acted like a liberal, doing nothing to curb either the size of government or its out of control spending.
Hopefully we’ll have a chance to reduce spending with McCain as POTUS.
I have not forgot. But, this is a fact of history: Clinton did TRY and balance a budget. This is also a fact of history: Bush hasn’t evidently given it 2 thoughts. He has given us the 6 worst years in the history of the US, 5 of the 6 individually are the single worst in history by themselves. Collectively, Bush has, what, doubled the national debt or some idiotic percentage.
And, yes, Bush may realize that you can’t buy liberal love. But, you can be assimilated by them and turned into a fiscal liberal.
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