World's Richest Government

Interesting attachment for those who are financially inclined to get a better perspective on the world's economies
Enjoy and Have a Great Week !
We know the world's richest man is Carlos Slim Helu of Mexico, followed by Bill Gates and Warren Buffet of USA .

How about governments ?

Which countries’ government is the richest (having most money that is, in US$)

If you are expecting North American and European nations, you might be disappointed.
While the countries look rich, wealthy European nations can't withstand a prolonged major financial crisis, just like Greece .
The USA might have the biggest economy, but the American government is not at all rich; in fact, it can't even take out $150bn if asked to now without resorting to borrowing.
To date the US government has borrowed $14 trillion !
The UK , likewise, while the country/people are rich, the government isn't.
The UK government’s debt stands at $9 trillion now.

World’s Richest Government
Richest governments after financial crisis :


    1. Peoples Republic of China
    National reserves: $2,454,300,000,000

    2. Japan
    National reserves: $1,019,000,000,000


    3. Russia
    National reserves: $458,020,000,000

    4. Saudi Arabia
    National reserves: $395,467,000,000

    5. Taiwan
    National reserves: $362,380,000,000

    6. India
    National reserves: $279,422,000,000

    7. South Korea
    National reserves: $274,220,000,000

    8. Switzerland
    National reserves: $262,000,000,000

    9. Hong Kong , China
    National reserves: $256,000,000,000

    10. Brazil
    National reserves: $255,000,000,000

    Here are the rest, in million US $:

    11 Singapore / 203,436
    12 Germany / 189,100
    13 Thailand / 150,000
    14 Algeria / 149,000
    15 France / 140,848
    16 Italy / 133,104
    17 United States / 124,176
    18 Mexico / 100,096
    19 Iran / 96,560
    20 Malaysia / 96,100
    21 Poland / 85,232
    22 Libya / 79,000
    23 Denmark / 76,315
    24 Turkey / 71,859
    25 Indonesia / 69,730
    26 United Kingdom / 69,091
    27 Israel / 62,490
    28 Canada / 57,392
    29 Norway / 49,223
    30 Iraq / 48,779
    31 Argentina / 48,778
    32 Philippines / 47,650
    33 Sweden / 46,631
    34 United Arab Emirates / 45,000
    35 Hungary / 44,591
    36 Romania / 44,056
    37 Nigeria / 40,480
    38 Czech Republic / 40,151
    39 Australia / 39,454
    40 Lebanon / 38,600
    41 Netherlands / 38,372
    42 South Africa / 38,283
    43 Peru / 37,108
    44 Egypt / 35,223
    45 Venezuela / 31,925
    46 Ukraine / 28,837
    47 Spain / 28,195
    48 Colombia / 25,141
    49 Chile / 24,921
    50 Belgium / 24,130
    51 Brunei / 22,000
    52 Morocco / 21,873
    53 Vietnam / 17,500
    54 Macau / 18,730
    55 Kazakhstan / 27,549
    56 Kuwait / 19,420
    57 Angola / 19,400
    58 Austria / 18,079
    59 Serbia / 17,357
    60 Pakistan / 16,770
    61 New Zealand / 16,570
    62 Bulgaria / 16,497
    63 Ireland / 16,229
    63 Portugal / 16,254
    64 Croatia / 13,720
    65 Jordan / 12,180
    66 Finland / 11,085
    67 Bangladesh / 10,550
    68 Botswana / 10,000
    69 Tunisia / 9,709
    70 Azerbaijan / 9,316
    71 Bolivia / 8,585
    72 Trinidad and Tobago / 8,100
    73 Yemen / 7,400
    74 Uruguay / 8,104
    75 Oman / 7,004
    76 Latvia / 6,820
    77 Lithuania / 6,438
    78 Qatar / 6,368
    79 Cyprus / 6,176
    80 Belarus / 6,074
    81 Syria / 6,039
    82 Uzbekistan / 5,600
    83 Luxembourg / 5,337
    84 Guatemala / 5,496
    85 Greece / 5,207
    86 Bosnia and Herzegovina / 5,151
    87 Cuba / 4,247
    88 Costa Rica / 4,113
    89 Equatorial Guinea / 3,928
    90 Ecuador / 3,913
    91 Iceland / 3,823
    92 Paraguay / 3,731
    93 Turkmenistan / 3,644
    94 Estonia / 3,583
    95 Malta / 3,522
    96 Myanmar / 3,500
    97 Bahrain / 3,474
    98 Kenya / 3,260
    99 Ghana / 2,837
    100 El Salvador / 2,845
    101 Sri Lanka / 2,600
    102 Cambodia / 2,522
    103 Côte d'Ivoire / 2,500
    104 Tanzania / 2,441
    105 Cameroon / 2,341
    106 Macedonia / 2,243
    107 Dominican Republic / 2,223
    108 Papua New Guinea / 2,193
    109 Honduras / 2,083
    110 Armenia / 1,848
    111 Slovakia / 1,809
    112 Mauritius / 1,772
    113 Albania / 1,615
    114 Kyrgyzstan / 1,559
    115 Jamaica / 1,490
    116 Mozambique / 1,470
    117 Gabon / 1,459
    118 Senegal / 1,350
    119 Georgia / 1,300
    120 Panama / 1,260
    121 Sudan / 1,245
    122 Zimbabwe / 1,222
    123 Slovenia / 1,105
    124 Moldova / 1,102
    125 Zambia / 1,100
    126 Nicaragua / 1,496
    127 Mongolia / 1,000
    128 Chad / 997
    129 Burkina Faso / 897
    130 Lesotho / 889
    131 Ethiopia / 840
    132 Benin / 825
    133 Namibia / 750
    134 Madagascar / 745
    135 Barbados / 620
    136 Laos / 514
    137 Rwanda / 511
    138 Swaziland / 395
    139 Togo / 363
    140 Cape Verde / 344
    141 Tajikistan / 301
    142 Guyana / 292
    143 Haiti / 221
    144 Belize / 150
    145 Vanuatu / 149
    146 Malawi / 140
    147 Gambia / 120
    148 Guinea / 119
    149 Burundi / 118
    150 Seychelles / 118
    151 Samoa / 70
    152 Tonga / 55
    153 Liberia / 49
    154 Congo / 36
    155 São Tomé and Príncipe / 36
    156 Eritrea / 22
   
Big national reserves doesn't guarantee prosperity however, for instance, the yearly expenses for China 's government is $1.11 trillion, their government must always think of economic growth and making more money.
    
China’s gov't overspent $110bn last year, much on it towards modernizing their military, if it goes on like this their reserves can only last for 22 yrs.
    
The Malaysian gov't overspent $13bn last year, if it goes on like this their reserves can only last for 7 yrs.
    
The Singaporean government overspent $3bn last year, much of it rescuing their banks from financial crisis, if it goes on like this their reserves can last 68 yrs.
    
The Swiss gov't overspent $1bn last year, if it goes on like this their reserves can last 262 yrs.
    
A country normally can borrow up to 100% its GDP, a very strong industrial country or very financial stable nation can borrow up to perhaps 200% its GDP, debts over 250% GDP the country is bankrupted.

Greece 's Debts Is 113.40% GDP, In Danger As It Is Not Considered A Strong Industrial Or Financial Country.

Iceland Is 107.60%, Also In Crisis As It Is Not So Strong Industrial Or Financially.

Singapore Debts Is 113.10%, Not In Hot Water Due To Its Global Financial Hub Status, And Also Its Financial Strength. It's Only Dangerous For Singapore When It Reaches 200%

Japan Debts Is 189.30%, Still Under Radar As A Powerful Industrial Nation. It Needs To Panic Only At Around 200%

US Has The World Largest Debts, But It Is Only 62% Its GDP, It Is Not In Any Immediate Danger Of Bankruptcy.

    Zimbabwe Debts Is 282.60% GDP, It Is A Bankrupted Nation.

    Malaysia Debts Is Currently At 53.70% GDP.

    Hong Kong And Taiwan Is Doing Pretty Good With Debts At 32-37% GDP

    South Korea Is Even Better With Debts At 23.5% GDP

    China Is Very Stable With Debts At 16.90% GDP

    Russia Is Like A Big Mountain With Debts Only At 6.30% GDP
    
    There Are Only 5 Countries With No Debt (I.E. 0%) –
    Brunei, Liechtenstein, Palau, Nieu, And Macau Of China.

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