Tuesday, 31 March 2009

External debt from the CIA world fact book

If you click the link below it gives every country in the world ordered by their external debts.


The definition of external debt is given as follows:

This entry gives the total public and private debt owed to nonresidents repayable in foreign currency, goods, or services. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.

This means external debt is not repayable by printing money.

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