{UAH} World's Richest Government

World's Richest Government: 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. So, which are the world's Richest Governments?

1. 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$:

011 Singapore / 203,436

012 Germany / 189,100

013 Thailand / 150,000

014 Algeria / 149,000

015 France / 140,848

016 Italy / 133,104

017 United States / 124,176

018 Mexico / 100,096

019 Iran / 96,560

020 Malaysia / 96,100

021 Poland / 85,232

022 Libya / 79,000

023 Denmark / 76,315

024 Turkey / 71,859

025 Indonesia / 69,730

026 United Kingdom / 69,091

027 Israel / 62,490

028 Canada / 57,392

029 Norway / 49,223

030 Iraq / 48,779

031 Argentina / 48,778

032 Philippines / 47,650

033 Sweden / 46,631

034 United Arab Emirates / 45,000

035 Hungary / 44,591

036 Romania / 44,056

037 Nigeria / 40,480

038 Czech Republic / 40,151

039 Australia / 39,454

040 Lebanon / 38,600

041 Netherlands / 38,372

042 South Africa / 38,283

043 Peru / 37,108

044 Egypt / 35,223

045 Venezuela / 31,925

046 Ukraine / 28,837

047 Spain / 28,195

048 Colombia / 25,141

049 Chile / 24,921

050 Belgium / 24,130

051 Brunei / 22,000

052 Morocco / 21,873

053 Vietnam / 17,500

054 Macau / 18,730

055 Kazakhstan / 27,549

056 Kuwait / 19,420

057 Angola / 19,400

058 Austria / 18,079

059 Serbia / 17,357

060 Pakistan / 16,770

061 New Zealand / 16,570

062 Bulgaria / 16,497

063 Ireland / 16,229

063 Portugal / 16,254

064 Croatia / 13,720

065 Jordan / 12,180

066 Finland / 11,085

067 Bangladesh / 10,550

068 Botswana / 10,000

069 Tunisia / 9,709

070 Azerbaijan / 9,316

071 Bolivia / 8,585

072 Trinidad and Tobago / 8,100

073 Yemen / 7,400

074 Uruguay / 8,104

075 Oman / 7,004

076 Latvia / 6,820

077 Lithuania / 6,438

078 Qatar / 6,368

079 Cyprus / 6,176

080 Belarus / 6,074

081 Syria / 6,039

082 Uzbekistan / 5,600

083 Luxembourg / 5,337

084 Guatemala / 5,496

085 Greece / 5,207

086 Bosnia and Herzegovina / 5,151

087 Cuba / 4,247

088 Costa Rica / 4,113

089 Equatorial Guinea / 3,928

090 Ecuador / 3,913

091 Iceland / 3,823

092 Paraguay / 3,731

093 Turkmenistan / 3,644

094 Estonia / 3,583

095 Malta / 3,522

096 Myanmar / 3,500

097 Bahrain / 3,474

098 Kenya / 3,260

099 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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Abbey Kibirige  Semuwemba

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'"The three separate branches of government were developed as a check and balance for one another. It is within the court's duty to ensure that power is never condense[d] into a single branch of government." - Judge Anna Diggs Taylor