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Tuesday, September 8, 2009
The Economist has a nifty graph on the amount of global public debt, projecting into the next couple of years. Check it out.
According to their maths, Iceland will have an average debt-per-person of over $107,000.00 in 2011. From a quick scan, that's almost twice as much per person as any other country (even the Italians!), and it amounts to almost 200% of their projected GDP. Ouch.
The figures for the United States don't actually look too bad for 2009, but it's that little "yearly rate of change" percentage that you want to keep your eye on.
Update: Click on Zimbabwe. Hilarious.
Thanks to Free Exchange for the pointer.