FACT: GDP vs Debt

Posted by finkployd in Info
Friday, August 5. 2005

Did you know that the Lebanese Public Debt stands at 177.9% of the Gross Domestic Product (GDP).

Thus Lebanon makes $18.83 billion a year but owes the world $33.50 billion.

Which means that if every penny we make goes into paying off the debt, it would still take us around 2 years to break even.

(this figure does not take into account privatization of public services and sectors that might at best bring down the debt to 100% of the GDP)

So, if we all stopped drinking, eating, driving, shopping, and even shitting - without decreasing our productivity - for one year, we could theoretically get out of this mess.

-finkployd

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that is some messed up shit, I think the G8 should help you

#1 Ingi on 2005-08-05 19:32 (Reply)

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#2 Maha (Homepage) on 2005-08-10 00:50 (Reply)

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