The following two maps show the countries of Europe and the World resized according to their total external debt, whereas the colours indicate a country’s debt by gdp ratio. The maps are an outcome of a commissioned work for the Times newspaper, and putting those two slightly different values on one map may raise criticism, even if both values on it’s own make for a good depiction of the current state of the economic world – or the burden that some national governments currently face. Also, the data used must be judged carefully. Not just since Greece went on the global stage with its crisis it is quite obvious that economic statistics do not always reveal the real truth. Having said all that, these maps still draw an impressive picture of the current crisis in Europe and the world:
Tag Archives: debt
Global Debt in 2010
Following the map of Europe’s external debt, here comes the same data put into global context. This map is a modified version of a work that has been made for the Times newspaper (featured in the printed edition on March, 25) in their coverage of the 2010 budget. As this picture shows, it is not only the Eurozone, but most Western countries in a deep crisis – global inequalities the other way around this time – this is a topic that will be with us for months (and years) to come and still a long way to go on the road to recovery. So, keep this picture in mind:
European debt levels in 2010
Alistair Darling is just about to announce the UK’s budget this Wednesday in the run-up to the forthcoming General Election, while the Eurozone countries stew over the fate of Greece and its implications for the European currency. In the reality of a world economic crisis, it’s everyone for himself, and Europe seems far from being a united community.
The following map compares the total debt of the EU-27 countries and the debt’s share of the GDP – revealing some interesting views: In sheer numbers, the PIGS are not alone (Greece, in fact, almost not counting). Eventually, we’re all in the same boat in the sea of gloom (click map for larger view)…
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