External Debt Per Person- Ireland's position

[pino]

Some well known data... just to think about. Any taxpayer shoud be happy to know that every Irish child is born owing to external lenders US$ 442,961.33 (€ 320,202.45)

Worldwide Top ten (In US$ per person):

1 - [COLOR=Red]Ireland [/COLOR]($442,961.33) 250.6% more than the 2nd classified!
2 - Switzerland ($176,745.56)
3 - UK ($171,469.14)
4 - Netherlands ($136,795.26)
5 - Belgium ($126,202.06)
6 - France ($68,625.53)
7 - Germany ($54,498.29)
8 - USA ($40,319.31)
9 - Spain ($26,771.35)
10 - Japan ($11,721.41)

[greengoose1]

Some well known data... just to think about. Any taxpayer shoud be happy to know that every Irish child is born owing to external lenders US$ 442,961.33 (€ 320,202.45)

Worldwide Top ten (In US$ per person):

1 - [COLOR=Red]Ireland [/COLOR]($442,961.33) 250.6% more than the 2nd classified!
2 - Switzerland ($176,745.56)
3 - UK ($171,469.14)
4 - Netherlands ($136,795.26)
5 - Belgium ($126,202.06)
6 - France ($68,625.53)
7 - Germany ($54,498.29)
8 - USA ($40,319.31)
9 - Spain ($26,771.35)
10 - Japan ($11,721.41)

I'd like to see this stuff compared to the average wage in each of these countries and also the unemployment percentages for same. The we could have a real analysis.

[pino]

I'd like to see this stuff compared to the average wage in each of these countries and also the unemployment percentages for same. The we could have a real analysis.

Actually I don't see the meaning of such a comparison, anyway I'll put that together for your satisfaction.

By the way, I forgot to mention the data sources:
http://www.cso.ie/releasespublicatio...ternaldebt.pdf
https://www.cia.gov/library/publicat...ook/index.html

[greengoose1]

Actually I don't see the meaning of such a comparison, anyway I'll put that together for your satisfaction.

By the way, I forgot to mention the data sources:
http://www.cso.ie/releasespublicatio...ternaldebt.pdf
https://www.cia.gov/library/publicat...ook/index.html

Let's say that the debt for Ireland is circa 400 grand per head and Switzerland and UK is circa 170. Now the income for the Irish would need to be 2.5 time that of the other two countries.

Does that mean that the Irish are getting 2.5x what the other two are getting? What I am trying to understand is how does this impact financially on a persons buying power.

And when I say income I am using it in the strict sense of the word.

[pino]

Let's say that the debt for Ireland is circa 400 grand per head and Switzerland and UK is circa 170. Now the income for the Irish would need to be 2.5 time that of the other two countries.

Does that mean that the Irish are getting 2.5x what the other two are getting? What I am trying to understand is how does this impact financially on a persons buying power.

And when I say income I am using it in the strict sense of the word.

Actually what you propose is a separate thing (nonetheless I'll post the data after lunch).
Anyway, to stay on your path, you can see that the listed countries are all circa on the same social status, so you can reckon that in no way any of those country has such a gap in people's average income compared to the others.
I think that any Irish knows the average UK wage, so comparing that (UK is in third position) Ireland has a debt that is the 323.81% of the british one!

[greengoose1]

Actually what you propose is a separate thing (nonetheless I'll post the data after lunch).
Anyway, to stay on your path, you can see that the listed countries are all circa on the same social status, so you can reckon that in no way any of those country has such a gap in people's average income compared to the others.
I think that any Irish knows the average UK wage, so comparing that (UK is in third position) Ireland has a debt that is the 323.81% of the british one!

I listen all the time to stats trying to prove black is white and the converse and all things in between but from a practical point I feel the difference, having lived in Switzerland for a good number of years and here for the last four. I had far more disposable cash over there and generally got far better value for money. I was shocked, when I came back here to see the level of credit people had. I have felt for the last four years that this was all going to come tumbling down like a house of cards and I was accused of being negative.

We are blaming the current financial crisis on external factors whereas our domestic housing/lending market as well as the credit cards was a Pandora's box which someone has opened.

Come budget day I doubt if we will see that hope for a better cancer service, better roads, public transport, proper waste management and all the plethora of promises fron the crowd who brought you an economy awash with money or was that a house of cards?

A huge dose of reality is now needed.

[pino]

I listen all the time to stats trying to prove black is white and the converse and all things in between but from a practical point I feel the difference, having lived in Switzerland for a good number of years and here for the last four. I had far more disposable cash over there and generally got far better value for money. I was shocked, when I came back here to see the level of credit people had. I have felt for the last four years that this was all going to come tumbling down like a house of cards and I was accused of being negative.

We are blaming the current financial crisis on external factors whereas our domestic housing/lending market as well as the credit cards was a Pandora's box which someone has opened.

Come budget day I doubt if we will see that hope for a better cancer service, better roads, public transport, proper waste management and all the plethora of promises fron the crowd who brought you an economy awash with money or was that a house of cards?

A huge dose of reality is now needed.

I Totally agree with you. In the meantime (while collecting the data you requested) I post here the ratio External Debt / GDP (per person). The UK goes up to the 2nd place here:

[COLOR=Red]1 - Ireland 950.56%[/COLOR]
2 - UK 489.91%
3 - Switzerland 440.76%
4 - Netherlands 350.76%
5 - Belgium 348.62%
6 - France 210.51%
7 - Germany 159.82%
8 - USA 88.03%
9 - Spain 79.68%
10 - Japan 34.99%

Totally reckless uh?

[Dreaded_Estate]

GDP per capita in bold

1 - Ireland ($442,961.33) 59,924
2 - Switzerland ($176,745.56) - 58,084
3 - UK ($171,469.14) - 45,575
4 - Netherlands ($136,795.26) - 46,261
5 - Belgium ($126,202.06) - 42,557
6 - France ($68,625.53) - 41,511
7 - Germany ($54,498.29) - 40,415
8 - USA ($40,319.31) - 45,845
9 - Spain ($26,771.35) - 32,067
10 - Japan ($11,721.41) - 34,312

[pino]

GDP per capita in bold

1 - Ireland ($442,961.33) 59,924
2 - Switzerland ($176,745.56) - 58,084
3 - UK ($171,469.14) - 45,575
4 - Netherlands ($136,795.26) - 46,261
5 - Belgium ($126,202.06) - 42,557
6 - France ($68,625.53) - 41,511
7 - Germany ($54,498.29) - 40,415
8 - USA ($40,319.31) - 45,845
9 - Spain ($26,771.35) - 32,067
10 - Japan ($11,721.41) - 34,312

Are those Euros? The data do not match the mentioned sources. If we don't use the same source and currency the data become unreliable.

The GDP per person (PPP) form the CIA World Factbook 2008 are (US$, decrescent order):

1 - Ireland $46,600.00
2 - USA $45,800.00
3 - Switzerland $40,100.00
4 - Netherlands $39,000.00
5 - Belgium $36,200.00
6 - UK $35,000.00
7 - Germany $34,100.00
8 - Spain $33,600.00
9 - Japan $33,500.00
10 - France $32,600.00

[pino]

I'd like to see this stuff compared to the average wage in each of these countries and also the unemployment percentages for same. The we could have a real analysis.

Sorry for the delay. The data that I'm putting here are all in Euro because the only source for these is EuroStat (EUROPA - Eurostat - Data Navigation Tree).

Anyway the referred period is the same: 2007.
The [COLOR=Blue]blue [/COLOR]data are the NET average earning for a Single without children
The [COLOR=SeaGreen]green [/COLOR]data are the NET average earning for a Couple with two children and one income
The [COLOR=Red]red [/COLOR]data is the overall unemployment rate.

Ireland [COLOR=Blue]€25,827.31[/COLOR] [COLOR=SeaGreen]€32,816.91[/COLOR] [COLOR=Red] 4.60%[/COLOR]
USA [COLOR=Blue]€19,836.43[/COLOR] [COLOR=SeaGreen]€24,644.43[/COLOR] [COLOR=Red] 4.60%[/COLOR]
Switzerland [COLOR=Blue]€36,342.70[/COLOR] [COLOR=SeaGreen]€41,917.69 [COLOR=Red]3.3%[/COLOR][/COLOR]
Netherlands [COLOR=Blue]€24,737.28[/COLOR] [COLOR=SeaGreen] €28,027.70[/COLOR] [COLOR=Red]3.20%[/COLOR]
Belgium [COLOR=Blue]€21,698.18[/COLOR] [COLOR=SeaGreen]€29,141.50[/COLOR] [COLOR=Red]7.50%[/COLOR]
UK [COLOR=Blue]€33,128.16[/COLOR] [COLOR=SeaGreen] €36,160.84[/COLOR] [COLOR=Red]5.30%[/COLOR]
Germany [COLOR=Blue]€24,064.40[/COLOR] [COLOR=SeaGreen]€32,288.53[/COLOR] [COLOR=Red]8.40%[/COLOR]
Spain [COLOR=Blue]€16,779.13[/COLOR] [COLOR=SeaGreen]€18,291.13[/COLOR] [COLOR=Red]8.30%[/COLOR]
France [COLOR=Blue]€22,295.53[/COLOR] [COLOR=SeaGreen]€25,947.12[/COLOR] [COLOR=Red]8.30%[/COLOR]