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Aerospace

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Aerospace

Re: pkripper post# 7984

Thursday, 07/05/2007 3:00:04 PM

Thursday, July 05, 2007 3:00:04 PM

Post# of 29692
A good way to measure a countries debt is to look at their debt to GDP ratio.

US debt 9 trillion, GDP 13 trillion. So that’s a ratio of 69%.

Iraq’s debt was over $300 billion when this all started and I think their GDP was about $50 billion.
That’s a ratio of 600%. That’s why debt relief was considered essential.

Latest numbers I’ve seen. The debt is down to about $100 billion and their GDP is about $100 billion…
So their debt ratio is now down to about 100%.
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