DEBT PEOPLE

I see debt people.

The World Economic Forum's annual Global Competitiveness Report ranks the USA 96 out of 140 countries in terms of debt and savings i.e. 'macroeconomic environment'.

Britain ranks 108th out of 140 countries in terms of 'macroeconomic environment', worse than Haiti and Zimbabwe.

'Macroeconomic environment' refers to the government deficit, public debt, savings and the strength of the financial system.

Countries ranked even worse than Britain for macroeconomic environment included Spain, Greece, Mozambique and Sri Lanka, with Malawi at the bottom of the list.

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According to the World economic Forum, the USA should "improve the quality of education (18th), in particular at the primary level, and continuing to stabilize its macroeconomic environment (96th), which must include addressing high health and social security costs and ensuring continued strengthening of the financial system."

According to the World economic Forum, "Britain will have to continue efforts to improve its macroeconomic environment (108th); the government deficit is still very high (5.7 percent of GDP, ranked 118th) and its public debt has doubled since 2007, now accounting for almost 90 percent of GDP (123nd)."

To view all the data click here

External debt[2]

Rank	Country				% of GDP[7][8][9]
1	United States		20 June 2015		106
2	United Kingdom		31 March 2014		406
3	France		31 March 2014		222
4	Germany		31 March 2014		145
5	Luxembourg[note 1]		31 March 2014		3,443
6	China		31 December 2013[10]		37.5