The Stronger Dollar Makes Cents

Posted: September 25, 2011 in Business, Technology and Business
Tags: , , , , , ,

Back in December, 2009, I published a post entitled, “The Stronger Euro Doesn’t Makes Cents.

I posted some “External debt as a % of GDP” figures.  How do they stack up nearly two years later?

With the Euro current around 1.3491, here’s the comparison:

External Debt As A Percentage of GDP:

2009:  #20: U.S. at 94%…                      2011: #20: U.S. at 101.%
2009:  #14: Germany at 178%…         2011:  #14: Germany at 185.1%
2009:  #8: France at 236%…                2011:  #12: France at 250%
2009:  #10: Hong Kong at 206%…     2011:  #11: Hong Kong at 250.4%
2009:  #3: U.K. at 408%…                     2011:  #2: U.K. at 413.3%
2009:  #1: Ireland at 1,267%…           2011:  #1: Ireland at 1,382%

So, really, not much has changed… the U.S. is still the strongest of the bunch… but everyone has gotten a bit worse… with France a bit more than the others… Hong Kong a lot worse (speaks to whether Asia is overheating or not)… and Ireland, unfortunately, a whole lot worse.

P.S.  I know the U.K. and Hong Kong aren’t part of the Euro per se, however, they both are in the thick of it, so to speak.

P.P.S.  Here is where the other “PIIG” nations stand:

2011:  #17: Italy at 146.6%
2011:  #15: Greece at 182.2%
2011:  #13: Portugal at 223.6%

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