MoneyWeek map: The world's biggest spenders
It's no secret that Britain has a colossal debt problem. But are we in good company? This map shows how the other G20 countries compare when it comes to balancing the budget.
Debt is a big problem, and for Britain in particular. On the map above, we've looked at two things for each of the 19 nations of the G20 (the 20th is the eurozone): the deficit (or surplus), which is the amount a country spends over and above its tax take each year; and the overall national debt as a percentage of GDP.
To give an example of what's considered sustainable, the criteria for joining the eurozone included having a deficit of 3% or less. Many fail this test. (All surplus/deficit figures are from 2012; national debt figures from 2012, or 2011 if asterisked.)
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Cash in on the growth prospects of Europe's companies
Opinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
By Marcel Stotzel Published
-
Is the AI boom another dotcom bubble?
25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
By Dan McEvoy Published