The Economist has unveiled the global debt clock, a country-by-country look at which countries are tapped out. In the image above, the darkest countries are the ones most in debt.
You can manipulate the data for the last decade. Did you know, for example, China’s public debt is increasing at a 15% rate for 2011? That’s lower than the United States’ anticipated 12.7% increase. But the U.S. debt is about $27,000 per capita. It’s about $800 per capita in China.
About the blogger
Bob Collins has been with Minnesota Public Radio since 1992, emigrating to Minnesota from Massachusetts. He was senior editor of news in the ’90s, ran MPR’s political unit, created the MPR News regional website, invented the popular Select A Candidate, started several blogs, and every day laments that his Minnesota Fantasy Legislature project never caught on.
NewsCut is a blog featuring observations about the news. It provides a forum for an online discussion and debate about events that might not typically make the front page. NewsCut posts are not news stories.