How much $$$ each person in ur country borrowed from banks?

Do bank loans suffocate you? Stress up seeing your pile of debts? Having troubles meeting the monthly payments?

http://i56.tinypic.com/2a6oy6h.jpg

You’re not alone, everyone in the world has their share of debts. Ever wonder how much money your fellow citizens in average, owed the banks? Domestic credit is the total amount of credit (i.e. loan money) banks in specific country provided to all. I just grabbed the domestic credit report of 136 nations and divide them by population, this give the amount of money each person in the country statistical-averagely borrowed from the banks.

Each person in the no.1 of the list, Luxembourg (popularly known as the land of the rich, having the highest GDP per capita in the world), shockingly borrowed 4 times more money than the no.2, while each person in Afghanistan in average only borrowed $12.8 from the banks.

So how much debts each citizen of the countries is presumed to owe. If you have more debts than national average, it only means you spend more than most people in your country :mrgreen: , did you spend all the money buying luxurious cars or mansion? :lol: Figure is in US$ so convert to your currency

http://i53.tinypic.com/2wf1v77.jpg
1. Luxembourg
Each person there in average owed the banks: $751563.2149

http://i54.tinypic.com/2exqc7o.jpg
2. Ireland
Each person there in average owed the banks: $175723.2585

http://i52.tinypic.com/izqdc0.jpg
3. Denmark
Each person there in average owed the banks: $128933.4989

http://i54.tinypic.com/2z7rhgw.jpg
4. Switzerland
Each person there in average owed the banks: $113670.031

http://i51.tinypic.com/2rylt3d.jpg
5. Japan
Each person there in average owed the banks: $97105.19575

http://i51.tinypic.com/jl5tz9.jpg
6. Spain
Each person there in average owed the banks: $85132.62997

http://i51.tinypic.com/2hchisz.jpg
7. Qatar
Each person there in average owed the banks: $83056.8173

http://i52.tinypic.com/2cpx6k8.jpg
8. Cyprus
Each person there in average owed the banks: $74376.7216

http://i54.tinypic.com/rbgug9.jpg
9. Austria
Each person there in average owed the banks: $73834.25732

http://i56.tinypic.com/29cmh48.jpg
10. Netherlands
Each person there in average owed the banks: $73821.49281

11 . Belgium / 73658.08055
12 . Canada / 69728.11827
13 . France / 63675.8049
14 . Germany / 60962.16146
15 . Sweden / 60598.3608
16 . Italy / 52403.20838
17 . United States / 49998.02693
18 . Finland / 45921.40412
19 . Portugal / 45853.89287
20 . Hong Kong / 44932.21968
21 . European Union / 42233.58488
22 . New Zealand / 39018.20327
23 . Greece / 36749.95539
24 . Anguilla / 36686.06262
25 . Malta / 33097.62689
26 . Kuwait / 32969.04097
27 . Singapore / 30831.71338
28 . Taiwan / 29228.25184
29 . Bahamas, The / 25631.43794
30 . Slovenia / 23134.16018
31 . Macau / 20541.36316
32 . Israel / 20072.71243
33 . Saint Kitts and Nevis / 19705.4646
34 . Korea, South / 19316.01437
35 . Estonia / 16946.66112
36 . Barbados / 16002.02397
37 . Lebanon / 14214.25184
38 . Antigua and Barbuda / 13196.00149
39 . Latvia / 12977.80016
40 . Aruba / 12817.15422
41 . Czech Republic / 10820.70493
42 . Croatia / 10134.96431
43 . Malaysia / 9593.316861
44 . Hungary / 8951.505795
45 . Saint Lucia / 8598.151834
46 . Slovakia / 8528.209354
47 . Lithuania / 8216.182645
48 . Mauritius / 7259.410838
49 . Grenada / 7251.567683
50 . Chile / 7011.327209
51 . Poland / 6712.068801
52 . Brazil / 6284.616051
53 . Panama / 5892.025946
54 . Oman / 5216.371155
55 . Bulgaria / 4606.723373
56 . Thailand / 4560.714136
57 . South Africa / 4378.982685
58 . Seychelles / 4293.749143
59 . China / 4149.817858
60 . Jordan / 3995.670958
61 . Saint Vincent and the Grenadines / 3991.431905
62 . Maldives / 3905.796626
63 . Syria / 3874.010257
64 . Costa Rica / 3561.456996
65 . Brunei / 3281.89804
66 . Romania / 3279.253632
67 . Belize / 3101.666456
68 . Mexico / 2979.000724
69 . Dominica / 2939.71924
70 . Kazakhstan / 2891.664156
71 . Trinidad and Tobago / 2783.033173
72 . Turkey / 2744.594256
73 . Morocco / 2713.745495
74 . Cape Verde / 2684.679399
75 . Tunisia / 2675.862377
76 . Russia / 2622.084621
77 . Uruguay / 2603.035387
78 . Jamaica / 2538.988962
79 . Serbia / 2509.709881
80 . Venezuela / 2327.815233
81 . Albania / 2246.491437
82 . Bosnia and Herzegovina / 2223.949552
83 . Colombia / 2053.466037
84 . Macedonia / 2004.627627
85 . Ukraine / 1982.477394
86 . Montserrat / 1948.204826
87 . Belarus / 1909.098513
88 . Dominican Republic / 1799.989928
89 . Egypt / 1753.593265
90 . Suriname / 1647.941787
91 . Namibia / 1626.621583
92 . Vanuatu / 1253.895542
93 . Guatemala / 1116.256621
94 . Guyana / 1101.548596
95 . Ecuador / 999.1010149
96 . Azerbaijan / 987.4164186
97 . Samoa / 947.7358885
98 . Honduras / 915.5320809
99 . India / 864.3806129
100 . Philippines / 836.526247
101 . Georgia / 800.5100733
102 . Sri Lanka / 773.7473254
103 . Peru / 743.9004814
104 . Nicaragua / 725.1494984
105 . Indonesia / 691.7174312
106 . Armenia / 667.3398485
107 . Angola / 616.6746866
108 . Mongolia / 616.5447059
109 . Moldova / 556.8480272
110 . Bolivia / 555.7916394
111 . West Bank / 555.4050008
112 . Paraguay / 442.8463096
113 . Djibouti / 372.4700603
114 . Papua New Guinea / 347.5977461
115 . Nigeria / 331.7717745
116 . Eritrea / 327.774913
117 . Bangladesh / 301.3760582
118 . Solomon Islands / 278.872355
119 . Kenya / 277.6725716
120 . Nepal / 213.910281
121 . Zambia / 180.2281766
122 . El Salvador / 165.6178003
123 . Cambodia / 139.2962044
124 . Laos / 121.7673383
125 . Tajikistan / 120.9664526
126 . Comoros / 105.6831261
127 . Sao Tome and Principe / 96.01324061
128 . Tanzania / 80.3195593
129 . Mozambique / 60.68499375
130 . Uganda / 45.22767966
131 . Guinea / 41.96669807
132 . Madagascar / 39.71713152
133 . Burundi / 38.90097389
134 . Swaziland / 38.55110658
135 . Afghanistan / 12.80474843
136 . Togo / 0.111790694

wealthy are those who do not owes the banks a single dime.

i also own my money to the bank…
hutang…hutang…

The best and only strategy to borrow from banks without having to pay back at all is this:
a) never borrow a small sum such as 10k, 50k or even 100k because the lending banks will want their money back if it rains (such as during bad times or when you’re real hard up).

b) get them to lend you amounts like 10millions, 50millions and better still more than 100millions. When you owed banks such sums, they never expect you to pay them back ever provided you just roll over the loans and service the interest charges. If you ever got into difficulty, the bankers will come to rescue you and lend you more. Good luck borrowing.

only stupid businesses pay back all their debts 8)

shall i be allowed a big loan from bank, paying back would be the last priority in my mind, just use the loan money for further business expansion, to secure leverage for obtaining even bigger loans from bank, till i expand big enough to get my company listed on the stock exchange, by that it (public limited company) means limited liabilities for shareholders, after that just gradually sell my shares for big money. whether the company can pay back all loans is little of my concern after that, i a shareholder of publicly listed company am officially protected by law against banks confiscating my property shall the company can’t pay its debts obligations.

Where’s australia on that list?

as long as you can afford paying your debt without making your life difficult, should be ok.

with a stable carrier, of course.

when i compiled the data, the entry of australia is NA (not available), now looking back, it shows the population of australia borrowed $1.625 trillion from the banks as whole. divide it by australian population 22,516,536 you get:

US$72,169.18

would rank in no.12 below belgium

How many of us dreaming of financial freedom?

wait…what??!

are you 100% sure on this?

your opinion contradict the the one posted by mevotex, care to explain moar?

[quote=“EF-JL”]
your opinion contradict the the one posted by mevotex, care to explain moar?[/quote]

It’s because he believes that wealthy people don’t have debts or those who don’t have debts are wealthy people. 8)

Need to give an example:

Lawrence Ellison, CEO of Oracle Corp., is the 6th richest man on earth, worth $27 billion

He reportedly takes out bank loans regularly to purchase private jet, mansion, cars, etc. When asked, he said in overall, only 4% of his net wealth is considered ‘liquid’ (asset that is able to be sold without causing a significant movement in the price and with minimum loss of value), 96% of his net worth are stucked in the company shares he owns, untouchable, and he can’t sell those in masses else Oracle stock price would collapse if he does.

[quote=“mevotex”]only stupid businesses pay back all their debts 8)

shall i be allowed a big loan from bank, paying back would be the last priority in my mind, just use the loan money for further business expansion, to secure leverage for obtaining even bigger loans from bank, till i expand big enough to get my company listed on the stock exchange, by that it (public limited company) means limited liabilities for shareholders, after that just gradually sell my shares for big money. whether the company can pay back all loans is little of my concern after that, i a shareholder of publicly listed company am officially protected by law against banks confiscating my property shall the company can’t pay its debts obligations.[/quote]

Totally agreed without prejudice :lol:

I wonder if there’s any generous/honest businessman in this world?

we all owe money…perhaps

bill gates, warren buffett…most of them are generous…

is there any generous not so weathy people here? or poor? :smiley: