top 10 emerging market economies 2012
India, Brazil have Govt debt ratio of 70%
India and Brazil have the highest Government debt ratios at
almost 70 per cent of the gross domestic product (GDP) among top ten emerging market economies.
According to the report of Deutsche Bank, the average Government debt levels of the top 10 emerging market economies, including China, Russia and Indonesia, has halved to 25 per cent, from 50 per cent of GDP since 2000.
Brazil and India are the two countries with the highest government debt ratios at almost 70 per cent of GDP, which is however, still lower than the developed countries' average. Since 2000, the debt metrics of top 10 emerging market (EM) economies have improved very tangibly, while on the other hand debt levels of developed economies (G-7) increased to more than 110 per cent from less than 80 per cent.
During the 1990s, almost all of the ten largest emerging economies (EM-10) suffered financial crises: India (1991), Mexico (1995), Korea and Indonesia (1997), Russia (1998) and Brazil (1998, 2002).
According to the report of Deutsche Bank, the average Government debt levels of the top 10 emerging market economies, including China, Russia and Indonesia, has halved to 25 per cent, from 50 per cent of GDP since 2000.
Brazil and India are the two countries with the highest government debt ratios at almost 70 per cent of GDP, which is however, still lower than the developed countries' average. Since 2000, the debt metrics of top 10 emerging market (EM) economies have improved very tangibly, while on the other hand debt levels of developed economies (G-7) increased to more than 110 per cent from less than 80 per cent.
During the 1990s, almost all of the ten largest emerging economies (EM-10) suffered financial crises: India (1991), Mexico (1995), Korea and Indonesia (1997), Russia (1998) and Brazil (1998, 2002).
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