08 Sep '11, 1pm

Singapore's public debt: US$70k per Singaporean

Singapore's public debt: US$70k per Singaporean

According to the Economist’s global debt clock (see HERE ), Singapore’s public debt is US$214 billion, public debt per person is US$42,265, public debt as percentage of GDP is 102.8 per cent and the total annual debt change is 8.2 per cent. Actually, the public debt per Singaporeans is higher at about US$70,000, because the Economist calculated its figure based on the total population of 5,068,219 which include about 40 per cent of non-Singaporeans. Owe a 2-room HDB to every man, woman and child? Using HDB as a yardstick, US$70,000 (S$84,604) per Singaporean of public debt is like owing a new 2-room HDB flat to each man, woman and child. The United States, which has the largest public debt in the world, in contrast, has a public debt per person of US$28,775, which is less than half of Singapore’s. And Hong Kong and Malaysia’s public debt per person is only US$7,877 and US$...

Full article: http://theonlinecitizen.com/2011/09/public-debt-us70k-per...

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