GDP Vs DEBT. BANGLADESH Vs SRI LANKA. General View Point In April 2022

GDP Vs DEBT. BANGLADESH Vs SRI LANKA. General View Point In April 2022

Getting a clear picture about debt-to-gdp ratio is not an easy task as I started searching in the internet research articles and topics. Found out what it means is The?debt-to-GDP ratio?is the?ratio?of a country's public?debt?to its?gross domestic product?(GDP).

Some self-explanatory numbers about this topic:

As per fortune.com Sri Lanka's?current?debt-to-GDP?ratio has skyrocketed in recent years, increasing from 42% in 2019 to 104% in 2021

As per statista, In 2019, the national?debt?of?Sri Lanka?amounted to around 64.23?billion?U.S.?dollars

The?Gross Domestic Product?(GDP) in?Sri Lanka?was worth 80.71?billion?US?dollars?in 2020, according to official data from the World Bank.

Now Whats The Situation of Bangladesh?

The?gross domestic product?(GDP) of?Bangladesh?grew to 323.06?billion dollars?in 2020.

Bangladesh?Outstanding External?Debt?is projected to trend around 45.00?USD Billion?in 2022 and 40.00?USD Billion?in 2023

https://tradingeconomics.com/bangladesh/external-debt

What countries have the largest debt in the world? Here is a list of the top ten countries with the most national debt:

1. Japan?(National Debt: ￥1,028 trillion ($9.087 trillion USD))
2. Greece?(National Debt: €332.6 billion ($379 billion US))
3. Portugal?(National Debt: €232 billion ($264 billion US))
4. Italy?(National Debt: €2.17 trillion ($2.48 trillion US))
5. Bhutan?(National Debt: $2.33 billion (USD))
6. Cyprus?(National Debt: €18.95 billion ($21.64 billion USD))
7. Belgium?(National Debt: €399.5 billion ($456.18 billion USD))
8. United States?of America (National Debt: $19.23 trillion (USD))
9. Spain?(National Debt: €1.09 trillion ($1.24 USD))
10. Singapore?(National Debt: $350 billion ($254 billion US))

https://worldpopulationreview.com/countries/countries-by-national-debt

Personal View:

By looking at Srilankan economic crisis, inflation, failing government initiatives, wrong strategy, poor strategic initiative surrounding the country economy and many more weaker policy, process, financial protection system, failing accountability, failed transparency, intelligence etc have not worked in favor of many country citizens. My simple view says, common people like me don’t even control any of those trigger rather they are victims of wrong policy makers whom they trusted to run the country by casting their votes in favour of a political party.

After getting the authority to rule the country, elected representatives are doing whatever they feel better for them and in favor of them. One general question is why intellectual people cannot make a greater contribution in terms of posting continuous warning signs? Why they system do not listen to the signals that it must listen in order to safe guard their common interest? Why governments cannot control them from being a failure and give a miserable life to its common citizens? List is really long !

Now as you can see below, All the red market countries in the global map, are in higher debt to gdp ratio and other color marked countries who are considered as doing better in terms of debt to gdp ration. Yet many of the red marked countries are doing really well in terms of providing better work opportunities, better life to its citizens. Surely it is confusing to many of us who do not know much about economic terminology but we surely can feel the quality of life as we travel around the globe. . .

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https://worldpopulationreview.com/country-rankings/debt-to-gdp-ratio-by-country

Now question is … Whether Bangladesh is heading towards similar failure like Srilanka? If so, what can be done to save Bangladesh and its people from facing the same difficulties? What steps are we taking and how we are becoming different than Srilanka? Surely … winning over discussions and confrontations through better knowledge and data would not help. Hiding and falsifying data presentation will not give a solution rather only patriotic steps can give a good direction. People with greater knowledge in this are can submit proposals to government and massive discussion in various forum can take place frequently, Close monitoring and restricting all parties involved from taking riskier steps shall give life saving solutions. Its not so called research but it’s a feeling about life and future, future of common people who suffers the most !?

Wondering who is more luckier in their own country and how our fate determines what is coming next?

Now have a Look at top vs low 12 country and think what mattered most for the leaders of respective country to make critical decision and provide a better life to its citizen? How indicative it is to consider Debt vs GDP? What support system and resources reserved in each country making them different than one another?

Top 12 Countries with the Highest Debt-to-GDP Ratios (%)

1. Venezuela?— 350%
2. Japan?— 266%
3. Sudan?— 259%
4. Greece?— 206%
5. Lebanon?— 172%
6. Cabo Verde — 157%
7. Italy?— 156%
8. Libya?— 155%
9. Portugal?— 134%
10. Singapore?— 131%
11. Bahrain?— 128%
12. United States?— 128%

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Top 12 Countries with the Lowest Debt-to-GDP Ratios (%)

1. Brunei?— 3.2%
2. Afghanistan?— 7.8%
3. Kuwait?— 11.5%
4. Congo (Dem. Rep.) — 15.2%
5. Eswatini?— 15.5%
6. Burundi?— 15.9%
7. Palestine?— 16.4%
8. Russia?— 17.8%
9. Botswana?— 18.2%
10. Estonia?— 18.2%

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