Tuesday, April 7, 2009

4 trillion!

Toxic debt may reach $4 trillion. This is about $650 for each inhabitant of the planet, or about 10% of the income per capita of the planet (which is about $7,000). The income per capita of India is about $700 and that of China $1,700. 

The TOTAL income of China and India is about $3 trillion, if you add up the total income of Spain (about $1 trillion) you get to $4 trillion. (income data are 2005 GNI from the World Bank WDI). 

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