US debt to gdp ratio ess than sinkie's.

[syed putra]

US
The US's $33 trillion debt mountain is bound to grow even larger – and policymakers and legislators can't rely on the economy simply growing its way out of its debt problems, according to the Peter G. Peterson Foundation.

The research group, which is a nonpartisan organization dedicated to monitoring and spreading awareness of fiscal issues facing the US, pointed to the ballooning public debt balance, with the US debt-to-GDP ratio hitting 97% at the end of the 2022.

Sinkie

Singapore Government debt accounted for 171.1 % of the country's Nominal GDP in Jun 2023, compared with the ratio of 167.5 % in the previous quarter. Singapore government debt to GDP ratio data is updated quarterly, available from Mar 1990 to Jun 2023.

https://www.ceicdata.com › indicator

Singapore Government Debt: % of GDP, 1990 – 2023 | CEIC Data​

 

[syed putra]

So why is everyone worried about US debt?

 

[congo9]

While Singapore's gross debt-to-GDP ratio of 168% as at December 2022 (based on 2022 GDP at current price) may appear large on its own, it does not reflect Singapore's financial position.

But Singapore like to explain their debt away. Why is Singaporean feeling the strain on the costs of living ?

 

[eatshitndie]

u.s. gdp in 3rd quarter is 4.9%. must be high stockpile of inventory for halloween, thanksgiving, and christmas plus online shopping with all the deals going on.

 

[ftan42]

US can maintain a high GDP depending on its strong USD where it starts to flow back to the US to invest in its property, financial market, FD, and various money market

 

[birdie69]

While Singapore's gross debt-to-GDP ratio of 168% as at December 2022 (based on 2022 GDP at current price) may appear large on its own, it does not reflect Singapore's financial position.

But Singapore like to explain their debt away. Why is Singaporean feeling the strain on the costs of living ?

Not surprising! with so many expensive hundreds millions dollars public projects in hand just to show positive GDP growth.
Hundreds of thousands of foreign talents remitting money back to Shitland, yet many locals earning money from grab delivery

 

[laksaboy]

Not surprising! with so many expensive hundreds millions dollars public projects in hand just to show positive GDP growth.
Hundreds of thousands of foreign talents remitting money back to Shitland, yet many locals earning money from grab delivery

So desperate, even the Turf Club had to be demolished.

This house of cards will fall. Expect many 烂尾楼 projects, even the govt-linked ones.

 

[GOD IS MY DOG]

US
The US's $33 trillion debt mountain is bound to grow even larger – and policymakers and legislators can't rely on the economy simply growing its way out of its debt problems, according to the Peter G. Peterson Foundation.

The research group, which is a nonpartisan organization dedicated to monitoring and spreading awareness of fiscal issues facing the US, pointed to the ballooning public debt balance, with the US debt-to-GDP ratio hitting 97% at the end of the 2022.

Sinkie

Singapore Government debt accounted for 171.1 % of the country's Nominal GDP in Jun 2023, compared with the ratio of 167.5 % in the previous quarter. Singapore government debt to GDP ratio data is updated quarterly, available from Mar 1990 to Jun 2023.

https://www.ceicdata.com › indicator

Singapore Government Debt: % of GDP, 1990 – 2023 | CEIC Data​

that's why i been saying for ages................CPF will collapse.................followed by default on National Debt..................just hope you're dead before that happens.......

 

[A Singaporean]

If we don't spend how are we going to create an conducive environment for our foreigners ?

 

[Papsmearer]

While Singapore's gross debt-to-GDP ratio of 168% as at December 2022 (based on 2022 GDP at current price) may appear large on its own, it does not reflect Singapore's financial position.

But Singapore like to explain their debt away. Why is Singaporean feeling the strain on the costs of living ?

Of course it does, you dumb ass. Singapore is living on borrowed money. The govt borrows so much money that it's debt is 170% of its annual GDP. It's an astounding money. Someone has to pay the piper down the road. The govt is using devious, illegal and unethical means to eliminate this debt and that is why sinkies are feeling the strain.

 

[Papsmearer]

US
The US's $33 trillion debt mountain is bound to grow even larger – and policymakers and legislators can't rely on the economy simply growing its way out of its debt problems, according to the Peter G. Peterson Foundation.

The research group, which is a nonpartisan organization dedicated to monitoring and spreading awareness of fiscal issues facing the US, pointed to the ballooning public debt balance, with the US debt-to-GDP ratio hitting 97% at the end of the 2022.

Sinkie

Singapore Government debt accounted for 171.1 % of the country's Nominal GDP in Jun 2023, compared with the ratio of 167.5 % in the previous quarter. Singapore government debt to GDP ratio data is updated quarterly, available from Mar 1990 to Jun 2023.

https://www.ceicdata.com › indicator

Singapore Government Debt: % of GDP, 1990 – 2023 | CEIC Data​

I have been bringing this up for a long long time. Singapore is one of the most indebted countries in the world. Surprised the oppos don't mention this at all.

 

[k1976]

US
The US's $33 trillion debt mountain is bound to grow even larger – and policymakers and legislators can't rely on the economy simply growing its way out of its debt problems, according to the Peter G. Peterson Foundation.

The research group, which is a nonpartisan organization dedicated to monitoring and spreading awareness of fiscal issues facing the US, pointed to the ballooning public debt balance, with the US debt-to-GDP ratio hitting 97% at the end of the 2022.

Sinkie

Singapore Government debt accounted for 171.1 % of the country's Nominal GDP in Jun 2023, compared with the ratio of 167.5 % in the previous quarter. Singapore government debt to GDP ratio data is updated quarterly, available from Mar 1990 to Jun 2023.

https://www.ceicdata.com › indicator

Singapore Government Debt: % of GDP, 1990 – 2023 | CEIC Data​

U forgot one very critical point - USD is reserve currency, accountable for 60% of total international reserve and 70% world trade payment

 

[k1976]

I have been bringing this up for a long long time. Singapore is one of the most indebted countries in the world. Surprised the oppos don't mention this at all.

Most are dun know anything wan...u mention liao, they also will not know nor bother to find out

 

[k1976]

that's why i been saying for ages................CPF will collapse.................followed by default on National Debt..................just hope you're dead before that happens.......

No need to collapse...$20 cheekon rice will solve all problem liao

 

[Papsmearer]

Actually, alot of the GDP is fake, because the Pigs Are Pigs include HDB public housing program in the GDP calculations. IMF in the past has already ask them to stop this. Its generally accepted that Government purchases range from spending on infrastructure projects and paying civil service and public service employees, to buying office software and equipment and maintaining public buildings, are all counted in the GDP spending. But where the Pigs Are Pigs is different is that they include HDB constructions as part of the GDP. Because no other country in the world have such an extensive public housing scheme, no country uses this matrix in their GDP calculation. If you take HDB construction out of the equation, the Debt to GDP ratio is much worse, maybe 200%.

They need to do this because for a Minister's KPI, they can double their base salary from bonuses, which include attaining GDP growth. So they just lan lan tear roads up, build new MRT lines and stations, build airport terminals etc. Spend taxpayer money to earn extra million $ salary is ok for them

 

[k1976]

Actually, alot of the GDP is fake, because the Pigs Are Pigs include HDB public housing program in the GDP calculations. IMF in the past has already ask them to stop this. Its generally accepted that Government purchases range from spending on infrastructure projects and paying civil service and public service employees, to buying office software and equipment and maintaining public buildings, are all counted in the GDP spending. But where the Pigs Are Pigs is different is that they include HDB constructions as part of the GDP. Because no other country in the world have such an extensive public housing scheme, no country uses this matrix in their GDP calculation. If you take HDB construction out of the equation, the Debt to GDP ratio is much worse, maybe 200%.

They need to do this because for a Minister's KPI, they can double their base salary from bonuses, which include attaining GDP growth. So they just lan lan tear roads up, build new MRT lines and stations, build airport terminals etc. Spend taxpayer money to earn extra million $ salary is ok for them

GDP is just a measure of bank borrowing under assumption that all borrowing are used in economically productive activities or production.....if u consider condo is a productive asset by all measurement

 

[Papsmearer]

GDP is just a measure of bank borrowing under assumption that all borrowing are used in economically productive activities or production.....if u consider condo is a productive asset by all measurement

Are you fucking stupid? GDP is the Gross DOmestic Product of a country. What has bank borrowing got to do with it?

 

[k1976]

OF CONTENTS
ECONOMY ECONOMICS
Gross Domestic Product (GDP): Formula and How to Use It
Find out how GDP can help measure the health of a country's economy

By JASON FERNANDO Updated September 26, 2023
Reviewed by MICHAEL J BOYLE
Fact checked by PETE RATHBURN
What Is Gross Domestic Product (GDP)?
Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health.

Though GDP is typically calculated on an annual basis, it is sometimes calculated on a quarterly basis as well. In the U.S., for example, the government releases an annualized GDP estimate for each fiscal quarter and also for the calendar year. The individual data sets included in this report are given in real terms, so the data is adjusted for price changes and is, therefore, net of inflation.
1


KEY TAKEAWAYS
Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period.

GDP provides an economic snapshot of a country, used to estimate the size of an economy and its growth rate.

GDP can be calculated in three ways, using expenditures, production, or incomes and it can be adjusted for inflation and population to provide deeper insights.

Real GDP takes into account the effects of inflation while nominal GDP does not.

Though it has limitations, GDP is a key to
ol to guide policymakers, investors, and businesses in strategic decision-making.

 

[Papsmearer]

OF CONTENTS
ECONOMY ECONOMICS
Gross Domestic Product (GDP): Formula and How to Use It
Find out how GDP can help measure the health of a country's economy

By JASON FERNANDO Updated September 26, 2023
Reviewed by MICHAEL J BOYLE
Fact checked by PETE RATHBURN
What Is Gross Domestic Product (GDP)?
Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health.

Though GDP is typically calculated on an annual basis, it is sometimes calculated on a quarterly basis as well. In the U.S., for example, the government releases an annualized GDP estimate for each fiscal quarter and also for the calendar year. The individual data sets included in this report are given in real terms, so the data is adjusted for price changes and is, therefore, net of inflation.
1


KEY TAKEAWAYS
Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period.

GDP provides an economic snapshot of a country, used to estimate the size of an economy and its growth rate.

GDP can be calculated in three ways, using expenditures, production, or incomes and it can be adjusted for inflation and population to provide deeper insights.

Real GDP takes into account the effects of inflation while nominal GDP does not.

Though it has limitations, GDP is a key to
ol to guide policymakers, investors, and businesses in strategic decision-making.

cut and paste this for fuck? don't know how to rebut, say so lah

 

[k1976]

Actually, alot of the GDP is fake, because the Pigs Are Pigs include HDB public housing program in the GDP calculations. IMF in the past has already ask them to stop this. Its generally accepted that Government purchases range from spending on infrastructure projects and paying civil service and public service employees, to buying office software and equipment and maintaining public buildings, are all counted in the GDP spending. But where the Pigs Are Pigs is different is that they include HDB constructions as part of the GDP. Because no other country in the world have such an extensive public housing scheme, no country uses this matrix in their GDP calculation. If you take HDB construction out of the equation, the Debt to GDP ratio is much worse, maybe 200%.

They need to do this because for a Minister's KPI, they can double their base salary from bonuses, which include attaining GDP growth. So they just lan lan tear roads up, build new MRT lines and stations, build airport terminals etc. Spend taxpayer money to earn extra million $ salary is ok for them

IMF Guide to GDP


Theoretically, GDP can be viewed in three different ways:

● The production approach sums the “value-added” at each stage of production, where value-added is defined as total sales less the value of intermediate inputs into the production process. For example, flour would be an intermediate input and bread the final product; or an architect’s services would be an intermediate input and the building the final product.

● The expenditure approach adds up the value of purchases made by final users—for example, the consumption of food, televisions, and medical services by households; the investments in machinery by companies; and the purchases of goods and services by the government and foreigners.

● The income approach sums the incomes generated by production—for example, the compensation employees receive and the operating surplus of companies (roughly sales less costs).

GDP in a country is usually calculated by the national statistical agency, which compiles the information from a large number of sources. In making the calculations, however, most countries follow established international standards. The international standard for measuring GDP is contained in the System of National Accounts, 1993, compiled by the International Monetary Fund, the European Commission, the Organization for Economic Cooperation and Development, the United Nations, and the World Bank.

https://www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/gross-domestic-product-GDP