External Debt of the G7 Countries

The graph below shows the external debt of the G7 countries: Click to enlarge Source: Finance and Development, June 2012, IMF From the G7 Borrowing from Abroad article in the IMF magazine: The United States has the most external debt of the world’s richest countries (the Group of Seven major industrial countries, or G7), but as a …

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How Much Do Americans Pay in Insurance Premiums Each Year?

The insurance industry in the U.S. is dividend into Property & Casualty (P&C) and Life/Health Insurance companies. In other countries, the industry is split into life and non-life or general insurance companies.The insurance industry employs over 2.2 million or about 2% of the total U.S. workforce in the private sector .There were about 2,689 P&C companies and 1,061 Life&Health companies in 2010 …

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The Safest Banks in North America 2012

The Global Finance magazine published their annual ranking of The Safest Banks in North America for 2012 back in March. From the news release: The banks were selected through a comparison of the long-term credit ratings and total assets of the largest banks. Ratings from Moody’s, Standard & Poor’s and Fitch were used. The Safest Banks …

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Market Share of the Global Tourism Industry

Tourism is increasingly becoming a major industry for many countries. International travel is growing in many emerging countries due to rising income levels and easier access to travel abroad. Globally, tourism spending totaled US$1.03 trillion in  2011 for increase of 3.8% over 2010 levels. The top three countries in international tourist arrivals ranked in order are France, …

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Why Unemployment Rate Varies Widely Among Developed Countries

During the great recession between 2006 and 2009 the unemployment rate in advanced countries increased more than in emerging countries. However the change in unemployment between developed countries rates has varied significantly. Some countries  such as Australia and Japan fared better while countries like Spain, Ireland, etc. experienced a strong growth in the unemployment rates. …

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