WHAT IS THE POOREST COUNTRY OF THE WORLD ?????????????

Here is the world chartz of the account balance from the CIA itself :

some big surprises toward the end of the chartz ...

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html

oups !!!!!!

WHO MAKES DUPE THREADS ON VGCHARTZ?

This is exports-imports. This doesn't rank wealth, at all. In fact, as current accounts will always, by definition, end up balancing, this implies that in the future, the USA will have one of the largest trade surplusses in the world, and China, the largest trade deficit (either that, or minimal surplus/deficit for very, very, very long periods of time).

This is, in no way, a measure of how rich or poor a country is.

A more sensible measure

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

Also the poorest country in the world is almost certainly Somalia. Only truly, completely, failed state in the world.

That was rather obvious but it has nothing to with 'poor';..

but it is an account ? if it is negative it means you are .... poor because you have money to give back to someone ???

I do not get what u are saying. Wealth ? what are the wealth that US possess outside a debt ?

SORRY for the double THREAD ;((((((

That isn't what a current account it. It's a measure of everything that a country exports, subtracted by everything that the country has imported.

So, if a country exports £250m worth of goods, but imports £300m, they will have a current account deficit of  ... -£50m.

The reason why China's is so high, is because they export loads, and import very little (relatively), and the USA is the reverse - it exports little, and imports lots (indeed, it's one of the largest exporters in the world... but it just imports a fuck-tonne).

But the crucial fact of the matter is that, in the long run the current account always averages £0. That means, over time, the amount of imports will always be equal to the amount of exports (I won't go into the economics of why, unless somebody asks). This means that, at some point in the future (probably between 20-30 years away), the USA will begin exporting more stuff than it imports, and China will begin importing more stuff than it exports.

Thus, both China's and USA's surplus/deficit will shrink to £0.

Us citizen rents 200.000$ to buy a house.
Tunesiant Citizen rents 10.000$ to buy a house..

Does that make the Us citizen more poor???

Debt has hardly anything to do about being poor.  Having debt means that you need to cut some of your expenses if it is not possible to pay it back.