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Great Mike
02-04-2007, 04:34 AM
I'd like to know the German public debt from 1996 to 2006. I don't mind if it's expressed in dollars or GDP percentage. Can someone enlighten me?

Edit: Year by year, if it's possible.

wheelchairman
02-04-2007, 05:25 AM
Sure I can help you, I just wrote a report on this. :)

In 1996 the German public debt was rather average, the burden of East Germany and the EU hadn't fully hit yet. So in 1996 the Public debt was only $920,000,000

In 1997 the debt had only risen by a little bit more, the balance had been budgeted by the efficient German government. And we can see this in the minor change where the debt was now $931,700,000.

1998 was saw a new administration for the German people. It was a right wing government that got rid of a lot of the Public expenditures. The Public Debt was as low as it had ever been at $892,000,000.

1999 talks were started with certain countries bordering the EU and the German government considered spending more on EU-related activities, this is the major bulk of the rise in expenditures that we see. Where the debt then rose to $898,000,000

2000 was a very tough time for the German economy. The East Germans had very little money now and were unable to get jobs. Consumerism went down the crapper, and the German government was forced to spend less due to less revenue from taxes. Clearly seen with the new total debt of: $895,000,000

2001 was the last year of the right wing German government, and the midterm elections in the Reichstag had made the current government completely impotent. Spending stayed the same: $895,000,000

2002 was election year and a Social Democrat government under Schroeder was elected into power. Their platform of more welfare for everybody meant a significant increase in spending, especially with regards to the East Germans who recieved by far, the most of it. Debt had risen to was $983,000,000 due to increased spending.

2003 was not particularly eventful however. There was a slight increase in spending where more money was allotted to the EU budget. As seen with the new numbers: $995,000,000

2004 saw an enormous increase in spending due to the entry of the 15 new countries in the EU. This is coupled with an increased spending on welfare, so the German Public Debt finally rose to over a billion dollars. It was $1,132,000,000

2005 saw still more increases on money put aside for the EU due to the entry of the 15 new nations and the extra costs there in. So the Public Debt had a slight rise to $1,210,000,000.

2006 was an election year that was very eventful. The German cabinet could not sustain itself, so no changes were made and the loan was only increased by a little bit, at the end when a functioning cabinet was created. So here we see the final debt: $1,230,000,000

Compared to 1996, we see that in ten years they had nearly increased their debt by 100,000,000. Which in terms of debt, is quite a lot. I hope this helped. :)

Great Mike
02-04-2007, 05:50 AM
Thank you, very appreciated.

Great Mike
02-04-2007, 08:00 AM
For better understanding of this data I'd also like to see the GDP of these years (I gooled but I couldn't find acurate info).

Thanks in advance

wheelchairman
02-04-2007, 08:59 AM
Alright here you go:

1996: 68.1%
1997: 69.6%
1998: 64.2%
1999: 65.7%
2000: 64.9%
2001: 64.8% (the difference is because the GDP was different for these two years, even though the spending was the same.)
2002: 72.5%
2003: 73.7%
2004: 75.6%
2005: 76.3%
2006: 76.9%

I hope this helps. :)

TheUnholyNightbringer
02-04-2007, 09:02 AM
Explain how?

TheUnholyNightbringer
02-04-2007, 09:06 AM
Geographical and economical, not political.

Great Mike
02-04-2007, 09:19 AM
Alright here you go:

1996: 68.1%
1997: 69.6%
1998: 64.2%
1999: 65.7%
2000: 64.9%
2001: 64.8% (the difference is because the GDP was different for these two years, even though the spending was the same.)
2002: 72.5%
2003: 73.7%
2004: 75.6%
2005: 76.3%
2006: 76.9%

I hope this helps. :)


Thank you again, but I fail to understand what these percentages mean. Ie: in 2006 the public debt was 1,230,000,000 and the GDP was 2,446,000,000 (acording to wikipedia) this is a 50%, not a 77% as you stated.
Maybe you meant something different, could you help me once again?

wheelchairman
02-04-2007, 09:24 AM
It's because I have adjusted it according to inflation. So the base year is 1996. Wiki probably used an earlier base year, or a later one. This makes it very different.

Great Mike
02-04-2007, 09:27 AM
It's because I have adjusted it according to inflation. So the base year is 1996. Wiki probably used an earlier base year, or a later one. This makes it very different.

Oh, I see. Thank you for this info, it's been pretty useful for me.

Lodat225
02-04-2007, 09:30 AM
Oh, I see. Thank you for this info, it's been pretty useful for me.

You're welcome. :)

Great Mike
02-04-2007, 09:47 AM
You're welcome. :)

I'm considering to tattoo you nick in my forearm... provably with a heart.

@weelchairman: are you studying first year economics? Because it's a big coincidence to have to write down a report about the same.

wheelchairman
02-04-2007, 10:00 AM
I did last semester. I chose to write my essay about Germany's budget, which obviously involves these things. I just cut out the parts that wouldn't be relevant to you. I hope it helped!

wheelchairman
02-05-2007, 03:43 PM
Man I can't wait to see his grades.

Mota Boy
02-05-2007, 04:28 PM
He may not have learned about Germany, but at least he learned a valuable life lesson.

Great Mike
02-06-2007, 10:07 AM
Man I can't wait to see his grades.

It was part of a comparison between UK, Argentina, USA and Germany, so I don't know till which point it affects the final mark of the essay. I'll say the grades when I'll get them.


He may not have learned about Germany, but at least he learned a valuable life lesson.

To trust the strangers? He already explained why his numbers are different from the wikipedia ones: he suppressed the inflation from the %s.

Sin Studly
02-06-2007, 05:22 PM
Antes roja que rota.

Great Mike
02-07-2007, 02:37 AM
Antes roja que rota.

Germany? It's somehow a famous quote?

Sin Studly
02-07-2007, 02:45 AM
Fuck you, Catalan.

Vera
02-07-2007, 11:46 AM
I love this BBS for topics such as this one.

wheelchairman
03-03-2007, 01:31 PM
So Great Mike, what's the grade on my completely made up numbers?

wheelchairman
03-03-2007, 01:41 PM
No, but I handed them in anyways because your parts usually got higher grades than the ones I handed in myself. So that was actually pretty awesome.

EDIT: Although my teacher was looking for good french. I don't think checking facts was ever a relevant part of the grade.

wheelchairman
03-03-2007, 01:49 PM
Mostly because I wanted to see if I could. It may be mean you have to wonder, how lazy can a person be if they even found the same numbers on wikipedia, and yet believed me over wikipedia?

wheelchairman
03-03-2007, 01:57 PM
If it was an important assignment do you think he'd be taking it so lightly?

Great Mike
03-04-2007, 12:52 PM
So Great Mike, what's the grade on my completely made up numbers?

An 8.
This
It's because I have adjusted it according to inflation. So the base year is 1996. Wiki probably used an earlier base year, or a later one. This makes it very different.

and this
Man I can't wait to see his grades.betryed you.

Great Mike
03-04-2007, 12:54 PM
BTW: the % was very well invented, because it mached the GDP pretty well.