growing national debt

• Debt to capitalist countries was 2.2 billion DM

  1970
• Debt to capitalist countries was 30 billion DM


  1980
• When was debt to capitalist countries over 46 billion DM?

  1989
• The GDR could never exhort enough finance it because of inefficient production techniques and limited demand for its products outside the soviet bloc
• ussr took much of its industrial output, including 85% of machine production
• GDR received 70% of its raw materials from the USSR
• Imports and exports of the GDR

  • Imported western technology financed by credits to be paid later
  • Trading deficit with the ussr was 2.3 billion roubles by 1981
• Importing western technology finance by credits to be paid later

  Debt to capitalist countries doubled between 1977 and 1981 (from 5.6% in 1977 to 13.6% in 1981)