Quick Answer: What Country Has The Biggest Debt?

Here is a list of the top ten countries with the most national debt:

  • Belgium (National Debt: €399.5 billion ($456.18 billion USD))
  • United States of America (National Debt: $19.23 trillion (USD))
  • Spain (National Debt: €1.09 trillion ($1.24 USD))
  • Singapore (National Debt: $350 billion ($254 billion US))

Which countries have the most debt?

According to the CIA World Factbook, these are the most indebted countries in the world.

  1. The United States (US) The US has a total of 29.27 trillion dollars of external debt, translating to around 45% of the total debt owed.
  2. The United Kingdom (UK)
  3. France.
  4. Germany.
  5. Foreign Debts and the National Economy.

Who has the biggest debt in the world?

8. United States of America. The United States is the world’s largest economy and it also has the highest level of national debt. While its national debt levels exceed the country’s GDP in 2017, in 2007, the U.S. debt-to-GDP ratio was at just 62.5%.

What countries have the most debt 2017?

(Source: “Country List Government Debt to GDP,” Trading Economics, last accessed on March 29, 2017.) Clearly, Japan has become the most indebted country in the world.

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Countries with Highest Debt as Percentage of GDP.

RANK COUNTRY % OF GDP
1 Japan 250.00
2 Greece 176.90
3 Lebanon 139.00
4 Italy 132.70

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Which countries have no debt?

Here are the 17 countries with the lowest level of government debt.

  • 1/11. Kazakhstan — 21.1%.
  • 2/11. Algeria — 20.4%.
  • 3/11. United Arab Emirates —19.3%.
  • 4/11. Nigeria —18.6%.
  • 5/11. Kuwait — 18.6%.
  • 6/11. Russia — 17%.
  • 7/11. Botswana — 13.9%.
  • 8/11. Saudi Arabia — 12.4%.

What happens if the US defaults on its debt?

At its most basic level, a default is when a person or an entity cannot repay a debt on time. This is when the country cannot repay its debt, which typically takes the form of bonds. So if the US were to default, it would essentially stop paying the money it owed US Treasury bond holders.

What country is the richest?

Another common characteristic of the wealthiest nations is all of the 25 richest countries have life expectancies at birth above the world average of 72 years.

  1. Qatar. • GNI per capita: $128,060.
  2. Singapore. • GNI per capita: $90,570.
  3. Brunei Darussalam.
  4. Kuwait.
  5. United Arab Emirates.
  6. Luxembourg.
  7. Switzerland.
  8. Hong Kong SAR.

What country has the most billionaires?

Billionaires by country or dependency

World rank Country Number of billionaires
1 United States 585
2 China 476
3 India 131
4 Germany 114

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Which state has the most debt?

States with the Highest Mortgage Debts

  • Washington, D.C. Although not a U.S state, The District of Columbia is the most expensive place to own a home, and its average residential mortgage debt, at a whopping $406,035, shows exactly why.
  • California.
  • Hawaii.
  • Maryland.
  • Massachusetts.
  • Washington.
  • New Jersey.
  • Virginia.

What country has the lowest debt?

The 20 countries with the lowest national debt in 2017 in relation to gross domestic product (GDP)

National debt in relation to GDP
Nigeria 21.79%
Luxembourg 22.95%
Chile 23.6%
Bulgaria 23.91%

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Who has the most powerful navy in the world?

China (People’s Liberation Army Navy) The People’s Liberation Army Navy has rapidly developed into one of the most powerful navy forces in the world. It has the largest number of major combatants of any navy and has over 250,000 active personnel, a number only second to the US.

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Who does the United States owe money to?

The U.S. debt was $22 trillion as of February 11, 2019. Most headlines focus on how much the United States owes China, one of the largest foreign owners. What many people don’t know is that the Social Security Trust Fund, aka your retirement money, owns most of the national debt.

What countries have defaulted on their debt?

1. Many Countries Have Never Been in Sovereign Default. There are a number of countries that have a pristine record of paying on sovereign debt obligations and have never defaulted. These nations include Canada, Denmark, Belgium, Finland, Malaysia, Mauritius, New Zealand, Norway, Singapore, Switzerland, and England.

What will be the most powerful country in 2050?

In 2050, China is expected to be the world’s richest, and probably the most powerful, economy, with a GDP of $24.62 trillion and a per capita income of $17,759.

  1. Canada. Entree Destinations.
  2. France.
  3. Mexico.
  4. United Kingdom.
  5. Germany.
  6. Japan.
  7. United States.
  8. China.

What country is the poorest?

One of the factors used to determine the richest and poorest countries in the world is by taking a look at each nation’s gross domestic product per capita.

Poorest Countries In Africa 2019

  • Somalia.
  • Central African Republic.
  • Democratic Republic of the Congo.
  • Burundi.
  • Liberia.
  • Niger.
  • Malawi.
  • Mozambique.

What’s the richest country in the world 2018?

The 20 Richest Countries in the World Right Now Might Surprise You

  1. United Arab Emirates.
  2. Kuwait.
  3. Norway.
  4. Ireland.
  5. Brunei.
  6. Singapore.
  7. Luxembourg. Luxembourg has a GDP (PPP) per capita of $112,710.
  8. Qatar. Qatar has a GDP (PPP) per capita of $129,360, making its citizens the richest in the world.

Which country has the highest household debt?

Household debt to GDP – Country rankings: The average for 2014 was 59.33 percent.The highest value was in Denmark: 126.5 percent and the lowest value was in Argentina: 5.9 percent.

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Who owns the world’s debt?

Overall, the world has amassed $247 trillion in debt, with $63 trillion owed by central governments, according to a report put together by Visual Capitalist, a Canadian digital media company. The United States, Japan and China report the biggest shares of overall global debt.

Who owns China’s debt?

With China’s 2014 GDP being US$ 10,356.508 billion, this makes the government debt of China approximately US$ 4.3 trillion. The foreign debt of China, by June 2015, stood at around US$ 1.68 trillion, according to data from the country’s State Administration of Foreign Exchange as quoted by the State Council.

Who owns the United States debt?

Some 70% of the national debt is owned by domestic government, institutions investors and the Federal Reserve. A shade under 30% is owned by foreign entities, according to the latest information from the U.S. Treasury.

How much money does the US owe China 2018?

As of December 31, 2018, debt held by the public was $16.1 trillion and intragovernmental holdings were $5.87 trillion, for a total or “National Debt” of $21.97 trillion. Debt held by the public was approximately 76.4% of GDP in Q3 2018.

What would happen if the national debt was paid off?

If the U.S. paid off its debt there would be no more U.S. Treasury bonds in the world. The U.S. borrows money by selling bonds. So the end of debt would mean the end of Treasury bonds. But the U.S. has been issuing bonds for so long, and the bonds are seen as so safe, that much of the world has come to depend on them.

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