List of countries by external debt
|Rank||Country/Region||Per capita US dollars|
Moreover, what country has the most debt 2020?
1. Japan – 237.7% debt-to-GDP ratio. Japan has the current highest debt-to-GDP ratio at a huge 237.7%.
Furthermore, which countries are debt free?
Singapore and several other (very small) nations are debt-free!
These 10 countries, along with their Debt to GDP ratios, are:
- Macao SAR - 0.
- Hong Kong SAR - 0.1.
- Brunei Darussalam - 2.5.
- Afghanistan - 6.8.
- Estonia - 8.5.
- Dem. Rep. of the Congo - 14.5.
- Solomon Islands - 14.6.
- Botswana - 14.9.
Why is US debt so high?
In general, government debt increases as a result of government spending, and decreases from tax or other receipts, both of which fluctuate during the course of a fiscal year. Historically, the US public debt as a share of gross domestic product (GDP) has increased during wars and recessions, and subsequently declined.
Which country is in debt?
Japan and Greece are the most indebted countries in the world, with debt-to-GDP ratios of 237.6% and 181.8% respectively. Meanwhile, the United States sits in the #8 spot with a 105.2% ratio, and recent Treasury estimates putting the national debt at $22 trillion.