Which Countries Have The Most Debt?

Who do all countries owe money to?

The debtors can be governments, corporations and private citizens; the creditors include governments, commercial banks and international financial institutions such as the International Monetary Fund and the World Bank..

What country has the worst debt?

United Kingdom. Debt-to-GDP ratio: 119 percent. … France. Debt-to-GDP ratio: 123 percent. … United States. Debt-to-GDP ratio: 127 percent. … Belgium. Debt-to-GDP ratio: 128 percent. … Portugal. Debt-to-GDP ratio: 146 percent. … Italy. Debt-to-GDP ratio: 156 percent. … Greece. Debt-to-GDP ratio: 188 percent. … Japan. Debt-to-GDP ratio: 235 percent.More items…•

Why is Swiss household debt so high?

The main cause of Switzerland’s low indebtedness is a mechanism introduced by the Confederation to stabilise the federal debt: “the debt brake”. Enabled in the Constitution since 2003, with a population approval rate of 85% in 2001, the rule has strong legitimacy and many cantons have introduced similar models.

Which country uses the most credit cards?

Here is a list of the top 9 countries where credit cards are used more than cash:Sweden. Sweden is leading the race to a cashless society. … Canada. … United Kingdom. … United States of America. … France. … Australia. … Japan. … China.More items…•

Which country has the most debt 2019?

List of countries by external debtRankCountry/RegionPer capita US dollars1United States77,0002United Kingdom127,0003Germany65,6004Netherlands265,40077 more rows

Which countries are not in debt?

There are 5 countries who do not have any external debt:Macau.British Virgin Islands.Brunei.Liechtenstein.Palau.

How much is China’s debt?

The national debt (or government debt) of the People’s Republic of China is the total amount of money owed by the government and all state organizations and government branches of China. As of May 2020, it stands at approximately CN¥ 39 trillion (US$ 5.48 trillion), equivalent to about 48.4% of GDP.

What is US household debt?

U.S. household debt tops $14 trillion and reaches new record. (Reuters) – American households added $193 billion of debt in the fourth quarter, driven by a surge in mortgage loans, and overall debt levels rose to a new record at $14.15 trillion, the Federal Reserve Bank of New York said on Tuesday.

Which country has highest household debt?

Advanced economies tend to have higher ratios of household debt to gross domestic production (GDP). Among the economies we study, Australia has the highest household debt-to-GDP ratio (Figure 1), followed by South Korea, Malaysia, and Thailand. China has witnessed the fastest household debt growth.

What country is the richest?

QatarQatar is, by far, the richest country in the world, with a GNI per capita of $116,799 — more than $20,000 higher than any other nation. The country has more in oil reserves than all but two other countries worldwide — equal to 13% of the global supply.

Who owns the debt of the world?

World Debt by CountryRankCountryDebt to GDP#1United States104.3%#2Japan237.1%#3China, People’s Republic of50.6%#4Italy132.2%11 more rows•Nov 14, 2019