Top ten indebted countries

Top ten indebted countries

Top ten indebted countries

The largest economies in the world are also among the most indebt countries. The long feared sovereign debt crisis is here and puts pressure on all of us. Some of the most reputable economic analysts suggest that this sovereign debt crisis could be much worse than the 2008 financial crisis so many investors play safe these days. Many economies are still in recession and the global economic situation makes the recovery even more difficult. They all are somehow on hold waiting to see what’s next before making another move.

The top ten most indebted countries are as follows:

1. United States: external debt $14,990,000,000,000; debt per capita: $47,568, debt-to-gross domestic product ratio: 99%;

2. United Kingdom – $9,191,100,000,000; debt per capita: $143,320; debt-to-gross domestic product ratio: 400%;

3. Germany – $4,713,000,000,000; debt per capita: $57,755; debt-to-gross domestic product ratio: 142%;

4. France – $ 4,690,000,000,000; debt per capita: $74,619; debt-to-gross domestic product ratio: 182%;

5. Japan – $2,441,000,000,000; debt per capita: $19,145; debt-to-gross domestic product ratio: 45%;

6. Ireland – $2,268,310,000,000; debt per capita: $495,264; debt-to-gross domestic product ratio: 3,616.20%;

7. Italy – $2,223,000,000,000; debt per capita: $36,841; debt-to-gross domestic product ratio: 108%;

8. Spain – $2,166,000,000,000; debt per capita: $47,069; debt-to-gross domestic product ratio: 154%;

9. Luxembourg – $1,994,000,000,000; debt per capita: $3,759,174; debt-to-gross domestic product ratio: 3,440%;

10. Belgium – $1,313,000,000,000; debt per capita: $113,603; debt-to-gross domestic product ratio: 266%;

The country with the highest external debt per capita is Luxembourg. The tiny country with 511,840 residents has a total external debt 34 times higher than the gross domestic product, which means a debt per capita of 3.7 million dollars.

Ireland is the second most indebt country, the total external debt for each Irishman reaching almost half million dollars.

Japan is a special case being the fifth indebt country in the world but has the lowest debt per capita ($19,145) and the smallest debt-to-gross domestic product ratio in the top ten (only 45%).

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