- This is a list of the gross National debt that countries have. National debt refers to the amount of total government debt a country has. This is also referred to as ‘public sector debt’.
- It is compiled using data from the IMF, Eurostat and CIA agencies.
- Note: National debt is different to ‘External debt‘ – External debt includes all the debts a country (both private and public sector) owe to foreigners.
- Note: You may see slightly different figures for government debt levels, depending how it is measured. For example,
- Gross US debt is 102.9% in 2011. Net US debt was 67.8%
- UK national debt is listed by government as 67% of GDP in 2012. But, using this gross measure it is 82.5%
List of National Debt by Country
General gross government debt. Mostly using IMF stats from April 2012.
| Country |
Debt % GDP
|
Year
|
Read More
|
||
|
1
|
Japan |
229.8
|
2011
|
IMF
|
|
|
2
|
Greece |
163.3
|
2011
|
IMF
|
|
|
3
|
Jamaica |
139.0
|
2011
|
IMF
|
|
|
4
|
Lebanon |
136.2
|
2011
|
IMF
|
|
|
5
|
Eritrea |
133.8
|
2011
|
IMF
|
|
|
6
|
Italy |
120.1
|
2011
|
IMF
|
|
|
7
|
Barbados |
117.3
|
2011
|
IMF
|
|
|
8
|
Portugal |
106.8
|
2011
|
IMF
|
|
|
9
|
Ireland |
105.0
|
2011
|
IMF
|
|
|
10
|
United States |
102.9
|
2011
|
IMF
|
|
|
11
|
Singapore |
100.8
|
2011
|
IMF
|
|
|
12
|
Iceland |
99.2
|
2011
|
IMF
|
|
|
13
|
Belgium |
98.5
|
2011
|
IMF
|
|
|
14
|
Mauritania |
92.4
|
2011
|
IMF
|
|
|
15
|
Côte d’Ivoire |
90.5
|
2011
|
IMF
|
|
|
16
|
Iraq |
86.9
|
2011
|
IMF
|
|
|
17
|
Grenada |
86.6
|
2011
|
IMF
|
|
|
18
|
France |
86.3
|
2011
|
IMF
|
|
|
19
|
Canada |
85.0
|
2011
|
IMF
|
|
|
20
|
United Kingdom |
82.5
|
2011
|
IMF
|
|
|
21
|
Bhutan |
82.0
|
2011
|
IMF
|
|
|
22
|
Germany |
81.5
|
2011
|
IMF
|
|
|
23
|
Hungary |
80.4
|
2011
|
IMF
|
|
|
24
|
Belize |
80.3
|
2011
|
IMF
|
|
|
25
|
Sri Lanka |
79.0
|
2011
|
CIA
|
|
|
26
|
Cape Verde |
77.6
|
2011
|
IMF
|
|
|
27
|
Egypt |
76.4
|
2011
|
IMF
|
|
|
28
|
Israel |
74.3
|
2011
|
IMF
|
|
|
29
|
Sudan |
73.1
|
2011
|
IMF
|
|
|
30
|
Austria |
72.2
|
2011
|
IMF
|
|
|
31
|
Guinea |
72.2
|
2011
|
IMF
|
|
|
32
|
Nicaragua |
72.0
|
2011
|
IMF
|
|
|
33
|
Cyprus |
71.8
|
2011
|
IMF
|
|
|
34
|
Malta |
70.9
|
2011
|
IMF
|
|
|
35
|
Zimbabwe |
70.3
|
2011
|
IMF
|
|
|
36
|
Dominica |
69.9
|
2011
|
IMF
|
|
|
37
|
Jordan |
69.8
|
2011
|
IMF
|
|
|
38
|
The Gambia |
68.8
|
2011
|
IMF
|
|
|
39
|
Spain |
68.5
|
2011
|
IMF
|
|
|
40
|
India |
68.1
|
2011
|
IMF
|
|
|
41
|
Netherlands |
66.2
|
2011
|
IMF
|
|
|
42
|
Brazil |
66.2
|
2011
|
IMF
|
|
|
43
|
Guyana |
61.8
|
2011
|
IMF
|
|
|
44
|
Pakistan |
60.1
|
2011
|
IMF
|
|
|
45
|
Sierra Leone |
60.0
|
2011
|
IMF
|
|
|
46
|
Albania |
58.9
|
2011
|
IMF
|
|
|
47
|
Poland |
55.4
|
2011
|
IMF
|
|
|
48
|
Morocco |
54.4
|
2011
|
IMF
|
|
|
49
|
Uruguay |
54.2
|
2011
|
IMF
|
|
|
50
|
Fiji |
53.9
|
2011
|
IMF
|
|
|
51
|
Malaysia |
52.6
|
2011
|
IMF
|
|
|
52
|
Kyrgyz Republic |
52.4
|
2011
|
IMF
|
|
|
53
|
El Salvador |
50.8
|
2011
|
IMF
|
|
|
54
|
Mauritius |
50.6
|
2011
|
IMF
|
|
|
55
|
Belarus |
50.2
|
2011
|
IMF
|
|
|
56
|
Norway |
49.6
|
2011
|
IMF
|
|
|
57
|
Kenya |
48.9
|
2011
|
IMF
|
|
|
58
|
Switzerland |
48.6
|
2011
|
IMF
|
|
|
59
|
The Bahamas |
48.6
|
2011
|
IMF
|
|
|
60
|
Finland |
48.6
|
2011
|
IMF
|
|
|
61
|
Serbia |
47.9
|
2011
|
IMF
|
|
|
62
|
Slovenia |
47.3
|
2011
|
IMF
|
|
|
63
|
Denmark |
46.4
|
2011
|
IMF
|
|
|
64
|
Montenegro |
45.8
|
2011
|
IMF
|
|
|
65
|
Croatia |
45.6
|
2011
|
IMF
|
|
|
66
|
Venezuela |
45.5
|
2011
|
IMF
|
|
|
67
|
Slovak Republic |
44.6
|
2011
|
IMF
|
|
|
68
|
Tanzania |
44.4
|
2011
|
IMF
|
|
|
69
|
Myanmar |
44.3
|
2011
|
IMF
|
|
|
70
|
Argentina |
44.2
|
2011
|
IMF
|
|
|
71
|
Mexico |
43.8
|
2011
|
IMF
|
|
|
72
|
Ghana |
43.4
|
2011
|
IMF
|
|
|
73
|
Malawi |
42.5
|
2011
|
IMF
|
|
|
74
|
Tunisia |
42.4
|
2011
|
IMF
|
|
|
75
|
Thailand |
41.7
|
2011
|
IMF
|
|
|
76
|
Czech Republic |
41.5
|
2011
|
IMF
|
|
|
77
|
Central African Rep. |
40.9
|
2011
|
IMF
|
|
|
78
|
Taiwan |
40.8
|
2011
|
IMF
|
|
|
79
|
Bosnia – Herzegovina |
40.6
|
2011
|
IMF
|
|
|
80
|
Senegal |
40.6
|
2011
|
IMF
|
|
|
81
|
Philippines |
40.5
|
2011
|
IMF
|
|
|
82
|
Turkey |
39.4
|
2011
|
IMF
|
|
|
83
|
Lithuania |
39.0
|
2011
|
IMF
|
|
|
84
|
South Africa |
38.8
|
2011
|
IMF
|
|
|
85
|
Vietnam |
38.0
|
2011
|
IMF
|
|
|
86
|
Panama |
37.8
|
2011
|
IMF
|
|
|
87
|
Latvia |
37.8
|
2011
|
IMF
|
|
|
88
|
Sweden |
37.4
|
2011
|
IMF
|
|
|
89
|
Ethiopia |
37.3
|
2011
|
IMF
|
|
|
90
|
New Zealand |
37.0
|
2011
|
IMF
|
|
|
91
|
Ukraine |
36.5
|
2011
|
IMF
|
|
|
92
|
Bahrain |
36.5
|
2011
|
IMF
|
|
|
93
|
Tajikistan |
35.3
|
2011
|
IMF
|
|
|
94
|
Burundi |
35.3
|
2011
|
IMF
|
|
|
95
|
Armenia |
35.1
|
2011
|
IMF
|
|
|
96
|
Colombia |
34.7
|
2011
|
IMF
|
|
|
97
|
Korea |
34.1
|
2011
|
IMF
|
|
|
98
|
Nepal |
34.1
|
2011
|
IMF
|
|
|
99
|
Bangladesh |
33.9
|
2011
|
CIA
|
|
|
100
|
Georgia |
33.9
|
2011
|
IMF
|
|
|
101
|
Hong Kong |
33.9
|
2011
|
IMF
|
|
|
102
|
Mozambique |
33.2
|
2011
|
IMF
|
|
|
103
|
Romania |
33.0
|
2011
|
IMF
|
|
|
104
|
Bolivia |
32.9
|
2011
|
IMF
|
|
|
105
|
Chad |
32.2
|
2011
|
IMF
|
|
|
106
|
Rep. Congo |
32.0
|
2011
|
IMF
|
|
|
107
|
Qatar |
31.5
|
2011
|
IMF
|
|
|
108
|
Benin |
31.3
|
2011
|
IMF
|
|
|
109
|
Angola |
30.9
|
2011
|
IMF
|
|
|
110
|
Costa Rica |
30.8
|
2011
|
IMF
|
|
|
111
|
Mali |
30.6
|
2011
|
IMF
|
|
|
112
|
Burkina Faso |
29.4
|
2011
|
IMF
|
|
|
113
|
Dominican Republic |
29.3
|
2011
|
IMF
|
|
|
114
|
Uganda |
29.2
|
2011
|
IMF
|
|
|
115
|
Cambodia |
28.6
|
2011
|
IMF
|
|
|
116
|
Honduras |
28.1
|
2011
|
IMF
|
|
|
117
|
Macedonia |
28.1
|
2011
|
IMF
|
|
|
118
|
Zambia |
26.1
|
2011
|
IMF
|
|
|
119
|
China |
25.8
|
2011
|
IMF
|
|
|
120
|
Indonesia |
25.0
|
2011
|
IMF
|
|
|
121
|
Guatemala |
24.1
|
2011
|
IMF
|
|
|
122
|
Rwanda |
23.4
|
2011
|
IMF
|
|
|
123
|
Moldova |
23.4
|
2011
|
IMF
|
|
|
124
|
Australia |
22.9
|
2011
|
IMF
|
|
|
125
|
Solomon Islands |
22.6
|
2011
|
IMF
|
|
|
126
|
Republic of Congo |
22.2
|
2011
|
IMF
|
|
|
127
|
Namibia |
21.9
|
2011
|
IMF
|
|
|
128
|
Peru |
21.6
|
2011
|
IMF
|
|
|
129
|
Luxembourg |
20.8
|
2011
|
IMF
|
|
|
130
|
Suriname |
20.6
|
2011
|
IMF
|
|
|
131
|
Gabon |
20.5
|
2011
|
IMF
|
|
|
132
|
Niger |
18.9
|
2011
|
IMF
|
|
|
133
|
Ecuador |
18.0
|
2011
|
IMF
|
|
|
134
|
Nigeria |
17.9
|
2011
|
IMF
|
|
|
135
|
Swaziland |
17.5
|
2011
|
IMF
|
|
|
136
|
Botswana |
17.3
|
2011
|
IMF
|
|
|
137
|
Bulgaria |
17.0
|
2011
|
IMF
|
|
|
138
|
United Arab Emirates |
16.9
|
2011
|
IMF
|
|
|
139
|
Turkmenistan |
15.4
|
2011
|
IMF
|
|
|
140
|
Liberia |
13.9
|
2011
|
IMF
|
|
|
141
|
Paraguay |
13.7
|
2011
|
IMF
|
|
|
142
|
Cameroon |
12.9
|
2011
|
IMF
|
|
|
143
|
Iran |
12.7
|
2011
|
IMF
|
|
|
144
|
Kazakhstan |
10.9
|
2011
|
IMF
|
|
|
145
|
Haiti |
10.6
|
2011
|
IMF
|
|
|
146
|
Azerbaijan |
10.2
|
2011
|
IMF
|
|
|
147
|
Algeria |
9.9
|
2011
|
IMF
|
|
|
148
|
Chile |
9.9
|
2011
|
IMF
|
|
|
149
|
Russia |
9.6
|
2011
|
IMF
|
|
|
150
|
Uzbekistan |
9.1
|
2011
|
IMF
|
|
|
151
|
Equatorial Guinea |
8.4
|
2011
|
IMF
|
|
|
152
|
Saudi Arabia |
7.5
|
2011
|
IMF
|
|
|
153
|
Kuwait |
7.3
|
2011
|
IMF
|
|
|
154
|
Estonia |
6.0
|
2011
|
IMF
|
|
|
155
|
Madagascar |
5.7
|
2011
|
IMF
|
|
|
156
|
Oman |
5.1
|
2011
|
IMF
|
Sources:
- CIA factbook – National debt by Country
- Public debt, International Monetary Fund, April 2012
- Eurostat pdf.
Some selected levels of Public Sector debt in different countries:
- US Net Debt -is $11 trillion or 70% of GDP 2012 . US Gross debt is $15tn 102% of GDP.
Gross debt includes funds held by government itself e.g. social security. Net debt (60% of GDP) below excludes this.( US Debt) - Japan National Debt 228% of GDP 2011 (Japan national debt)
- Italy National Debt 123% of GDP 2012 (Italy debt)
- Canada National debt gross debt 85% of GDP(2012) – In Canada there are two measures. Net federal debt involves only central government. (38% of GDP).
- UK National Debt 67% of GDP (UK) See (UK national debt for more details.)
Further Reading
- Why is Japan able to borrow so much at low interest rates?
- How much can a government borrow?
- Euro Debt crisis explained
- National Debt, printing money and inflation
Annual Government Borrowing
An important factor is not just cumulative national debt, but, the annual budget deficit. This annual deficit determines the rate of deterioration in the public sector debt.
The budget deficit is the total amount the government needs to borrow in a particular year.
Budget Deficits by Country in 2012

This shows that the US has one of the highest budget deficits in the world.
External Debt
A different statistics is external debt, this the amount of debt a country owes to other countries. It includes both the private and public sector debt. See: list of external debt by country
Credit Ratings
Readers Question






The interesting thing on this List is not the countries on Top, but the bottom line.
This is the reason Gaddafi was killed. It’s as easy. The new Government in Libya immidiately installed another Banking system and now Libya is fucked like the Rest of us, working for Banks 24/7 cause of excessive interest.
This website can not be serious!
These data are not serious!
Greece is the worst, and it is the Greeks fault because they don’t pay their taxes.
And Italians are the second worst because they are lazy and talk too much instead of working.
And Spanish are the 3rd worst because they have siesta.
Germans, British, Americans, and Japanese are hard working, pay their taxes, and also more intelligent and superior.
Therefore it is not possible Greeks and Italians having much less debt in net numbers in comparison to UK and Germany.
If Greece has 160 b without paying taxes
And UK has 1.3 tri by working hard
And Germany has 2.6 tri by working hard and paying taxes
it doesn’t make sense…
The numbers are fake!
the thing is, just because germany the uk the usa and japan are more productive, they can loan more, so they are able to have a more bloated state leeching of the productive. hence im an anarchist
Greeks according to OAECD are the most hard workers within EU..they work much more than the Germans on a weekly basis…So do the Portuguese…Debt hasnt got to do with lazyness..and Yes Japan and USA have the largest debts in the world..and it doesnt surprise me at all
You are not being a bit racist here? You maybe forgetting the actual number of people that live (or bludge, according to you) in the countries you decided to denegrate.
I don’t know who you are but I can tell from your comments that your country IQ, whatever it is now, will improve once you leave.
Many morons who write on these boards do not do any research in the case of the USA 54% of taxes collected is directed to the American WAR Machine the Countries that you wrote about were sucked in to support the war in Iraq taking valuable money from the very needy to support you are either with us or you are against us, the IMF is good at assisting countries into debt watch these youtube videos and educate your self.
http://www.youtube.com/watch?v=oARBdBtGenM
Http://www.youtube.com/watch?v=yTbdnNgqfs8
http://www.youtube.com/watch?v=GAqG51uwzMI&feature=related
so true, italians are so lazy and arrogant. They stick to their mamas bums.
No the numbers say the truth. Everyone cuts paper for money without giving any excuse and all the borrowers must pay their taxes. U.S Germany and U.K are the worst governments in the planet and we have to pay for their sins!!! That is the truth!!!
You know I am surprised that the U.S. is not higher on this list. We know Greece has been in the news recently for economic troubles. Japan though was a shocker!
Canada’s total public debt is in the 80%. The difference between the 34% and the 84% shown in the 2 sources is the provincial debts. Canada’s federal system is decentralized. The provinces assume now approximately 75% of health costs with little control, a bit like in the US, and with the population getting older, they make huge deficits.
The federal Canadian government increases its debt by 5 billion $ per month as of the summer 2011. Quebec, a province representing about 22% of Canadian GDP adds 10 billion $ a year currently.
In total, public debt increases between 5 to 6% of Canadian GDP per year at the current rhythm.
Who gives a Ducks Dick were you are on the list, you should be worried about what you are going to do when you wake up one morning to find your life savings have been turned into government Bonds or food stamps, or you might need to take a wheel barrow to the bank to take home enough money to feed the family for a day.
I meen Cambodia….
I do not ac acambodia on the list…..do they have NO dept?????
If all the countries are in debt ……… then no one is in debt…. lol
http://www.guardian.co.uk/commentisfree/2011/jul/09/greece-debtocracy
It’s funny that the US only has a 58.9% debt… The IMF came up with 92.7% debt for the US in 2010!!! 92.7!! But then again I think these numbers would ruin US’ plan to make the dollar strong again, since they are using this very excuse to come after Greece, Ireland and Portugal and, by consequence, the Euro. Somehow (not surprisingly) the country with the greatest debt in the history of this planet, manages to get (near) top marks from the rating agencies that control the market (lets not forget the nationality of said agencies…). You (US) are trying to take the EURO down, but I believe sooner rather than later Europe is going to open its eyes and finally see you for what you really are: a bunch of selfish bastards that will stop at nothing to get richer, even if it means destroying entire economies, entire countries.
When all countries have a national debt, a public debt,external debt, just who do they owe this debt to? if it is each other they are all in debt so borrowing from one to another makes no sense except to increase the existing debt.
One would assume that the basis for credit creation the multiple upon a real unemcumbered deposit has disapeared and been replaced with debt upon debt, and as all new loans are new money this also means credit creation upon saturated debt, a bubble of world wide debt waiting for the pinprick.
How is it that Bulgaria have got such a low Public Debt???????? I mean, most countries that low have vast natural resources, or have taxed so much that they have been achieving little or negative growth, but look at http://www.indexmundi.com/bulgaria/public_debt.html and you see that they were lowering public debt and achieving growth at the same time…. MAKES NO SENSE!!!!!
Know about indonesia??
If almost every nation has a deficit, can’t that debt be offset to some world credit system that allows each country to pay it back, interest free, over say 100 years?
The burden of debt on today’s world population is far too big for us to pay off in our lifetime. There is so much poverty in the world and yet we have the people, skills and materials to fix that – we just don’t have the money!
I thought the World Bank or the IMF was there to help countries balance their budgets, but I guess they too have run out of money.
There must be a fix for this; after all it’s just numbers in a computer.
a. Why is debt related to GDP?
An employees debt is not related to their employers income.
The important factor is government income to expenditure i.e. the deficit.
b. the ‘national debt’ should be government, business and private debt.
That would provide a different picture, and the reason why they do not publish it.
External debts is what your government borrows from other countries. GDP is what your country produces. The ratio of what you owe others and what you produce is the same as the ratio of what you earn versus the loan you have with the bank. If you borrow $1000 from the bank and you earn $100 then the ratio of debt to income is 10 (1000/100). The relationship you had between your salary and employer’s debt is not a valid one.
I find it very interesting that libya is on the bottom on this list. Libya is one of the richest countries in Africa and has almost no debt. I cant help thinking that the UN (which is closely related to the world bank) are bombing libya for much more sinister reasons than “saving civilians”. I predict they wont be at the bottom on this chart for much longer.
why is the goverment not doin anything about crime:?
When are people in this world going to wake up and realize the banks own them? Dept is money and money is created from dept, no dept, no printing. Once upon a time money was linked to finite assets i.e. gold, silver, rice etc. Now Global banks dictate how much money is in circulation which it creates from thin air and issued as government bonds, which is then lent to national banks who fractionalize that out at 25:1, functioning more money creation, which is paid back in real assets plus usury (interest). If all worlds’ currencies were based on real assets how could the whole word be in dept? It couldn’t. Put this way, if you owned all the gold in the world and loan some out how could you possible gain usury in gold? You couldn’t because you already own it all. Solution, print more money, bankers get richer and the working class feed them.
All debts are owed to somone (or something). If you add all the national debts and subtract the national surpluses (and do not include the domestic loans from the members of the states to their own state) you still wind up with a lot of money owed to the world bank.
How did the world bank get so rich?
The same way all banks make money – by “printing”
So what we need to learn is “Who controls the world bank and the income earned by interests on all those loans?” and “What do they do with all that money?”
CIC VIDEO
@Wahid: It is because the government pours in money to stimulate the economy, increasing their debt, and if the japanese spent it, future tax revenue, but they save it instead, making the government continue to pour money in. Correct me if I am wrong(:
Why is Japans debt so high?
@Kendrick: As I understand it is any level of government’s debt, and that debt is usually owed to the people, but countries with high trade deificiets that money begins to be owed to people oversea’s. And why do we not pay our debt? Because then no other countries would trade with you until you payed the debt, which would be even harder then usual because you wuld have lost a massive percentage of GDP because of the losss of trade(We need oil)
I am still learning so tell me if I am wrong:)
Why is the US debt listed here as 90.8% of GDP in the opening paragraphs, and then listed as No. 66 at 39.7% of GDP? By other accounts we do seem to be closing in on 100%, and so should be listed between Nos. 11 & 12 (differences between 2008 and 2009 notwithstanding). I wonder if the U.S. could negotiate lower interest rates on its public debts without causing panic, so that it could lower its interest payments, get its economy going again, and pay down the principal over the long term. I know…not as easy as it sounds.
Ladies and gentlemen. This is crazy. How can the whole world be in debt. Who are they in debt to? What if a country just decides to not pay their debtors. What if the U.S. Says I’m not paying. Come take it if you want it. We have a military and a local populace with guns, so have fun with that. Are we in debt to bankers or to china and who is china in debt to?
I think you may have the wrong idea about ‘debt’. When a bank lends you money, it does it using deposits that people make. The government of individual contries maybe borrowing from bank deposits or it may be selling bonds. bonds are “I’ll pay this sum at a given date”. The “sum” I’ll pay you is the value of the bond now and plus yield (or interest). Banks offer term deposits to those with axcess funds in order to lend that money to others. The term deposit matures at a certain time and it is paid in full plus agreed interest. The bank has a debt with me when accepts my term deposit and uses my funds to do something with it. Banks re-lend it, governments use to pay for service and other projects in the hope that when the bonds are due they will have sufficient funds to pay. The problem arrives when the Government can’t pay because it hasn’t collected enough taxes, and it goes bankrupt. This will have a ripple effect and, depending on how big is the bankrupt. A small country going under (Iceland went down years ago) will have little effect, if a large one goes under (eg the USA) then we are in big, very big trouble with the World economy stalling and dark days ahead ….
everyone is in debt because everything we are living is created by debt. Debt is humanity big joke and we are living in a hole of shit because of this illusion.!!!
interesting stats but i fear it is not the full story and some countries who look worse off could in fact be out of trouble quicker due to exports and prudent economics.
debt&economic development of italy
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
Henry Ford
THE BANKERS MANIFESTO
Congressman Charles A. Lindbergh, Sr. revealed the Bankers Manifesto of 1892 to the U.S. Congress somewhere between 1907 and 1917.
We (the bankers) must proceed with caution and guard every move made, for the lower order of people are already showing signs of restless commotion. Prudence will therefore show a policy of apparently yielding to the popular will until our plans are so far consummated that we can declare our designs without fear of any organized resistance.
Organizations in the United States should be carefully watched by our trusted men, and we must take immediate steps to control these organizations in our interest or disrupt them.
At the coming Omaha convention to be held July 4, 1892, our men must attend and direct its movement or else there will be set on foot such antagonism to our designs as may require force to overcome.
This at the present time would be premature. We are not yet ready for such a crisis. Capital must protect itself in every possible manner through combination (conspiracy) and legislation.
The courts must be called to our aid, debts must be collected, bonds and mortgages foreclosed as rapidly as possible.
When, through the process of law, the common people have lost their homes, they will be more tractable and easily governed through the influence of the strong arm of the government applied to a central power of imperial wealth under the control of the leading financiers.
People without homes will not quarrel with their leaders. History repeats itself in regular cycles. This truth is well known among our principal men who are engaged in forming an imperialism of the world. While they are doing this, the people must be kept in a state of political antagonism.
The question of tariff reform must be urged through the organization known as the Democratic Party, and the question of protection with the reciprocity must be forced to view through the Republican Party.
By thus dividing voters, we can get them to expend their energies in fighting over questions of no importance to us, except as teachers to the common herd. Thus, by discrete actions, we can secure all that has been so generously planned and successfully accomplished.
wow, most interesting. I had no idea Japan was s high.
What is the interest paid by these countries on their national debt….because I feel the net outgoings due to annual interest payments will give a better picture of the situation.
Yeah, that list made a relief… So we in Bulgaria have a very small national debt. That’s good, that’s good… And don’t think you can make our debt higher! I read about a plan two American politicians have made in 1990 about “the economical destroying of Bulgaria”. It consisted of the idea of making people borrow more money that they cannot pay back – in other words, making a huge national debt. If you read the information from some sites (ah, yes, they’re all in Bulgarian), you’ll find out that we, the people in the Balkans, especially Bulgaria, have some kind of special character foreigners describe as “foolishness” or “primitiveness” that, unbelievable as it may be, has saved our identity during the centuries. Saved us from big empires’attacks in the past and, fortunately, from full Americanization now. I can’t predict if the Chinese Yuan will become an international currency or if the Far East will economically conquer the West, but I know one thing. Our peninsula has always been a crossroad between Europe and Asia and neither the USA nor the Asian Tigers can succeed in conquering us. I am 15 years old, a boy living in Sofia, the capital of Bulgaria, and that’s from me.
wellthe world bank play an important roll in a modern economy but still the functions of is not that much in facor of india. they have to change thair bluddy stratrrgy………
It is interesting how the Japanese, as high as their exports are with their technology markets, have such a high debt. Why would their debts be so high if their savings are high at the same time? Perhaps if Japanese citizens concentrate more on repaying their personal debt, they would be in much better standings.
Surely there are methods for people to manage their debt by budgeting their finances. I know websites similar to heaps.co.nz (heaps!) are specifically set up to get people out of their debt (whether student, mortgage, etc.)
What is the most interesting question is who is the whole world in debt to and why should we be in debt to anyone considering that without its people a country produces nothing (except raw materials for those countries which are lucky enough to have them). For the answer see the documentary: “Ring of Power – Empire of the city” I think the website is helpfreetheearth.com but you can watch it on youtube.
hahahaha..Bangladesh has no national debt?
it shows country status
i wonder whats the people of each country’s debt??
Moderator, do any countries have a national surplus
(as opposed to national debt)?
American citizens, our national debt is more or less almost 100 percent of GDP now, but was only 60 percent give or take 10 years ago, with a very recent sharp upward spike. fiddle with the values on this page (very good) to see
its now almost $40,000 per citizen now not including the crushing state debts such as California. Argentina and
Brazil had currency crises at lower GDP levels, time to wake up and tell your friends, or we will wake up some day and find out China and other countries are not buying our T-bills anymore. (China is at 18% debt to GDP- and they are bailing out our spending, shame on us!) When the rest of the world and China turn off the spigot maybe your nest egg will be worth 25 cents on the dollar or less and you will be saying “what happened?” I know this sounds crazy but what is crazy is $40,000 National debt per person when many are not making a living such as retired, children etc. It is a train wreck that we can avoid but cannot continue as the interest mounts. No entity can spend more than they make.
Lets not be another Argentina, read about their pain They were down to bartering goods, currency was worthless. Lets tell our elected officials we need higher taxes and lower spending! Because voters, nasty as that sounds, the Chinese will not piss away loans that we are reaching the point of not being able to repay, and remember look at the figures, they know more about finance than us…and we could default. Too bad, the dollar could have stayed the world currency but it won’t, we do not have the political will.
The Chinese Yuan will quietly become the international trading currency. Sad, we really had a good country here, and we are blowing it.
Hello
I have formulas that show that the budget deficit should not cover with the loan.
Formula for an isolated community with no bank credit.
1. Valid for all subjects: Sum (Cost) + Sum (Earnings) = sum (income)
2. For the State: The cost of the State + budget Decifit = Income Countries
3. For isolated community valid: sum (cost) + cost of State = sum(income) + income countries
4. Summing 1 and 2 we get: sum (cost) + + The cost of the state + sum (earnings) + budget deficit = Sum (income) + income countries
5. Subtracting 4 to 3 it follows: The sum of (earnings) + budget deficit = 0
Follows. All earnings in a community is equal to the budget deficit (negative).
Sequence. You can not repay the loan in a profit, because you need an even bigger budget deficit and to cover the interest.
The following is a lot of different things. You may choose to conclude on.
These formulas are valid for the planet Earth, and explain the debt. Stupid is what we can see that it is impossible to repay the debt, but insisted on going in the same direction. Ask Bank of Engand why. Because we were stupid to allow them to. We are now debt slaves as payment for community income rising credit (budget deficit). We are now debt slaves where profit of community paying with credit (budget deficit).
Forgive me on a bad translation.
Greetings from the Croatian
Marcus,
Japan’s debt is sustainable because the interest rates for yen denominated debt is practically 0%. If you have a savings account with the Japan post office (the biggest bank in the world by pure deposits), then your interest rate is 0.0001% p.a. The Bank of Japan keeps its interest rates low and so it is really a borrower’s market now.
Here is another extreme example. Assuming you get a fixed rate mortgage over a 35-year period, can you guess what the interest rate on it is? About 2.8%…
What about Norway? I can’t find crap on it.
Could someone please help me answer these questions.
Who runs the IMF and World bank?
Which country’s are not in debt to them?
Im having trouble understanding where the money to pay back debt will come from, as every county I can think of owes them money.
Basically, Who has got it all????
How about Indonesia debt information?
Hi guys,
I was wondering if any of you have seen international time-series data on the total debt (e.g. public+ private). As far as I know, only US FED provides this kind of data called “total credit market debt owed”. World’s Bank WDI also report public guaranteed debt as well as private non-guaranteed for developing economies, but strangely enough not for the developed ones.
thanks.
This list is crazy – the CIA list has china on – china doesn’t have any debt with the rest of the world – its a creditor!
I’ve written about this list here:
http://mickanomics.blogspot.com/2009/03/list-of-countries-by-current-account.html
I don’t understand how a high domestic savings rate makes a high public sector debt sustainable. Surely 195% GDP public debt is a massive burden on the Japanese government via interest payments? UK public debt is about 45% GDP whilst we have a relatively low savings rate, how are these facts related? How are domestic savings linked to public debt?