| Subject: | The Top 20 Most Indebted Nations |
|---|---|
| Date: | Sun, 24 Apr 2011 00:59:39 -0400 |
| From: | mentor2 <mentor2@gmail.com> |
The U.S. isn't where you thought !
Source: http://www.cnbc.com/id/30308959/The_World_s_Biggest_Debtor_Nations
The World's Biggest Debtor Nations
Throughout the financial crisis, many national economies have looked to their government and foreign lenders for financial support, which translates to increased spending, borrowing and in most cases, growing national debt.
Deficit spending, government debt and private sector borrowing are the norm in most western countries, but due in part to the financial crisis, some nations and economies are in considerably worse debt positions than others.
External debt is a measure of a nation's foreign liabilities, capital plus interest that the government and institutions within a nation's borders must eventually pay. This number not only includes government debt, but also debt owed by corporations and individuals to entities outside their home country.
So, how does the US debt position compare to that of other countries? A useful measure of a country's debt position is by comparing gross external debt to GDP. By comparing a country's debt to what it produces, this ratio can be used to help determine the likelihood that a country will be able to repay its debt.
This report takes a look at the world's 75 largest economies to see which ones have the highest external debt to GDP ratio, calculated using the most recent numbers from the World Bank. We've listed the top twenty here.
Since the first time this report was published in April 2009, the debt situations of many countries have become of increasingly influential in the markets. In many European nations, these debt levels have caused international organizations and bond investors to put pressure on governments to cut public debt through austerity measures and additional reductions in spending.
So, what are the world's biggest debtor nations?
By Paul Toscano
Updated 30 Sept 2010 <<
20. United States - 98.4%
External debt (as % of GDP): 98.4%
Gross external debt: $13.92 trillion
2009 GDP (est): $14.14 trillion
External debt per capita: $45,302
19. Hungary - 120.6%
External debt (as % of GDP): 120.6%
Gross external debt: $224.36 billion
2009 GDP (est): $186 billion
External debt per capita: $22,650
18. Australia - 121.9%
External debt (as % of GDP): 121.9%
Gross external debt: $1.037 trillion
2009 GDP (est): $851.1 billion
External debt per capita: $48,787
17. Italy - 141.3%
External debt (as % of GDP): 141.3%
Gross external debt: $2.456 trillion
2009 GDP (est): $1.74 trillion
External debt per capita: $42,267
16. Greece - 167.2%
External debt (as % of GDP): 167.2%
Gross external debt: $557.4 billion
2009 GDP (est): $333.4 billion
External debt per capita: $51,916
15. Germany - 176.8%
External debt (as % of GDP): 176.8%
Gross external debt: $4.97 trillion
2009 GDP (est): $2.81 trillion
External debt per capita: $60,357
14. Spain - 176.9%
External debt (as % of GDP): 176.9%
Gross external debt: $2.40 trillion
2009 GDP (est): $1.36 trillion
External debt per capita: $59,459
13. Norway - 208.8%
External debt (as % of GDP): 208.8%
Gross external debt: $558.4 billion
2009 GDP (est): $267.4 billion
External debt per capita: $119,805
12. Finland - 215%
External debt (as % of GDP): 215%
Gross external debt: $383.7 billion
2009 GDP (est): $178.8 billion
External debt per capita: $73,082
11. Hong Kong - 224.7%
External debt (as % of GDP): 224.7%
Gross external debt: $678.29 billion
2009 GDP (est): $301.8 billion
External debt per capita: $96,142
10. Portugal - 231.2%
External debt (as % of GDP): 231.2%
Gross external debt: $537.85 billion
2009 GDP (est): $232.6 billion
External debt per capita: $50,230
9. France - 244.3%
External debt (as % of GDP): 244.3%
Gross external debt: $5.23 trillion
2009 GDP (est): $2.09 trillion
External debt per capita: $79,982
8. Austria - 251.4%
External debt (as % of GDP): 251.4%
Gross external debt: $809.2 billion
2009 GDP (est): $321.8 billion
External debt per capita: $98,554
7. Sweden - 269.7%
External debt (as % of GDP): 269.7%
Gross external debt: $893.86 billion
2009 GDP (est): $331.4 billion
External debt per capita: $98,664
6. Denmark - 307.3%
External debt (as % of GDP): 307.3%
Gross external debt: $607.818 billion
2009 GDP (est): $197.8 billion
External debt per capita: $110,502
5. Belgium - 326.7%
External debt (as % of GDP): 326.7%
Gross external debt: $1.253 trillion
2009 GDP (est): $383.4 billion
External debt per capita: $120,267
4. Netherlands - 369.6%
External debt (as % of GDP): 369.6%
Gross external debt: $2.44 trillion
2009 GDP (est): $660 billion
External debt per capita: $145,928
3. Switzerland - 378.6%
External debt (as % of GDP): 378.6%
Gross external debt: $1.191 trillion (2009 Q3)
2009 GDP (est): $314.7 billion
External debt per capita: $156,694
2. United Kingdom - 428.8%
External debt (as % of GDP): 428.8%
Gross external debt: $9.12 trillion
2009 GDP (est): $2.128 trillion
External debt per capita: $149,281
1. Ireland - 1,305%
External debt (as % of GDP): 1,305%
Gross external debt: $2.25 trillion
2009 GDP (est): $172.5 billion
External debt per capita: $535,529
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