Who has the worst debt?

United States. The United States boasts both the world's biggest national debt in terms of dollar amount and its largest economy, which resolves to a debt-to GDP ratio of approximately 128.13%.

Who has the highest debt in the world?

At the top is Japan, whose national debt has remained above 100% of its GDP for two decades, reaching 255% in 2023.

Which group has highest debt?

According to ET's report, as per equity data, Reliance Industries is the most indebted company in the country, with a debt of Rs 3.13 lakh crore. NTPC, a major player in the power sector, secures the second position with a debt of Rs 2.20 lakh crore.

Who has the worst debt in Europe?

The EU member countries with the highest debt-to-GDP ratio are currently the southern European states of Greece, Italy and Portugal. In percentage points, Greece and Portugal have recorded the largest increase in debt since 1997. Germany, the EU's largest economy, ranked 13th in 2022 at 66.1 percent.

Who are the largest holders of debt?

Foreign holders of United States treasury debt

Of the total 7.6 trillion held by foreign countries, Japan and Mainland China held the greatest portions, with China holding 868.9 billion U.S. dollars in U.S. securities. Other foreign holders included oil exporting countries and Caribbean banking centers.

24 Year Old Has The Worst Debts You Could Possibly Imagine

Which country has no debt?

1) Switzerland. It is no surprise to see Switzerland on this list. Switzerland is a country that, in practically all economic and social metrics, is an example to follow. With a population of almost 9 million people, Switzerland has no natural resources of its own, no access to the sea, and virtually no public debt.

Who does US owe 31 trillion to?

Many people believe that much of the U.S. national debt is owed to foreign countries like China and Japan, but the truth is that most of it is owed to Social Security and pension funds right here in the U.S. This means that U.S. citizens own most of the national debt.

Is Greece still in debt?

In 2022, the national debt in Greece was around 404.33 billion U.S. dollars. In a ranking of debt to GDP per country, Greece is currently ranked third.

How much of Ukraine GDP is debt?

Public Debt forecasts and outlook for Ukraine

Public debt averaged 64.0% of GDP in the decade to 2022, above the average for Eastern Europe of 32.5% of GDP. Public debt in Ukraine was 78.5% of GDP in 2022. For more public debt information, visit our dedicated page.

Which debt is worse?

High-interest loans -- which could include payday loans or unsecured personal loans -- can be considered bad debt, as the high interest payments can be difficult for the borrower to pay back, often putting them in a worse financial situation.

Who owns most of the global debt?

Debt as a share of GDP has risen to about the same level as in the United States, while in dollar terms China's total debt ($47.5 trillion) is still markedly below that of the United States (close to $70 trillion). As for non-financial corporate debt, China's 28 percent share is the largest in the world.

Why does Toyota have so much debt?

And without relentless growth, there would be much less pressure, or opportunity, to assume massive amounts of debt. This is the pattern always seen in Toyota. Toyota followed these precepts during the decades after World War II — when they were becoming one of the world's most successful large corporations.

How much debt is Russia in?

Russia National Government Debt reached 285.4 USD bn in Dec 2023, compared with 286.3 USD bn in the previous month. Russia National Government Debt data is updated monthly, available from May 2009 to Dec 2023.

Why is Japan debt so high?

But how did Japan find itself in this situation? Japan's descent into its debt trap began in the 1990s with the burst of a real estate bubble. This problem was further compounded by high demand for stimulus packages and an ageing population, which has caused Japan's debt to continually pile up until at least 2021.

Is the UK in debt?

Public sector net debt amounted to 96.6 percent of gross domestic product in the United Kingdom during the 2021/22 financial year, the highest it has been since the early 1960s.

How much money does Greece owe Germany?

Greece owes Germany 56 billion euros ($61.1 billion). But what does Germany owe Greece? On March 10, Greek Prime Minister Alexis Tsipras said he had a duty to pursue World War II reparations from Germany.

Is Turkey in debt?

The national debt in Turkey was forecast to continuously increase between 2023 and 2028 by in total 1.9 trillion U.S. dollars (+618.99 percent). After the tenth consecutive increasing year, the national debt is estimated to reach 2.2 trillion U.S. dollars and therefore a new peak in 2028.

Is Italy in debt?

Italy recorded a Government Debt to GDP of 141.70 percent of the country's Gross Domestic Product in 2022. Government Debt to GDP in Italy averaged 117.90 percent of GDP from 1988 until 2022, reaching an all time high of 154.90 percent of GDP in 2020 and a record low of 90.50 percent of GDP in 1988.

Did Germany pay ww2 debt?

Germany didn't ultimately pay off its WWI debts until 2010. Germany was also responsible for paying reparations after World War II. Although the total debt was estimated at over $300 billion, Germany was responsible for paying about $3 billion, according to the London Agreement on German External Debts in 1952.

Has Germany paid off their ww2 debt?

Germany has not paid reparations to the countries which were occupied during the war. Not even their works of art have been returned. However: in 1952 Germany signed the Luxembourg agreement regarding war reparations to Jewish victims.

Who did Germany pay debt to?

Over the next four years, U.S. banks continued to lend Germany enough money to enable it to meet its reparation payments to countries such as France and the United Kingdom. These countries, in turn, used their reparation payments from Germany to service their war debts to the United States.

How much is America worth?

The financial position of the United States includes assets of at least $269 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP).

Will the US ever pay its debt?

Under current policy, the United States has about 20 years for corrective action after which no amount of future tax increases or spending cuts could avoid the government defaulting on its debt whether explicitly or implicitly (i.e., debt monetization producing significant inflation).

Who brought the US debt to 0?

Public Debt In America

Over the following 45 years, the debt grew. Notably, the public debt actually shrank to zero by January 1835, under President Andrew Jackson.