Either in relative or absolute terms. Relative would be in the form of a percentage of GDP or GNP and absolute would be in total dollars. Relative is a better indicator of debt but would still not provide a clear picture of past, present or future economic performance.
no national debt.
It depends on what country you are referring to. Here are the top 6 countries that have the most external debt in US dollars. There are other countries that have a higher debt to GDP ratio though. The U.S. currently has a national debt around 17.5 trillion dollars. The United Kingdom has a national debt of around 10.1 trillion dollars. Germany has a national debt of around 5.7 trillion dollars. France has a national debt of around 5.3 trillion dollars. Japan has a national debt of around 3 trillion dollars. China has a national debt around 3 trillion dollars.
Switzerland and the Vatican
I know factually who holds our biggest debt; that would be China
That's like asking why we don't pay our OWN national debts. Every country has a debt to some other country, and that's what ultimately makes the worlds economy relatively stable. We can't collect debt from a country that has no money...
The public debt is the debt that the United States government owes to other countries.
the national debt was something used to create national debt
This creates a deficit in the balance of trade, and results in US currency credits being transferred to other countries. This can increase the foreign obligations included in the national debt.
What was the national debt in 2003?
$350,000,000 in national debt
The US National Debt is nearly $16,963,703,000, or 16.9 trillion dollars.
The answer is yes but it will depend on the amount of debt you have. A lot of countries have agreements with each other to make it possible for debt to be recovered