China
The most recent data from the US Treasury shows that China, with $1.16 trillion in US Treasury securities, is the biggest holder of US debt.
The numbers for top US debt holders are:
China - $1.16 Trillion
Japan - $882 Billion
United Kingdom - $272 Billion
Brazil - $186 Billion
Taiwan - $155 Billion
Russia - $151 Billion
Hong Kong - $134 Billion
Switzerland - $107 Billion
Other Major Debt Holders:
Oil Exporting Countries: 211 Billion (Includes Saudi Arabia, Venezuela, Libya, Iran, Iraq, the United Arab Emirates, Bahrain, Kuwait, Oman, Qatar, Ecuador, Indonesia, Algeria, Gabon, and Nigeria)
Caribbean Banking Centers: 168 Billion (Includes Bahamas, Bermuda, Cayman Islands, Netherlands Antilles, British Virgin Islands and Panama)
Note: The numbers were picked up by internet search. The current US debt figures may or may not match the numbers mentioned above
Japan holds $6billion and UK holds $2billion.
US foreign debt is now over 4.5 trillion dollars a year. China holds a majority of the US foreign debt.
Is there any country on earth that is not in foreign debt? I am sure there is none.
The National Debt is the responsibility of the government. This debt comes from government spending. This spending is acquired from government programs and foreign aid.
The money that a country has borrowed is referred to as its "national debt" or "government debt." This debt is typically issued in the form of bonds or loans, which the government must repay over time, usually with interest. It can be held by domestic and foreign investors, including individuals, institutions, and other governments.
The amount of money that a country owes another country is called sovereign debt or foreign debt. This debt can arise from loans, bonds, or other financial obligations incurred by a government. It is typically expressed in the currency of the creditor country or in a widely used currency, such as the U.S. dollar. Managing this debt is crucial for a country's economic stability and creditworthiness.
Mexico had a foreign debt much larger than the country could afford to pay. This resulted in successive devaluations, economic depression and inflation.
National debt refers to the total amount of money owed by a government, including both domestic and foreign debt. Public debt, on the other hand, specifically refers to the money owed by a government to its own citizens or institutions. Both national debt and public debt can impact a country's economy by increasing the burden of interest payments, reducing the government's ability to invest in other areas such as infrastructure or social programs, and potentially leading to higher taxes or inflation. Excessive debt levels can also make a country less attractive to investors and lenders, which can further harm the economy.
A budget deficit occurs when a government's expenditures exceed its revenues, often leading it to borrow money to cover the shortfall. This borrowing can contribute to foreign debt if the government takes loans from foreign lenders or issues bonds purchased by international investors. As the deficit grows, the reliance on foreign borrowing may increase, potentially leading to higher foreign debt levels. Ultimately, a sustained budget deficit can make a country more vulnerable to external economic pressures and exchange rate fluctuations.
States have a debt of 1.2 Trillion dollars. California holds the biggest debt: 361 Billion dollars.
To determine a country's public debt, you can refer to government financial reports or databases maintained by organizations like the International Monetary Fund (IMF) or World Bank. Public debt typically includes the total amount of money that a government owes to creditors, which can be found in the national budget or treasury documents. Additionally, financial news outlets and economic research institutions often provide analyses and updates on public debt levels. It's important to consider both domestic and foreign debt, as well as the context of the country's economic situation.
Government debt can be subdivided into two categories: external debt and domestic debt. External debt is the outstanding debt owed from the Mexican government to foreign governments (such as the United States or Europe), banks, institutions and individuals. Domestic debt is the amount of debt owed to Mexican banks, institutions and individuals within the country.Mexico's government debt can be broken down as follows:External debt: US$46,208.8 million.Domestic debt: US$192,218.7 million.Total Mexican debt: US$238,427.6 million.Now, the indebtedness level is the percentage of debt compared as a percentage of the total sum of products and services sold in the country within a year (also named Gross Domestic Product - GDP). Mexico's Gross Domestic Product is valued at US$788,840 million (est. 2009).Therefore Mexico's debt level is:5.9% of its GDP in foreign debt.24.4% of its GDP in domestic debt.30.3% of its GDP for total public debt.