By Darren Atwater | Sunday 17 November 2019
This chart, from Visual Capitalist, visualises the debt the countries of the world hold. Now, I'd be the first to say that if you issue your own currency, then so what? But you may beg to differ.
Rank | Country | Debt to GDP | Gross Debt ($B) | % of World Total |
---|---|---|---|---|
#1 | United States | 104.3% | $21,465 | 31.0% |
#2 | Japan | 237.1% | $11,788 | 17.0% |
#3 | China, People's Republic of | 50.6% | $6,764 | 9.8% |
#4 | Italy | 132.2% | $2,744 | 4.0% |
#5 | France | 98.4% | $2,736 | 3.9% |
#6 | United Kingdom | 86.8% | $2,455 | 3.5% |
#7 | Germany | 61.7% | $2,438 | 3.5% |
#8 | India | 68.1% | $1,851 | 2.7% |
#9 | Brazil | 87.9% | $1,642 | 2.4% |
#10 | Canada | 89.9% | $1,540 | 2.2% |
#11 | Spain | 97.1% | $1,386 | 2.0% |
#12 | Mexico | 53.6% | $655 | 0.9% |
#13 | Korea, Republic of | 37.9% | $652 | 0.9% |
#14 | Australia | 41.4% | $588 | 0.8% |
#15 | Belgium | 102.0% | $543 | 0.8% |
* * *
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