Opera News

Opera News App Download

See Which Country Has The Highest Debt In The World

Phukubjenthaa
2020-10-17 21:03:07

The gorvenment world debt have accumulated $69 trillion and the US occupied almost third of the amount.

Debt to the GDP is the ratio between a country's government debt and its gross domestic product. When a country has a low debt to the GDP ratio this indicate an economy that produces and sells sufficient to pay back debts without incurring further debt.

The US has the largest external debt in the world. As of June 2020 the total US treasuries bonds held by the foreign countries was $7,04 trillion.

China is deliberately investing in the US treasuries. China has been using this bonds to make the yuan weaker than the US dollor and benefiting from the low imports prices.

Here is a list of the top 5 countries that are owed by the US.

1 Japan

Japan is the county that holds most of the US foreign debt of $1.2 trillion overtaking China at 18.67%

2 China

China holds about $1.08 trillion of US foreign debt holding the second position from Japan at 15.88%.

3 UK

The UK holds $368 billion. This is only 6% of the total foreign debt.

4 Brazil

Brazil is the fourth largest holder of the US foreign debt while being ranked in the nineth largest economy in the world. Bzazil holds $286 billion in the US treasuries which only about to 4% of the total foreign debt.

5 Ireland

Ireland holds a out $226,92 billion US dollars for the foreign debt at 4%.

This article was sourced from (investopedia.com)

Content created and supplied by: Phukubjenthaa (via Opera News )

Tags:      

Brazil Bzazil China Japan UK
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform

COMMENTS

YOU MAY LIKE

Malema|Companies Must Employ 60%South Africans

5h ago

25 πŸ”₯

Malema|Companies Must Employ 60%South Africans

The HAWKS arrested 3 workers of Home affairs(Immigration)at Jane furse SEKHUKHUNE today.

5h ago

142 πŸ”₯

The HAWKS arrested 3 workers of Home affairs(Immigration)at Jane furse SEKHUKHUNE today.

Three Limpopo Home Affairs Officials Arrested By The Hawks For Corruption Allegations

5h ago

50 πŸ”₯

Three Limpopo Home Affairs Officials Arrested By The Hawks For Corruption Allegations

Will our Children live better lives than us?

5h ago

2 πŸ”₯

Will our Children live better lives than us?

They don't want major 1 in Malawi but south africans want him

6h ago

941 πŸ”₯

They don't want major 1 in Malawi but south africans want him

Somizi admits to having shares in the Bantu sneaker company.

6h ago

88 πŸ”₯

Somizi admits to having shares in the Bantu sneaker company.

Uzalo's actress leaves fans surprised at what she does on the side

6h ago

13 πŸ”₯

Uzalo's actress leaves fans surprised at what she does on the side

Pray this prayer in the morning, for blessing and forgiveness in Jesus name

6h ago

31 πŸ”₯

Pray this prayer in the morning, for blessing and forgiveness in Jesus name

If these things be in you || You will be Rich

6h ago

19 πŸ”₯

If these things be in you || You will be Rich

Black's are in power, We didn't struggle to be poor (Opinion)

6h ago

12 πŸ”₯

Black's are in power, We didn't struggle to be poor (Opinion)