External debt means what is owed to foreign creditors, Who can be individual citizens, companies or international financial institutions, such as the World Bank and the International Monetary Fund.
On this list, We’re going to show you 25 Countries With The Most External Debt in (Last Updated December 2020)
After years of austerity and bank debt problems, the Portuguese economy rebounded strongly last year, with GDP growing every year.
In June 2018, EU finance ministers announced that Excessive deficit and control procedures for Portugal. After eight years of austerity measures, Portugal has succeeded in reducing its debt. Which corresponds to the standards set by the European Commission.
The Portuguese economy depends on tourism, agriculture and manufacturing. But tourism is one of the most important factors in the Portuguese economy’s return to growth.
Portugal Debt Stats
- External debt: 447 Billion USD
- last updated date: 30 June 2017
- Debt Per capita: 43,300 USD
- % of GDP: 216%
The debt crisis of 2018 is a financial crisis that has hit Turkey and continues to this day. Because of the international repercussions that have afflicted the country following the collapse of its currency and reaching very low levels that have never reached it.
The crisis that struck Turkey’s economic pillar has plunged the value of the Turkish lira Against the rest of the currencies led by the euro and the dollar also characterized by the crisis of high inflation and high borrowing costs in return for loan defaults.
In general, there are a number of reasons why Turkey has intervened in this crisis. Including over-current account and default in the repayment of external currency debt.
Turkey Debt Stats
- External debt: 453 Billion USD
- last updated date: 30 September 2019
- Debt Per capita: 2,983 USD
- % of GDP: 34%
Netherland’s external debt is quite high, which is an obstacle to the Dutch state despite its stable economy.
Netherlands Debt Stats
- External debt: 456 Billion USD
- last updated date: 1 May 2020
- Debt Per capita: 26,540 USD
- % of GDP: 56%
Russia’s debt burden has declined in contrast to the global dynamic. Although it has been very low compared to the rest of the country. Russian Central Bank President Elvira Nabielina (Wikipedia Bioghraphie) said in a report to the Russian news agency RIA Novosti.
However, the financing of the economic wheel must be done by injecting new investments into the economy rather than through borrowing. While the Russian Ministry of Finance is preparing to borrow exclusively for the purpose of investment.
Russia Debt Stats
- External debt: 468 Billion USD
- last updated date: 1 July 2019
- Debt Per capita: 3,700 USD
- % of GDP: 28%
The Greek government has sounded the alarm since 2010, when its external debt has increased significantly. Despite persistent attempts and plans by the state to pay the debts, all of this has not worked.
Greece Debt Stats
- External debt: 476 Billion USD
- last updated date: 31 December 2017
- Debt Per capita: 42,800 USD
- % of GDP: 228%