25 Countries With The Most External Debt

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10. Switzerland.

Switzerland Debt Stats

  • External debt: 1.820 Trillion USD
  • last updated date: 31 December 2017
  • Debt Per capita: 213,100 USD
  • % of GDP: 269%

9. Canada.

Canada is among the richest countries in the world and is a member of the Organization for Economic Co-operation and Development (OECD) and the Group of Eight (G8). Despite this, they are classified among the top 10 countries with external debt.

Canada Debt Stats

  • External debt: 1.931 Trillion USD
  • last updated date: 31 December 2017
  • Debt Per capita: 52,300 USD
  • % of GDP: 115%

8. China.

China is the second largest economy in the world but suffers from debt problem. Which experts fear could cause either a financial crisis or a severe economic slowdown that hits China’s economy and even the world’s.

According to IMF estimates, high debt and exposure rates China is more on the global financial markets than it is at high risk. China is borrowing from its banks and some non-bank institutions, but most of its debt has been borrowed from local banks and few countries.

China Debt Stats

  • External debt: 2.094 Trillion USD
  • last updated date: 1 March 2020
  • Debt Per capita: 1,326 USD
  • % of GDP: 15%

7. Spain.

Spain’s per capita debt is about $ 44,100. Although both the government and the opposition are confident that Spain could get rid of its debt within two years. It is currently one of the most indebted countries around the world.

Spain Debt Stats

  • External debt: 2.259 Trillion USD
  • last updated date: 31 December 2017
  • Debt Per capita: 48,700 USD
  • % of GDP: 97%

6. Italy.

Since 2017, debt has been a major embarrassment for Italy against the European Union. It has already imposed disciplinary sanctions on the Italian government. Which could not control inflation in its external debt.

But the country still suffers from many economic problems made it unable to repay its debts and unable to reform the economic situation in the country, when the per capita debt in Italy about 42,300 dollars.

Italy Debt Stats

  • External debt: 2.510 Trillion USD
  • last updated date: 31 December 2017
  • Debt Per capita: 42,300 USD
  • % of GDP: 124%

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