What is the size of the public debt in 2013?
Historical Debt Outstanding – Annual 2000 – 2021
| Date | Dollar Amount |
|---|---|
| 09/30/2014 | 17,824,071,380,733.82 |
| 09/30/2013 | 16,738,183,526,697.32 |
| 09/30/2012 | 16,066,241,407,385.89 |
| 09/30/2011 | 14,790,340,328,557.15 |
Which country has the highest public debt as a percent of GDP?
Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%.
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Debt to GDP Ratio by Country 2022.
| Name | National Debt to GDP Ratio | Population |
|---|---|---|
| Lebanon | 171.11% | 5,489,739 |
| Italy | 134.14% | 59,037,474 |
| Singapore | 128.20% | 5,975,689 |
| Cape Verde | 124.92% | 593,149 |
What was the national debt in 2012?
$16,066
Debt by Year, Compared to Nominal GDP and Events
| End of Fiscal Year | Debt (in billions, rounded) | Debt-to-GDP Ratio |
|---|---|---|
| 2011 | $14,790 | 95% |
| 2012 | $16,066 | 99% |
| 2013 | $16,738 | 99% |
| 2014 | $17,824 | 101% |
What was the debt-to-GDP ratio in 2008?
U.S. debt to gdp ratio for 2014 was 96.21%, a 0.47% increase from 2013.
U.S. Debt to GDP Ratio 1989-2022.
| U.S. Debt to GDP Ratio – Historical Data | ||
|---|---|---|
| Year | Government Debt as % of GDP | Annual Change |
| 2009 | 76.02% | 12.21% |
| 2008 | 63.81% | 8.16% |
| 2007 | 55.66% | 0.19% |
What was the national debt in 2014?
2014 as against US$ 81.5 billion as at end-March 2014 (Table 3). The shares of Government and non-Government external debt in the total external debt were 19.0 per cent and 81.0 per cent, respectively, as at end-June 2014.
Is a high debt-to-GDP ratio good?
A higher debt-to-GDP ratio is acceptable when an economy is rapidly growing because its future earnings will be able to pay off the debt more quickly.
Why is Japan’s debt to GDP so high?
With the breakdown of the economic bubble came a decrease in annual revenue. As a result, the amount of national bonds issued increased quickly. Most of the national bonds had a fixed interest rate, so the debt to GDP ratio increased as a consequence of the decrease in nominal GDP growth due to deflation.
How much is China’s debt?
The statistic shows the national debt of China from 2017 to 2020, with projections up until 2027. In 2020, the national debt of China amounted to around 10,418.31 billion U.S. dollars.
China: National debt from 2017 to 2027 (in billion U.S. dollars)
| Characteristic | National debt in billion U.S. dollars |
|---|---|
| 2017 | 6,400.45 |
What is the safe GDP to debt ratio?
The estimations establish a threshold of 77 percent public debt-to-GDP ratio. If debt is above this threshold, each additional percentage point of debt costs 0.017 percentage points of annual real growth. The effect is even more pronounced in emerging markets where the threshold is 64 percent debt-to-GDP ratio.
What is the ideal GDP to debt ratio?
It allows them to gauge a country’s ability to pay off its debt. A high ratio—like 101%—means that a country isn’t producing enough to pay off its debt. A ratio of 100% indicates just enough output to pay debts, while a lower ratio means enough economic output to make debt payments.
What was India’s external debt in 2013?
2. India’s external debt stock stood at US$ 440.6 billion at end-March 2014 as against US$ 409.4 billion at end-March 2013. Notwithstanding the increase in external debt stock during 2013-14, crucial debt indicators such as external debt-GDP ratio and debt service ratio remained in the comfort zone.
How much debt does India have in 2012?
US$ 376.3 billion
1.1 At end-December 2012, India’s total external debt stock was US$ 376.3 billion, showing an increase of US$ 30.8 billion (8.9 per cent) over the level of US$ 345.5 billion at end-March 2012 (Table 1).
Which country have no debt?
There are countries such as Jersey and Guernsey which have no national debt, so the pay no interest. All this started with the Napoleonic wars when the government borrowed money to fund the war.
What is China’s debt-to-GDP ratio?
It is therefore perhaps no surprise that China’s official debt-to-GDP ratio rose that year from about 247 percent to 270 percent. In 2021, however, there was a major reversal of the previous year’s collapse in consumption, along with a surge in exports, a combination that also caused business investment to rise.
Which country isn’t in debt?
However, the listed countries, with the exception of Russia and Saudi Arabia, are not necessarily economic first-world powers.
The 20 countries with the lowest national debt in 2021 in relation to gross domestic product (GDP)
| Characteristic | National debt in relation to GDP |
|---|---|
| Tuvalu | 6.02% |
What if China sold all US debt?
First, total US debt is roughly $30 trillion. If China sold all its debt, it is only 3.6% of all outstanding US debt. A shock to the system maybe, on the day it happens, but just a temporary shock, not a death blow. Second, consider what’s happened to our budget deficit the last couple of years.
Why Japan debt is so high?
The main increase in debt was due to a year-on-year rise in the issuance of government bonds, which account for the bulk of the debt, by ¥30.5 trillion to ¥1,104 trillion.
How many times India borrowed from IMF?
At present, 187 nations are members of IMF. India is a founder member of the IMF. India has not taken any financial assistance from the IMF since 1993.
What is India’s debt to GDP ratio 2013?
India debt to gdp ratio for 2013 was 50.31%, a 0.37% decline from 2012.
What was India’s debt in 2013?
India’s external debt stock stood at US$ 440.6 billion at end-March 2014 as against US$ 409.4 billion at end-March 2013.
Does China owe money to any country?
According to a report by Institute of International Finance report published in January 2021, China’s outstanding debt claims on the rest of the world rose from some US$1.6 trillion in 2006 to over US$5.6 trillion by mid-2020, making China one of the biggest creditors to low income countries.
Which country owes the most money to China?
The countries with the biggest debt burdens in relative terms were Djibouti and Angola, where debt to China exceeded 40% of gross national income, an indicator similar to GDP but also including income from overseas sources.
What is the debt-to-GDP ratio of Russia?
GDP in Russia is offically estimated to be $1.687 Trillion US dollars at the end of 2019. The economy of Russia is offically reported as having a debt-to-GDP ratio of 17.0%, indicating Russia’s debt level is .
Who is America in debt to?
The public holds over $24 trillion of the national debt1 Foreign governments hold a large portion of the public debt, while the rest is owned by U.S. banks and investors, the Federal Reserve, state and local governments, mutual funds, pensions funds, insurance companies, and holders of savings bonds.
Who owes China the most?
Pakistan
At the end of 2020, of the 97 countries for which data was available, Pakistan ($77.3 billion of external debt to China), Angola (36.3 billion), Ethiopia (7.9 billion), Kenya (7.4 billion) and Sri Lanka (6.8 billion) held the biggest debts to China.