List of Countries with the Most Debt in the World

List of Countries with the Most Debt in the World - Maybe you have read similar or similar articles, but this article is different because we have taken it from trusted sources, here is a list of countries with the most debt in the world.

In 2020, the world is faced with a very troubling case for everyone, namely Covid-19.

Covid-19 brings a lot of harm to humans. Like the many patients who tested positive for Covid-19, one by one began to fall. Until now, thousands of victims have died.

Not only that, the people's economy has also weakened. Many underprivileged people have died due to hunger because they cannot work during this pandemic.

There are also many companies whose income has decreased so that they are forced to lay off their employees.

In addition, the state also has a very large amount of debt.

Quoted from PortalJember.com based on two reports from the International Monteray Fund: World Economic Outlook Database and United Nations: National Accounts Main Aggregates Database.

One aspect of the calculation is based on the ratio of the country's debt to the value of the country's Gross Domestic Product (GDP).

Then the results are used as a rating source from the largest to the smallest percentage of debt.

Which are the countries with the most debt in the world in 2020? Here's the full review!

1. United States (US $ 19.23 Trillion)

When viewed from the nominal debt, the United States is the country with the most debt in the world today.
However, the debt value of US $ 19.23 trillion from this country as a percentage “only” covers around 106.70% of its GDP value.

2. Japan (US $ 9.087 Trillion)

Japan is the country with the most debt in the world at number one with a debt percentage of 234.18% of the country's total GDP.

Most of the debt came after the Japanese stock market collapsed some time ago.

The government also poured large funds to save banking and insurance companies with low interest rates.

3. Italy (US $ 2.48 Trillion)

The global economic crisis in 2008 also had a negative impact on Italy which has had an impact until now.

As a result, Italy's debt soared to more than 2.48 trillion US dollars with a percentage of 133.43% of its GDP.

4.Spain (US $ 1.24 Trillion)

Based on the Livetradingnews page when compared to 2018, the value of Spanish debt has actually decreased quite significantly.

Unfortunately, nominally this country's debt is still included in the 10 countries with the most debt in the world.

5. Belgium (US $ 456.18 Billion)

The country of Belgium has quite a lot of total debt, amounting to US $ 456.18 billion or around 99.57% of the country's total GDP.

Even though Belgium is currently in the top 20 richest countries in the world, it also has a fantastic debt value.