Quick Answer: What Countries Are Broke?

Which countries have the most debt?

Top 20 Countries with the Highest Debt to GDP ratioNational Debt of Japan – 234.18% …

National Debt of Greece – 181.78% …

National Debt of Sudan – 176.02% …

National Debt of Venezuela – 172.08% …

National Debt of Lebanon – 160.57% …

National Debt of Italy – 127.51% …

National Debt of Eritrea – 127.34%More items…•.

What are the 5 richest countries?

Switzerland.Kuwait.United Arab Emirates.Norway.Ireland.Brunei Darussalam.Singapore.Luxembourg.More items…•

What country is the richest?

United StatesUnited States is the richest country in the world, and it has the biggest wealth gap. The United States led the world in growth of financial assets last year thanks to tax cuts and booming stock markets, but its distribution of wealth was more unequal than in any other country, according to a study published Wednesday.

What is the poorest country on earth?

Niger1. Niger. A combination of a GNI per capita of $906, life expectancy of 60.4 years, and a mean 2 years of schooling (against an expected 5.4) lead to Niger topping the UN’s human development report as the world’s poorest country.

Who is the richest man in the whole world?

Jeff BezosJeff Bezos – U.S. Jeff Bezos, 56, is the richest man in the world, despite transferring a quarter of his Amazon stake to his ex-wife MacKenzie last summer, according to Forbes. He was worth $113 billion on March 18.

Who owns the world’s debt?

The United States, Japan and China report the biggest shares of overall global debt. Using data from the IMF, the Visual Capitalist report states that the U.S. reports having $20 trillion in government debt, which is nearly a third of the overall global debt pool.

How much debt is Canada in?

For 2019 (the fiscal year ending 31 March 2020), total financial liabilities or gross debt was $2434 billion for the consolidated Canadian general government (federal, provincial, territorial, and local governments combined). This corresponds to 105.3% as a ratio of GDP (GDP was $2311 billion).

What are the 10 poorest countries in the world?

With that said, let’s have a look at the poorest countries in the world according to the FocusEconomics Consensus Forecast for 2019 nominal GDP per capita.Democratic Republic of Congo. 2017 GDP per Capita: USD 439. … Mozambique. 2017 GDP per Capita: USD 429. … Uganda. … Tajikistan. … Yemen. … Haiti. … Ethiopia. … Tanzania.More items…

What countries in the world have no debt?

Which Countries Have No National Debt?RankCountryDebt-to-GDP Ratio1Macao SAR02Hong Kong SAR0.13Brunei Darussalam2.54Afghanistan6.86 more rows

Is America a rich country?

One of the wealthiest nations in the world, the United States has a GNI per capita of more than $55,000. … Among the 25 richest countries for which there is data, the United States also has the highest level of income inequality.

Can the US pay off its debt?

Four Ways the United States Can Pay Off Its Debt. In most discussions about paying off debt, there are two main themes: cutting spending and raising taxes. There are other options that may not enter most conversations but can aid in debt reduction, too.

What happens if a country Cannot pay its debt?

For instance, when a person can’t make a payment on a mortgage or a car loan. When a country does this, it’s known as a sovereign default. This is when the country cannot repay its debt, which typically takes the form of bonds. … So to make up the shortfall, it raises funds by asking investors to buy US Treasury bonds.

Is Nigeria the poorest country in the world?

Nigeria Ranks Third Poorest Country in World.

Is Saudi in debt?

By the end of 2019, Saudi Arabia plans to have around $181 billion in outstanding debt, corresponding to 21.7 percent of gross domestic product.

How much is China’s debt?

Foreign investors hold roughly 40% of the US’ debtCountry 🌎Debt held 💵2🇨🇳China (mainland)$1.1 trillion3🇬🇧UK$425 billion4🇮🇪Ireland$331 billion5🇭🇰Hong Kong$267 billion6 more rows•Sep 24, 2020