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Global Index Ranks US Top Debtor At $20.27trn, Nigeria $27bn
The Global Index (TGI) has released its ranking of countries’ external debts categorised in trillions and billions of Dollars.
In the trillion Dollar category, according to the debt figures posted on its verified X handle @TheGlobal_Index on Saturday, the United States topped the chart of most indebted nations with $20.27trillion, followed by the UK, and France with $8.72trillion, and $6.35trillion, respectively.
In that same trillion category, China, Switzerland, and Singapore were the least with $2.02trillion, $2trillion, and $1.55trillion, respectively.
The ranking shows USA: $20.27trillion; UK: $8.72trillion; France: $6.35trillion; Germany: $5.67trillion; Netherlands: $4.34trillion; Luxembourg: $4.30trillion; Japan: $4.25trillion; and Australia: $3.15trillion.
Others in the trillion category include, Ireland: $3trillion; Italy: $2.5trillion; Spain: $2.33trillion; Canada: $2.12 trillion; China: $2.02trillion; Switzerland: $2trillion; and Singapore: $1.55trillion.
The Global Index also rated other countries in the billion Dollar category.
They include Brazil, Norway, and India ranking first, second, and third with $700billion; $651billion; and $555billion; respectively.
In the same billion Dollar category, Nigeria, Iran and North Korea were the least with $27billion; $8billion; and $5billion; respectively.
The full ranking shows Brazil: $700billion; Norway: $651billion;India: $555billion; Russia: $500billion; South Korea: $457billion; Mexico: $456billion; Turkey: $455billion; Portugal: $401billion; Indonesia: $400billion; Argentina: $280billion; UAE: $240billion; Saudi Arabia: $205billion; and South Africa: $180billion.
The rest are, Qatar: $170billion; Colombia: $135billion; Israel: $135billion; Ukraine: $120billion; Pakistan: $110billion; Vietnam: $100billion; Philippines: $82billion; Bangladesh: $50billion; Kenya: $30billion; Nigeria: $27billion; Iran: $8billion; and North Korea: $5billion.