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Top 20 Countries in Debt to the USA
As the global economy continues to evolve, the financial obligations of countries to the United States remain a significant point of interest. Based on data from March 2025, here’s a closer look at the top 20 countries that owe substantial debts to the U.S.
Japan – $1.13 Trillion
Japan holds the largest debt to the U.S., amounting to a staggering $1.13 trillion. This long-standing relationship has roots in post-World War II economic dynamics.
United Kingdom – $779.3 Billion
Following Japan is the United Kingdom, with a debt of $779.3 billion. The U.K. has maintained a robust financial relationship with the U.S., influenced by trade and defense agreements.
China – $765.4 Billion
China sits in third place with $765.4 billion in obligations. As one of the world’s largest economies, China’s debt to the U.S. reflects its status as a major player in international finance.
Cayman Islands – $455.3 Billion
Despite being a small territory, the Cayman Islands has a significant debt of $455.3 billion. This is largely attributed to its role as a global financial hub.
Canada – $426.2 Billion
Canada, the U.S.’s northern neighbor, owes $426.2 billion. The close economic ties between the two nations are essential for trade and investment.
Luxembourg – $412.4 Billion
Luxembourg’s financial position allows it to hold $412.4 billion in debt to the U.S. The country is known for its banking sector, which plays a key role in the global economy.
Belgium – $402.1 Billion
With a debt of $402.1 billion, Belgium remains a crucial part of the European economy and has historical ties with the United States.
France – $363.1 Billion
France, a major European economy, owes $363.1 billion. The two countries share a history of partnership, especially in defense and trade.
Ireland – $329.3 Billion
Ireland’s debt to the U.S. stands at $329.3 billion, reflecting its increasing integration into global markets and strong economic performance.
Switzerland – $311.6 Billion
Switzerland has a debt of $311.6 billion, balanced by its reputation for stability and a robust banking system.
Taiwan – $297.8 Billion
Taiwan owes $297.8 billion, showcasing its significance in international trade and technology sectors.
Hong Kong – $262.9 Billion
With a debt of $262.9 billion, Hong Kong is a vital financial center in Asia, influencing global markets.
Singapore – $262.7 Billion
Singapore closely follows with $262.7 billion in obligations. Its strategic position in Southeast Asia contributes to its economic strength.
India – $239.9 Billion
India owes $239.9 billion, emphasizing its rapid development and growing investment opportunities.
Brazil – $208.4 Billion
Brazil’s debt of $208.4 billion reflects its position as the largest economy in South America.
Norway – $200.1 Billion
Norway, with its wealth from natural resources, has a significant debt of $200.1 billion to the U.S.
Saudi Arabia – $131.6 Billion
Saudi Arabia’s financial ties with the U.S. result in a debt of $131.6 billion, influenced by oil trade.
South Korea – $125.8 Billion
South Korea’s debt of $125.8 billion reflects its alliances and economic partnerships with the U.S.
Germany – $111.4 Billion
Germany, Europe’s largest economy, owes $111.4 billion, highlighting the intricate economic relationship between the two countries.
United Arab Emirates – $104.4 Billion
Finally, the United Arab Emirates concludes the list with a debt of $104.4 billion, showcasing its role as a rising economic power in the Middle East.
These financial relationships between countries and the United States play a crucial role in shaping the global economy and influencing international relations. Understanding these debts can provide insights into the exercise of power, economic strategy, and global interdependencies.
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