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Top 20 Countries in Debt to the USA
As of March 2025, the United States continues to have significant financial ties with various countries around the globe. These connections are not just about trade but also involve complex relationships tied to national debt. Below is a detailed breakdown of the top 20 countries that owe money to the U.S. government.
Japan – $1.13 Trillion
Japan holds the number one spot, with an outstanding debt of $1.13 trillion. This relationship is vital not only for America’s economy but also for Japan’s, considering their strong trade links and technological partnerships.
United Kingdom – $779.3 Billion
Next on the list is the United Kingdom, which owes approximately $779.3 billion. The economic alliance between the U.S. and the UK has a long history, rooted in shared interests and cultural ties.
China – $765.4 Billion
China, a significant player in the global market, comes in third with a debt of $765.4 billion. The U.S.-China relationship is complex, marked by both cooperation and competition, making this debt a focal point in financial discussions.
Cayman Islands – $455.3 Billion
Surprisingly, the Cayman Islands are fourth on the list, with $455.3 billion owed to the U.S. This figure highlights the role of tax havens in international finance, as many corporations route their funds through this territory.
Canada – $426.2 Billion
Neighboring Canada follows closely with a debt of $426.2 billion. The two countries share strong trade relationships and cultural ties, which are reflected in their financial interactions.
Luxembourg – $412.4 Billion
Luxembourg, known for its strong financial services sector, holds about $412.4 billion in U.S. debt. This partnership illustrates the importance of the financial industry in Luxembourg’s economy.
Belgium – $402.1 Billion
Belgium comes in at seventh place with a debt of $402.1 billion. As a founding member of NATO and the EU, Belgium plays a strategic role in transatlantic relations.
France – $363.1 Billion
France, with a rich history of partnership with the U.S., owes $363.1 billion. The two nations often collaborate on various global issues, from climate change to security.
Ireland – $329.3 Billion
Ireland’s debt to the U.S. stands at $329.3 billion. The strong ties between the two countries are underscored by a shared cultural heritage and substantial American investment in Ireland.
Switzerland – $311.6 Billion
Switzerland, recognized for its banking prowess, comes next with a debt of $311.6 billion. Its neutral stance in global politics often benefits its economic relations with the U.S.
Taiwan – $297.8 Billion
Taiwan holds $297.8 billion in debt to the U.S. This financial relationship is critical, considering the geopolitical tensions in the region.
Hong Kong – $262.9 Billion
Hong Kong, recognized as a financial hub, owes the U.S. $262.9 billion. The dynamics between the U.S. and Hong Kong have shifted in recent years, but the economic ties remain strong.
Singapore – $262.7 Billion
Almost tied with Hong Kong, Singapore owes $262.7 billion. The U.S. and Singapore maintain close economic and defense ties, contributing to stability in Southeast Asia.
India – $239.9 Billion
India’s debt to the U.S. stands at $239.9 billion. The growing relationship is often highlighted by exchanges in technology, defense, and trade.
Brazil – $208.4 Billion
Brazil’s debt amounts to $208.4 billion. As the largest economy in South America, Brazil’s relationship with the U.S. plays a crucial role in regional trade dynamics.
Norway – $200.1 Billion
Norway comes in with a debt of $200.1 billion. The two countries often collaborate on environmental and sustainability issues, making their economic ties particularly relevant in today’s climate.
Saudi Arabia – $131.6 Billion
Saudi Arabia owes $131.6 billion to the U.S., demonstrating a complex relationship that intertwines oil, security, and trade.
South Korea – $125.8 Billion
South Korea’s debt stands at $125.8 billion. The economic partnership has significant implications related to security, technology transfer, and cultural exchange.
Germany – $111.4 Billion
Germany, with its strong economy, has a debt of $111.4 billion. As a major player in the European Union, Germany’s financial ties with the U.S. are crucial for transatlantic relations.
United Arab Emirates – $104.4 Billion
Finally, the United Arab Emirates owes $104.4 billion. This relationship is pivotal due to its strategic importance in the Middle East and as a major player in global oil markets.
Understanding the financial relationships represented by these debts is essential for grasping the intricacies of international relations. As these countries owe substantial sums to the U.S., it highlights the interconnectedness of global economies and the various factors influencing financial stability worldwide.
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