Economy of Honduras
| Statistics | |
|---|---|
| Current account | −$380 million (2017 est.) |
| Gross external debt | $8.625 billion (31 December 2017 est.) |
| Public finances | |
| Public debt | 39.5% of GDP (2017 est.) |
Contents
What country has the lowest debt rate?
In 2020, Russia’s estimated level of national debt reached about 19.35 percent of the GDP, ranking 13th of the countries with the lowest national debt.
The 20 countries with the lowest national debt in 2020 in relation to gross domestic product (GDP)
| Characteristic | National debt in relation to GDP |
|---|---|
| Russia | 19.35% |
How much is the Colombia in debt?
In 2019, the national debt of Colombia amounted to around 151.41 billion U.S. dollars.
What country is #1 in debt?
Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. Japan’s national debt currently sits at ¥1,028 trillion ($9.087 trillion USD).
Are there any countries that aren’t in debt?
There are countries such as Jersey and Guernsey which have no national debt, so the pay no interest. All this started with the Napoleonic wars when the government borrowed money to fund the war. Income tax was created to pay the interest ans the capital has just gone on growing and growing.
How much is the external debt?
The country’s Nominal GDP was reported at 5,373.7 USD bn in Dec 2020.
Buy Selected Data.
| country/region | Last |
|---|---|
| External Debt (USD mn) | 21,358,343.0 Dec 2020 |
| External Debt: % of GDP (%) | 102.2 2020 |
| External Debt: Short Term (USD mn) | 7,290,156.0 Jun 2021 |
| External Debt: Short Term: % of GDP (%) | 34.4 2020 |
What is the external debt of Colombia?
External Debt in Colombia averaged 77983.46 USD Million from 2001 until 2021, reaching an all time high of 158391.06 USD Million in July of 2021 and a record low of 36431.04 USD Million in January of 2001.
Which country has highest external debt?
With great external debt comes great responsibility.
Advertisement.
| Rank | Country | ($ Mil.) |
|---|---|---|
| 1 | United States | 21,764,799 |
| 2 | Euro area | 18,075,643 |
| 3 | United Kingdom | 9,837,535 |
| 4 | France | 7,368,685 |
What person has the most debt?
Jerome Kerviel, The Most Indebted Person In The World, Owes $6.3 Billion To Former Employer, Societe Generale. In a hyper-competitive world where everyone strives to be the biggest, boldest and most famous, no one covets Jerome Kerviel record-breaking achievement. He is the most indebted person in the world.
What happens if a country doesn’t pay its debt?
When a company fails to repay its debt, creditors file bankruptcy in the court of that country. The court then presides over the matter, and usually, the assets of the company are liquidated to pay off the creditors. However, when a country defaults, the lenders do not have any international court to go to.
Who is the richest country in the world?
China
Global wealth tripled over the last two decades, with China leading the way and overtaking the US for the top spot worldwide, Bloomberg reported.
Who funds the World Bank?
The World Bank gets its funding from rich countries, as well as from the issuance of bonds on the world’s capital markets. The World Bank serves two mandates: To end extreme poverty, by reducing the share of the global population that lives in extreme poverty to 3% by 2030.
How much money does the US owe China?
In July 2021, Japan owned $1.3 trillion in U.S. Treasurys, making it the largest foreign holder of the national debt. The second-largest holder is China, which owns $1.1 trillion of U.S. debt. Both Japan and China want to keep the value of the dollar higher than the value of their currencies.
Which country has the most debt 2020?
Venezuela
1. Venezuela – 304.125% The data available from 2020 estimates the national debt of this South American country at $160 billion. This puts Venezuela solidly in the lead when it comes to the countries with the highest debt.
What is America in debt for?
U.S. intra-governmental debt components, which totaled $5.47 trillion as of September 2016. This debt mainly represents obligations to Social Security recipients and retired federal government employees, including military.
How much is the Philippine debt?
Outstanding government debt ballooned from 8.2 trillion pesos in 2019 to 10.2 trillion pesos in 2020 as the state ran big deficits to battle the pandemic. Through the first three quarters of 2021, government debt has increased again to 11.9 trillion pesos.
Who does Japan owe money to?
But Japan’s debt is different. It’s mostly owed to the Japanese people in the form of government bonds. The Japanese government owes each of its citizens about 7.5 million yen. Since 95% of its debt is held domestically, its economy is not as precarious as it would be if it were debt to foreign countries.
At what age should you be debt free?
Kevin O’Leary, an investor on “Shark Tank” and personal finance author, said in 2018 that the ideal age to be debt-free is 45. It’s at this age, said O’Leary, that you enter the last half of your career and should therefore ramp up your retirement savings in order to ensure a comfortable life in your elderly years.
Who is most broke celebrity?
The list also contains broke celebrities net worth.
- Curtis Jackson (Net worth: 30M)
- Nicolas Cage (Net worth: $25M)
- Pamela Anderson (Net worth: $20M)
- Lisa Marie Presley (Net worth: $16M)
- Johnny Depp (Net worth: $15M)
- Mike Tyson (Net worth: $15M)
- Lena Headey (Net worth: $14M)
- Wesley Snipes (Net worth: $10M)
How much debt does average 30 year old have?
Average American debt by age
| Age 18-29 | Age 30-39 | |
|---|---|---|
| Auto loan debt | $3,929 | $6,151 |
| Credit card debt | $1,366 | $3,303 |
| HELOC debt | $73 | $526 |
| Mortgage debt | $8,725 | $40,697 |
What if the US defaulted on its debt?
Investors such as pension funds and banks holding U.S. debt could fail. Tens of millions of Americans and thousands of companies that depend on government support could suffer. The dollar’s value could collapse, and the U.S. economy would most likely sink back into recession.
