Ireland’s €240bn debt: how does it compare with other countries?
Contents
What is Ireland’s national debt 2020?
In the latest reports, Ireland National Government Debt reached 270.6 USD bn in Mar 2021. The country’s Nominal GDP reached 112.1 USD bn in Dec 2020.
How much debt is Ireland 2021?
Gross National Debt at End-October 2021
| Composition of National Debt at End-October 2021 | €bn | Movement from end-2020 €bn |
|---|---|---|
| Gross National Debt | 238.6 | 19.1 |
| Cash and Liquid Assets | 28.3 | 10.9 |
| Other Non-Liquid Financial Assets | 2.1 | 0.3 |
| National Debt | 208.2 | 7.9 |
Which country has most debt?
List
| Rank | Country/Region | External debt US dollars |
|---|---|---|
| 1 | United States | 2.29×1013 |
| 2 | United Kingdom | 9.019×1012 |
| 3 | France | 7.3239×1012 |
| 4 | Germany | 5.7358032×1012 |
Which EU country is most in debt?
Greece
At the end of 2020, 14 out of 27 EU Member States reported debt to GDP ratios higher than the reference value of 60.0 %, while seven EU Member States recorded debt to GDP ratios of more than 100.0 %: Greece recorded the highest debt to GDP ratio at 205.6 %, followed by Italy (155.8 %), Portugal (133.6 %), Spain (120.0
Who owns Ireland’s debt?
Ownership of Irish Government Bonds
| € million | Dec. 2015 | Dec. 2020 |
|---|---|---|
| 1. Resident | 50,846 | 65,752 |
| Resident as % of total | 40.6% | 48.3% |
| –Credit Institutions and Central Bank* | 46,949 | 62,297 |
| General Government | 787 | 452 |
How much is Ireland worth?
$28.14 billion (2017 est.)
How bad is Ireland’s national debt?
The ESRI notes that Ireland’s debt-to-GDP (gross domestic product) ratio, which is typically used in assessments of sovereign debt, stood at a relatively low 59 per cent in 2020, albeit acknowledging “the well-known difficulties with GDP in an Irish context”.
What is Ireland’s deficit?
Government deficit of €2.5 billion in the second quarter of 2021. The deficit in Q2 2021 of €2.5bn represents the sixth consecutive quarterly deficit. While public health restrictions began to ease over the second quarter, the ongoing pandemic supports are reflected in the size of the deficit.
How much is America in debt?
Public and government accounts
As of July 20, 2020, debt held by the public was $20.57 trillion, and intragovernmental holdings were $5.94 trillion, for a total of $26.51 trillion. Debt held by the public was approximately 77% of GDP in 2017, ranked 43rd highest out of 207 countries.
What country has no debt?
Brunei is one of the countries with the lowest debt. It has a debt to GDP ratio of 2.46 percent among a population of 439,000 people, which makes it the world’s country with the lowest debt. Brunei is a very small country located in southeast Asia.
What country is most in debt 2021?
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).
Which country has least debt?
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 does Ireland owe the EU?
In the third quarter of 2020, Greece’s national debt amounted to about 341.02 billion euros.
National debt in the member states of the European Union in the 4rd quarter 2020 (in billion euros)
| Characteristic | National debt in billion euros |
|---|---|
| Estonia | 4.95 |
| Ireland | 218.16 |
| Greece | 341.02 |
| Spain | 1,345.57 |
What is Russia’s debt?
In 2019, the national debt of Russia amounted to around 208.15 billion U.S. dollars.
Russia: National debt from 2016 to 2026 (in billion U.S. dollars)
| Characteristic | National debt in billion U.S. dollars |
|---|---|
| – | – |
Which EU country has lowest GDP?
Bulgaria
Bulgaria had the lowest level of GDP per capita in the EU in 2020, followed by Greece and Croatia.
Why does Ireland own so much US debt?
However, a big factor in Ireland’s place is the fact that many U.S. multinational companies, such as Alphabet/Google, set up shop there for more favorable taxes on foreign returns.
Has Ireland paid back the bailout money 2019?
The Irish government has repaid the emergency loan it got from the UK during the last financial crisis.It repaid the last of a €22.5bn (£19.25bn) International Monetary Fund (IMF) loan in 2017 as well as smaller loans from Sweden and Denmark.
Is Ireland richer than America?
The economy: Irish people are now richer than Americans, according to the report. For the first time since the report was compiled, the Irish GDP per capita, adjusted for purchasing power to $36,360, is higher than the US figure of $35,750.This is about half the levels found in the US or Scandinavian countries.
Is Ireland’s economy good?
Ireland’s economic freedom score is 81.4, making its economy the 5th freest in the 2021 Index.Ireland is ranked 2nd among 45 countries in the Europe region, and its overall score is above the regional and world averages. The Irish economy has maintained its standing among the ranks of the economically free.
Are there billionaires in Ireland?
Among the gainers are Denis O’Brien, Eugene Murtagh and Dermot Desmond. Denis O’Brien experienced a rise in his net worth, according to Forbes. It has been a good year for Irish billionaires with a new ranking showing that most of them saw a rise in their fortunes.
