FAQs
What is Russia's national debt in 2024? ›
Key information about Russia National Government Debt
Russia National Government Debt reached 284.6 USD bn in Apr 2024, compared with 283.2 USD bn in the previous month.
In the latest reports, Russia National Government Debt reached 281.6 USD bn in Feb 2024. The country's Nominal GDP reached 494.7 USD bn in Mar 2023.
Who owns most of Japan's debt? ›But most of Japan's debt is owned by domestic investors. The country's external position is bolstered by a large current account surplus and foreign exchange reserves worth more than $1 trillion. At the end of last year, Japan's overseas assets were around 84% of its annual economic output.
What country has the most debt in the world? ›Japan has the highest percentage of national debt in the world at 259.43% of its annual GDP.
How rich is Russia in 2024? ›The 2024 budget expects revenues of 35 trillion rubles ($349 billion) with expenditure of 36.6 trillion, based on a Urals oil forecast of $71.30 per barrel, a 90.1 rubles to USD 1 exchange rate and inflation of 4.5%. Defence spending will double to 10.78 trillion, 29.4% of expenditure.
What is America's national debt? ›The $34 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts. In very basic terms, this can be thought of as debt that the government owes to others plus debt that it owes to itself. Learn more about different ways to measure our national debt.
Is China in more debt than the US? ›Debt as a share of GDP has risen to about the same level as in the United States, while in dollar terms China's total debt ($47.5 trillion) is still markedly below that of the United States (close to $70 trillion). As for non-financial corporate debt, China's 28 percent share is the largest in the world.
Who has the most Russian debt? ›Exposure to Russian debt was highest in Italy and France, where upwards of $25 billion was owed each at the end of the third quarter of 2021. In Austria and the U.S., exposure stood at $17.5 billion and $14.7 billion, respectively.
Which country has the lowest debt? ›- Brunei. 3.2%
- Afghanistan. 7.8%
- Kuwait. 11.5%
- Democratic Republic of Congo. 15.2%
- Eswatini. 15.5%
- Palestine. 16.4%
- Russia. 17.8%
Among other countries, Japan and China have continued to be the top owners of US debt during the last two decades. Since the dollar is a strong currency that is accepted globally, holding a substantial amount of US debt can be beneficial.
Is Germany in debt? ›
German general government debt up in 2023 by €62 billion to €2.62 trillion, debt ratio down from 66.1% to 63.7% General government debt in Germany increased by €62 billion in 2023 to €2.62 trillion.
Why is the US in so much debt? ›One of the main culprits is consistently overspending. When the federal government spends more than its budget, it creates a deficit. In the fiscal year of 2023, it spent about $381 billion more than it collected in revenues. To pay that deficit, the government borrows money.
Will the US ever get out of debt? ›Under current policy, the United States has about 20 years for corrective action after which no amount of future tax increases or spending cuts could avoid the government defaulting on its debt whether explicitly or implicitly (i.e., debt monetization producing significant inflation).
Which are the top 3 countries owning the US debt? ›Nearly half of all US foreign-owned debt comes from five countries. All values are adjusted to 2023 dollars. As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).
What country is in the most debt in 2024? ›- Sierra Leone. Debt-to-GDP Ratio (2024): 82.6. ...
- The Bahamas. Debt-to-GDP Ratio (2024): 83.7. ...
- China. Debt-to-GDP Ratio (2024): 87.4. ...
- Egypt. Debt-to-GDP Ratio (2024): 88.1. ...
- Saint Vincent and the Grenadines. Debt-to-GDP Ratio (2024): 89.2. ...
- Brazil. ...
- Republic of Congo. ...
- Dominica.
Fund composition
1 January 2024 ($133 billion) comprising: 227.33 bln Chinese yuan (worth $31 billion), 358.96 tons of gold (worth $25 billion) and 1.514 bln ruble (worth $1 billion) plus other non liquid unnamed assets (valued at $76 billion).
U.S. publicly held debt 2013-2024
In April 2024, the public debt of the United States was around 34.62 trillion U.S. dollars, more than two trillion more than in July when it was around 32.6 trillion U.S. dollars.
In April 2024, the inflation rate in Russia stood at around 7.8 percent compared to the same month of the previous year. The figure has increased gradually since December 2023. The highest rate over the observed period was recorded in April 2022 at 17.8 percent.
What is the GDP of Russia in 2024 in trillion? ›Russia GDP: $4.304 Trillion
GDP in Russia is estimated to be $4.304 trillion international dollars at the end of 2024. The economy of Russia has grown at an average annual growth rate of 1.4% in the last four years and is ranked the 4th largest economy in Asia-Pacific, ahead of Indonesia.