The external debt for the United Kingdom is just too high to sit on top. United Kingdom is number 1 in the list of external debts, and has an external debt of $2.29×1013 . The 10 top countries in external debts include India to be positioned at #8. The data for all other countries, which we learned so far is since 2017. Recent 10 top countries in external debts learned reasonably so because of the latest data as reported here. 2019s, and so on.
- United Kingdom – $2.29×1013 (2019)
- France – 7.3239×1012 (Dec 2020)
- Germany – 5.7358032×1012 (March 31, 2020)
- Japan – 4.7653479×1012 (March 31, 2020)
- Netherlands – 4.560190614×1012 (May 1, 2020)
- China – 2.0946×1012 (March 1 2020)
- Australia – 1.8335321×1012 (Sept 30, 2020)
- India – 5.713×1011 (June 2021)
- Singapore – 1.6692×1012 (June 30, 2021)
- Austria – 7.570553×1011 (Dec 31, 2020)
However, the current debt crises for all the countries is due to the pandemic. India’s neighboring country Pakistan since Sept 30, 2021 stands at 54th position. Pakistan has an external debt – $1.2221×1011.
More others not included even though we’ve have latest information because the list goes on to over 200 countries.
External debts are the country’s debts borrowed from foreign lenders, including commercial banks, governments, or international financial institutions. These debts are so high because of poor governance and due to the pandemic. New Zealand is one among few countries to have zero debts.
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