What countries owe the US money? (2024)

What countries owe the US money?

Foreign holders of United States treasury debt

Of the total 7.6 trillion held by foreign countries, Japan and Mainland China held the greatest portions, with China holding 868.9 billion U.S. dollars in U.S. securities.

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Which countries owe the United States money?

Nearly half of all US foreign-owned debt comes from five countries.
Country/territoryUS foreign-owned debt (January 2023)
United Kingdom$668,300,000,000
Belgium$331,100,000,000
Luxembourg$318,200,000,000
Switzerland$290,500,000,000
6 more rows

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Which countries have the most debt to the US?

  1. Japan. Japan held $1.1 trillion in Treasury securities as of October 2023, beating out China as the largest foreign holder of U.S. debt. ...
  2. China. China gets a lot of attention for holding a big chunk of the U.S. government's debt. ...
  3. The United Kingdom. ...
  4. Luxembourg. ...
  5. Cayman Islands.

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How much U.S. debt does China own?

Foreign holders of United States treasury debt

Of the total 7.6 trillion held by foreign countries, Japan and Mainland China held the greatest portions, with China holding 868.9 billion U.S. dollars in U.S. securities.

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How much money does France owe the United States?

Amount of the French Debt
French obligations received by U. S. treasury under Liberty Loan acts$2,997,477,800.00
Bonds received by Secretary of War in payment for surplus war supplies407,341,145.01
(interest on war-surplus bonds has been regularly paid)
TOTAL DEBT$4,137,224,354.57
4 more rows

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What happens if China dumps US bonds?

If China ÔÇťdumpedÔÇŁ USA treasuries, they would take a serious monetary loss. The price of the treasuries would drop, effective raising the return for those who bought the bonds.

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Who owes the U.S. the most debt?

In total, other territories hold about $7.4 trillion in U.S. debt. Japan owns the most at $1.1 trillion, followed by China, with $859 billion, and the United Kingdom at $668 billion.

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Who is the biggest holder of U.S. debt?

Domestic Holders of Federal Debt

The Federal Reserve, which purchases and sells Treasury securities as a means to influence federal interest rates and the nation's money supply, is the largest holder of such debt.

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What is the most indebted country in the world?

At the top is Japan, whose national debt has remained above 100% of its GDP for two decades, reaching 255% in 2023.

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Does the US owe China trillions?

US Treasurys Owned by China, in USD Billions

As of Oct. 2022, China owns $769.6 billion of the total $7,565 billion U.S. national debt.

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What would happen if the US stopped trading with China?

As a result, if the United States and other countries were to stop trading with China, it would disrupt global supply chains and cause economic disruptions in many countries.

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Is China's debt higher 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.

What countries owe the US money? (2024)
How much does Britain owe the US?

How much does the UK owe the US? Financially, nothing. All financial debts including interest from WW2 have been repaid. If it was not for Britain the USA would have found themselves at war with Europe, Japan, Italy, most Arab States and every powerful nation in the world.

How can the US get out of debt?

Key Takeaways
  1. Tax hikes alone are rarely enough to stimulate the economy and pay down debt.
  2. Governments often issue debt in the form of bonds to raise money.
  3. Spending cuts and tax hikes combined have helped lower the deficit.
  4. Bailouts and debt defaults have disadvantages but can help a government solve a debt problem.

Why does the US have so much debt?

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. That can happen by selling marketable securities like treasury bonds.

How Much Is America worth?

The financial position of the United States includes assets of at least $269 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP).

Does Russia have debt?

Public debt in Russia averaged 15.4% of GDP in the decade to 2022, below the average of 32.5% of GDP for Eastern Europe. Public debt in Russia was 18.9% of GDP in 2022.

What would happen if a country was debt free?

Having no more debt means, that the government does not have to pay interest anymore. This can mean, that there is more money free to spend on other things like infrastructure or welfare.

Why is China selling US Treasury?

Selling Treasurys is a fast way to whip up U.S. dollars, and China will sometimes use extra dollars to go out on the global market and buy up their own currency. That artificially pumps up its value. It's like planting someone at an auction to drive up your prices.

Why is Japan selling US Treasuries?

In Japan, currency also plays a role in reduced appetite for U.S. Treasurys. The yen is at a decades low, and some investors think it might rise as interest rates rise in Japan. If the currency does strengthen, that would eat into the value of investments in Treasurys.

Why does China keep buying US debt?

To keep its currency cheap, China must buy dollars. U.S. Treasuries are simply a way to hold dollars while earning a little interest.

Who brought the U.S. debt to 0?

On January 8, 1835, President Andrew Jackson achieves his goal of entirely paying off the United States' national debt. It was the only time in U.S. history that the national debt stood at zero, and it precipitated one of the worst financial crises in American history.

Why does the US owe Japan?

Japan sells more to the U.S. than it buys from the U.S. and thus has excess dollars; Japanese investors can easily get a better and safer return by buying U.S. Treasury bonds than by buying other investment vehicles.

How much debt can the US handle?

We estimate that the U.S. debt held by the public cannot exceed about 200 percent of GDP even under today's generally favorable market conditions.

Who does us owe 31 trillion to?

Many people believe that much of the U.S. national debt is owed to foreign countries like China and Japan, but the truth is that most of it is owed to Social Security and pension funds right here in the U.S. This means that U.S. citizens own most of the national debt.

References

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