Economic and political instability, the budget deficit forces the governments of the countries to resort to borrowed funds. Money borrowed from other states, international funds and investors help to increase financial opportunities and replenish the country's resources. But on the other hand, they increase the risks of manifestation of the economic crisis. External debt is the difference between borrowed funds and interest payments and principal debt. It is measured in dollars for ease of comparison with GDP.In many countries, such debt accumulated for decades. Its increase was facilitated by the global crisis of 2007-2008.But the external debt of the countries of the world for 2015 broke all records. In the leaders among the debtors, the countries of the Eurozone have broken out. The world's largest economy, the United States, holds the first position.
The ranking included a dozen countries with the largest external loan in the world for the previous year.
10
Canada 1.49 trillion.dollars
Canada opens the top ten countries in the world with the largest external debt.
Debt of the country began to grow actively during the 2008 crisis. Since that time, to cover the budget deficit and stimulate the economy, the country owes the world $ 1.49 trillion. If you divide this amount, then for each Canadian will have 39 thousand dollars of debt. In 2015, Canada experienced an economic downturn and the country's GDP decreased. The main position in the economy is occupied by the logging and oil producing industries. And oil is extracted by a much more complicated and expensive method, unlike the traditional one. The fall in oil prices forced industrialists to cut production costs. First of all, through the reduction of jobs. The state had to resort to loans to provide social guarantees to the population and stabilize the economic situation.
9
Spain 1.5 trillion.dollars
Spain on the ninth line of the rating. The external debt of this country has reached the highest value in the whole history. If you divide it per capita, then you will have 31 thousand dollars for each. And if you split the debt by interest, then each will have more than 720 euros and this despite the fact that the average salary in the country is just over 650 euros. To repay the debt, the government allocates more funds than to fight unemployment and social programs. At the same time, GDP grew by 3% and specialists predict another increase in 2016.At the end of 2015, the total external debt of the country was estimated at $ 1.5 trillion.
8
Brazil 1.8 trillion.dollars
Brazil owes the world about $ 1.8 trillion. For one of the largest Latin American countries, 2015 was marked by an economic decline in production of almost 4%, a rise in inflation and unemployment. The fall in prices for raw materials( and this is mainly agriculture), a decrease in demand from China's main trading partner, an unfavorable political situation were prerequisites for the growth of the state's public debt. Investors try not to invest in bonds of Brazil. But nevertheless, the country's currency reserves are strong enough that there are no problems with servicing the external debt.
7
France 2.3 trillion.dollars
The state debt of one more state of the Eurozone is growing - of France .For 2015, the loan amount was 2.3 trillion dollars. Low consumer activity, a high unemployment rate of 10.5% and virtually no investment hinder the development of the economy. But do not interfere with the build-up of public debt, which by 2015 was just above 95% of GDP.Every Frenchman owes 34 thousand euros and this debt continues to grow.
6
Italy 2.5 trillion.dollars
Italy with a debt of 2.5 trillion dollars hit the top ten countries with the largest loan. The government is not going to stop, increasing the amount of borrowed funds. Thus, it tries to stabilize the economic situation in the country. Each resident of the country has 41 thousand euros of debt, which is more than 130% of GDP.Experts see the problem in the unfavorable climate for business that the state created, in a high level of corruption, in the absence of reforms capable of changing the current structure of power. Despite the fact that Italy is gaining debts to raise the economy, the growth of the latter is not observed.
5
United Kingdom 2.52 trillion.dollars
Economy UK is considered one of the most developed in the world. But in 2015, the country's debt exceeded the mark of 2.52 trillion dollars. The bulk of it is made up of short-term loans from commercial banks. Most of the United Kingdom should the United States and Germany, France and Spain. Due to the large stock of gold and foreign exchange assets, experts do not sound alarm and do not talk about the crisis of the economy. The British pound, being a convertible currency, firmly holds its positions.
4
Germany 2.6 trillion.dollars
Germany is located in a step from the world's top three debtors. The amount owed by the country is estimated at 2.6 trillion dollars.
But despite the relatively large debt, the German economy remains stable. As for the ratio of debt to GDP, the country has the highest rate for these criteria in the world - more than 80%.
3
China 3.1 trillion.dollars
China ( PRC) is the world's largest creditor and, paradoxically, it is also one of the main debtors according to the data of 2015.But China is considered a "good" debtor, as its huge reserves of gold and currency provide timely debt payments. The amount of China's debt at the beginning of 2016 amounted to 3.1 trillion dollars.
2
Japan 12.2 trillion.dollars
Japan - one of the most scrupulous countries in terms of finance has become one of the largest debtors in the world by the end of 2015.Her debt to date is $ 12.2 trillion, and he is growing more and more every day. Only over the past year, its amount has increased by more than 1.4 trillion dollars. The accident at the Fukushima nuclear power plant after the 2011 tsunami was very strong on the country's economy. The state was forced to increase the debt to eliminate the consequences.
1
United States 19.75 trillion.dollars
US occupy the first line of the rating. The most developed economy and one of the largest countries has the largest external debt, which is estimated at 19.75 trillion dollars. This figure only says that Americans do not save, and their expenses sometimes exceed revenues.
The main US investors are China and Japan. These countries, at any level of the debt of the United States, will buy their bonds, so that America could use money to pay for their goods. Russia is also one of America's top ten creditors.
