WASHINGTON: United States (US) has been ranked as the World’s most indebted country with a national debt of $32.9 trillion, followed by China at $15 trillion. While Pakistan is at number 33, according to a new report by the American research organization World Population Review.
At the top of the list is the United States, burdened with a national debt of 32.9 trillion dollars, where each American owes roughly 76,000 dollars.
It is followed by China (15 trillion dollars), Japan (10.9 trillion dollars), the United Kingdom (3.4 trillion dollars), France (3.4 trillion dollars), Italy (3.1 trillion dollars), India (3 trillion dollars), Germany (2.8 trillion dollars), Canada (2.3 trillion dollars), and Brazil (1.8 trillion dollars).
According to the report, India has become the seventh most indebted country in the world, with a national debt of 3 trillion (3,000 billion) dollars. On average, each Indian citizen owes 504 dollars.
The report states that the Indian government now pays billions of dollars annually in interest payments, while millions of its citizens remain deprived of basic necessities of life.
Pakistan ranks 33rd, with a national debt of 260.8 billion dollars, meaning each Pakistani owes 543 dollars. Bangladesh’s national debt stands at 177.6 billion dollars, making each Bangladeshi citizen indebted by 611 dollars.
Among major countries, Afghanistan has the lowest national debt, at just 1.6 billion dollars, with each Afghan owing only 30 dollars. However, in terms of per capita debt, Ireland ranks highest, with each Irish citizen owing 614,000 dollars.
Within the Muslim world, the most indebted nations are Indonesia (543 billion dollars), Egypt (377 billion dollars), Turkey (330 billion dollars), Saudi Arabia (280 billion dollars), and Malaysia (278 billion dollars).
