In this line, as of September 28, data compiled by Finbold indicated that the US national debt had reached an astonishing $33.11 trillion. Considering the nation’s population of 335.27 million, this equates to a debt burden of approximately $98,769.91 for each citizen. Among the world’s leading economies, the United States ranks second in national debt per capita, trailing only Japan, which carries a debt load of $13.50 trillion, translating to roughly $104,336 per citizen for its population of 129 million.
Italy follows with a per capita national debt of $58,202, encompassing a total debt of $3.61 trillion. France is next in line with a per capita national debt of $55,828. The United Kingdom rounds out the top five, where each citizen bears a debt of approximately $54,667.
Elsewhere, China, boasting the highest population worldwide at 1.47 billion, has a per capita debt of $9,849, tied to a national debt of $14.5 trillion. India, with a population of 1.41 billion, carries a per capita debt of $2,336 and a national debt of $3.29 trillion.
Implication of US national debt
Esta historia es de la edición November 2023 de Business Today Sri Lanka.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 2023 de Business Today Sri Lanka.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Argentina Rebounds: Record USD 888M Trade Surplus Marks Economic Turnaround
In October 2024, Argentina recorded a remarkable trade surplus of USD 888 million, marking a significant recovery from the USD 442 million trade deficit in October 2023. This shift in trade dynamics underscores Argentina's economic resilience and the effectiveness of recent policy measures aimed at bolstering exports and managing imports.
Global Logistics Costs to Grow by 12 percent and hit USD 14.4 Trillion by 2029
AIthough companies actively work to reduce logistics costs, they remain a significant expense on their income statements. In 2024, businesses across the globe collectively spent USD 12.8 trillion on logistics, USD 330 billion more than last year, and this massive figure will become even bigger in the next five years.
Heart To Heart Trust Fund: Saving Lives for a Decade
As the Heart To Heart Trust Fund celebrates a decade of transforming lives, it remains a testament to the power of community, compassion, and unwavering dedication.
Driving Sustainable Finance: The Partnership Between the IMF, the World Bank, and Bloomberg Philanthropies
In an era where sustainable development is no longer a choice but a necessity, the International Monetary Fund (IMF) and the World Bank are pioneering a new path in global finance. With the support of Bloomberg Philanthropies, their joint efforts are not just transforming economies but reshaping how the world views sustainable growth. As IMF Managing Director Kristalina Georgieva succinctly put it, \"This is how we do it\" a bold declaration of leadership and action in the face of unprecedented global challenges.
Trump Victory fuels 40 percent Surge in Dogecoin Millionaires
Following Donald Trump's 2024 presidential victory, Dogecoin (DOGE) experienced a significant boost, both in price and in the number of millionaire wallets.
President Dissanayake Urges IMF to Strike a Balance in Economic Recovery Program
The Government of President Anura Kumara Dissanayake reaffirmed its readiness to collaborate with the International Monetary Fund (IMF) to advance Sri Lanka's economic recovery within the context of the mandate. Peter Breuer, Senior Mission Chief and the IMF delegation met with President Dissanayake and key ministers of the newly-formed government at the Presidential Secretariat, to discuss the next steps in the IMF program.
Historic Donald Trump Comeback Creates Over 11,000 new Bitcoin Millionaires
While Bitcoin (BTC) attempted a breakout already as Americans were casting their ballots, the true rally came once President-Elect Donald Trump's lead in the electoral college started becoming overwhelming.
Responsibility at the Heart of Power: President Dissanayake's Call to Action for Ministers
The Weight of Responsibility - President Dissanayake highlighted the importance of wielding the immense power granted to ministers with responsibility. He reminded the new Cabinet Ministers that their victory marks the beginning of a collective journey toward uplifting the nation.
BOC PBT is up by 66 percent in Third Quarter of 2024
In the first nine months of 2024, the Bank of Ceylon skillfully navigated Sri Lanka's complex economic terrain. The Bank achieved a remarkable Profit Before Tax (PBT) of 37.6 billion rupees, a substantial 66 percent increase over the same period in the previous year. This exceptional performance highlights the Bank's resilience and adaptability in the face of volatile market conditions and numerous challenges.
Top Trends Tourists Prioritize when Selecting a Destination
The tourism industry has experienced a fundamental shift in recent years, largely influenced by changing traveler preferences and new insights from Online Travel Agencies (OTAs), the World Tourism Organization (WTO), and digital channel managers. As destinations and providers look to cater to these evolving demands, understanding the primary trends is essential for tapping into the modern traveler mindset.
