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
This story is from the November 2023 edition of Business Today Sri Lanka.
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This story is from the November 2023 edition of Business Today Sri Lanka.
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