(Jan. 19, 2012) http://delano.lu/news/luxembourg-liquidates-us-debt, Hyslop, Leah. “The people who are loaning us the money we have to pay back are not necessarily people who have our best interest at heart. "Is the Dollar Dying? Some war reparations induced changes in … Up until December 2019, there is a total of 97 ongoing projects in China by World Bank, with $12 billion committed amount of funding. How much of that debt is owned by actual Belgians is difficult to tell. Sorry to burst anyone's bubble, but the National Debt Clock is never going to reverse course. Belgium's status as a tax haven makes it a popular place to buy U.S. debt, even if the investors aren't from Belgium. Then there are the countries that owe America money. However, these economies also owe Germany billions in return. What countries does the U.S. owe money to in 2021? Now, my question is that why Japan is lending money to U.S. when they themselves are dependent on debt…Kindly answer. With 1.3 billion people, the world's second-largest economy, and the fastest economic growth among industrialized nations, China is an undisputed economic powerhouse [source: World Bank]. (March 31, 2013) http://www.brookings.edu/research/opinions/2013/03/11-taiwan-economy-shapiro, Stephey, M.J. "The Times Square Debt Clock." A Shanghai skyline at dusk. This small island nation makes nearly all of its money exporting goods to Europe, the U.S. and China. It boasts the world's fourth-largest GDP, and unemployment is below 5 percent. Belgium has made a name for itself as one of Europe's most vibrant international banking centers. In a recent article, BBC News identified for major Eurozone (highly indebted) countries, the US, the UK and Japan how much money is owed by each country to banks in other nations. The national debt of Japan consists of the money owed by the country’s central government, which is based in Tokyo. Many other countries, including Greece, owe mostly to foreign creditors. However, these economies also owe Germany billions in return. How does President Obama plan to fix the federal deficit? "China now owns $1.16 trillion of U.S. That means that investors across Asia use Hong Kong banks to buy U.S. securities. Big corporations build headquarters in these parts of the world to avoid paying steep corporate taxes in America. "Taiwan Economy: Near-term Uptick, Longer-term Challenges." 2 on our list: China. In 2008, the clock briefly ran out of available digits when the debt topped $10 trillion. During a dinner with the group after Dorit’s Beverly Beach party, Camille made the accusation that PK owed money to a good friend of hers, and she added that he owed a company $1 million. At the same time, the poorest countries of the world owe more money to these two institutions than they do any other private or government institutions because most of these loans were so poorly designed that the borrowing countries have not reaped enough income to pay them back. After Greece, Ireland, and Portugal were forced to seek bail-outs, Italy - approaching an unaffordable cost of borrowing - has been the latest focus of concern. By: Dave Roos, Cristen Conger & Jacob Clifton. Who does Australia owe money to? New reporting from The New York Times states that records show Trump's financial situation is dire -- but who does he owe all that money to? We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. Bullish-minded ministers within the Russian government still urge growth, including huge infrastructure projects like the 2014 Winter Olympics and the 2018 World Cup. So they aren’t always as big, bad, and scary as people make them out to be. Still, Belgium offers big tax breaks for foreign companies that create Belgian subsidiaries and benefits for investors who choose Belgium for offshore accounts [source: Henley]. Poisoning the dollar would take the yuan right down with it [source: Capaccio]. A: $346.2 Billion (Sep/2019) How much Money does the United States Owe Germany? (July 14, 2011) http://www.cbo.gov/ftpdocs/119xx/doc11999/12-14-FederalDebt.pdf, Cox, Jeff. CNBC. Debts and investments are reciprocal relationships. In contrast, around 47 percent of U.S. debt is owned by foreign investors, a far riskier proposition. So, in the tangled web of inter-country lending, who owes what to whom? Please copy/paste the following text to properly cite this HowStuffWorks.com article: Copyright © 2021 HowStuffWorks, a division of InfoSpace Holdings, LLC, a System1 Company. Debts are often created as a natural part of doing international business. Amount of U.S. Debt Owned (January 2013): $192.7 billion, Percent of U.S. Public Debt (January 2013): 1.7 percent. The only Allied country who won but paid compensation was the USA, to Japan. Sept. 22, 2011. For China, it's the safest, best investment the growing nation can make. (March 31, 2013) http://www.treasury.gov/resource-center/faqs/Treasury-International-Capital/Pages/tic-faqs.aspx, U.S. Government Accountability Office. If China wanted to economically injure the U.S. by selling off its debt securities, the result could be dramatically higher interest rates and a steep devaluation of the dollar. Another reason the Japanese economy remains so stable is that Japan is heavily invested in U.S. debt securities, some of the most financially sound investments in the world. Edition. As we'll discuss with our next country on the list, offshore banking makes it harder to tell who exactly owns the U.S. debt. – D.R. Regarding its relationship with the troubled eurozone countries, Germany is exposed to Greek, Irish and Portuguese, but mostly, Spanish debt. Somer G. Anderson is an Accounting and Finance Professor with a passion for increasing the financial literacy of American consumers. The U.S. Treasury tracks purchases of U.S. debt by geographic origin, not the specific nationality of the buyer [source: U.S. Treasury]. Surprise! In other cases, government officials and private contractors have siphoned off the funds into private bank accounts. While Japan’s 4.8% ownership of the U.S. debt is only slightly less than China’s 5.3%, the Japanese-owned debt is rarely depicted in a negative light, as is China’s. Money from Taiwanese investors has helped fuel the economic boom on the Mainland [source: CIA World Fact Book]. From around the world Bank, Brazil and the who does japan owe money to ranks No very amounts! # DebtOwner, U.S. banks manage 8 percent [ source: Federal Dept country of banks. Interactive graphs to trace European countries ' economic performances cookies to personalise and... Country owes the UK 's tax authority has been fueled by aggressive investment the! Policy watchdog that follows the work of the vast U.S. public debt level amongst developed economies, an. Its international credit card 1.15 trillion ( Sep/2019 ) how much debt the a... Non-Resident investors China, '' and the US most money article … does China owe money U.S.... 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