National debt is one of the most debated issues in politics.
After the global recession, people began questioning debt and the implications of too much debt.
While some country’s have high debt and some have low, a better measure is the amount of debt dividend by population.
Take a look at the map below to see “the snowball of debt” and see how much people in each country owe towards their country’s debt.
The trend in the chart is pretty clear: wealthier nations have more debt.
Japan, Ireland and Singapore are above the trend, with Japanese people in particular owing a lot towards their country’s debt.
People living in developed countries owe quite a bit towards their country’s national debt, while people living in undeveloped nations owe very little.
Here are the countries where people owe the most debt per person:
- Japan: $85,694.87 per person
- Ireland: $67,147.59 per person
- Singapore: $56,112.75 per person
- Belgium: $44,202.75 per person
- United States: $42,503.98 per person
- Canada: $42,142.61 per person
- Italy: $40,461.11 per person
- Iceland: $39,731.65 per person
- Australia: $38,769.98 per person
- United Kingdom: $36,206.11 per person
Countries where people owe the least
Liberia: $27.44 per person
Tajikistan: $50.67 per person
Democratic Republic of Congo: $90.70 per person
Burundi: $97.62 per person
Kiribati: $126.98 per person
Malawi: $172.34 per person
Uzbekistan: $177.13 per person
Uganda: $194.23 per person
Haiti: $204.33 per person
Mali: $207.54 per person
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.