General government gross debt - IMF

General government gross debt - IMF | In24By7

Japan (Overall) – Total debt: $3,408,980,000,000

Japan receives many benefits from a workforce that is highly skilled and its citizens are among the most highly educated in the world with the highest rates of citizens with educational degrees. It ranks as number three for having the largest economy by nominal GDP, and number four for its purchasing power parity. Japan is a member of the OECD, the G7, the G8, the G20 and the United Nations. It has developed a very high standard of living as well as Human Development Index. Japan has the third lowest mortality rate for infants, the highest life expectancy and is known for its major contributions to the fields of modern day technology and science.

Italy- Total debt: $ 2,285,740,000,000

The country of Italy currently has the ranking of third largest for GDP within the Eurozone as well as being number eight within the world. The Italian economy is advanced with a rating of the sixth largest with regards to national wealth. The extremely high level of human development is also rated as sixth in the world for life expectancy. It is a regional power as well as earning the distinction of being a great power. Italy is a member nation of the United Nations, the North American Treaty Organization, the OSCE, the OECD, the United Nations, the World Trade Organization, G20, the G7, the Council of Europe, the Union for the Mediterranean, Uniting for Consensus, the European Union and several more international organizations. Italy is also number five for the most visited countries in the world.

Singapore – Total debt: $1,300,310,000,000

Singapore was founded in 1819 by Stamford Raffles as an east India Company trading post. when the company went into decline, the British Raj was established, as the islands became a part of the British Straits Settlements in 1826, and were ceded to Britain. Singapore was previously occupied by Japan during World War II. In 1963, the country gained its independence from Britain and federated with the territories which once were under the control of Britain to form what is now known as Malaysia. The federation separated a few scant years later because of differences in ideology and in 1965, Singapore became a sovereign nation. The country quickly developed under the umbrella of an Asian Tiger economy that was based upon its external trade and its workforce. It is a global commerce, transport and finance hub and has earned the distinctions of being the city with the best investment potential, the most technology ready nation and the top city to hold international meetings in the world. They rank third in being the largest foreign exchange market, the largest trading and oil refining center and largest financial center. In addition, Singapore ranks second for most competitive country and it is known to be a tax haven.

United States – Total debt: $18,286,510,000,000

The United States of America is a highly developed country. It has the largest economy in the world as rated by nominal GDP, and the second biggest by purchasing power parity, which accounts for roughly twenty five percent of global GDP. The economy of the United States developed postindustrial and the dominating components are activities that are knowledge based and services. The manufacturing base is the second largest in the world. The figure of 33. 2 percent describes the total amount of world wealth that is held by Americans, while the total population of the country only makes up 4.3 percent of the world’s population. The United States ranks very high in per capita GDP, human development, productivity per person and average wage. It is a military leader in the world, accounting for one third of all military spending in the world. It is also a worldwide leader in the fields of technology and science.

Germany – Total debt: $5,084,360,000,000

Germany has the fourth largest economy as rated by GDP, and the fifth by its purchasing power parity. The nation has once again risen to the status of being a great power in the world, with a strong economy. It is a global leader in multiple technological and industrial sectors, being the third largest importer and exporter of goods in the world. The country has developed a very high standard of living. This is maintained by a society of skilled and productive workers. Germany provides a universal health care system, social security, tuition free university education opportunities and environmental protection programs. Germany is a Federal Republic that served as a founding member of the European Economic Community in the year 1957, then assisted with the formation of the European Union in 1993. It is a member of the United Nations, the North Atlantic Treaty Organization, the G7, the G20, the Schengen, the Eurozone, the OECD and other international organizations. Germany has the ninth highest expenditures for military and it is well known throughout the world for its cultural history, musicians, inventors, scientists, engineers, philosophers, artists, entrepreneurs, and sportspeople.

China – Total debt: $1,437,800,000,000

China underwent a series of economic reforms in 1978, and has since become among the fastest growing, ranking as second in largest economy in the world in 2016 as rated by GDP. It possesses the largest by the purchasing power parity, and maintains the position of being the largest exporter in the world.

Link : General government gross debt - IMF