A new report has revealed where Pakistan and India stand in the global debt rankings, and the numbers are eye-opening.
According to the latest World Population Review, India holds the 7th position among the world’s most indebted nations with a massive $3 trillion in debt. To put that in perspective, every Indian citizen technically owes about $504.
Pakistan, meanwhile, ranks 33rd on the list with a total debt of $260.8 billion. When you break it down per person, that works out to roughly $543 for every Pakistani. Our neighbor Bangladesh isn’t far behind, owing $177.6 billion in total, which translates to about $611 per citizen, actually higher per person than both Pakistan and India.
But these numbers look modest compared to the world’s biggest debtor. The United States absolutely dominates the list, sitting at the top with a jaw-dropping $32.9 trillion in national debt. That means each American owes approximately $76,000 – a staggering amount that dwarfs most other countries.
Other major economies round out the top positions, including China, Japan, the United Kingdom, France, Italy, Germany, Canada, and Brazil. These countries carry enormous debt loads as they manage their large economies and populations.
On the opposite end of the spectrum, Afghanistan has the lowest national debt globally at just $1.6 billion, working out to only $30 per person.
The contrast between the highest and lowest indebted nations shows just how varied economic situations are around the world.
