{"id":105,"date":"2017-03-08T00:40:50","date_gmt":"2017-03-07T19:10:50","guid":{"rendered":"http:\/\/www.mapsofworld.com\/answers\/?p=105"},"modified":"2023-04-07T22:33:20","modified_gmt":"2023-04-08T02:33:20","slug":"are-all-countries-in-debt","status":"publish","type":"post","link":"https:\/\/www.mapsofworld.com\/answers\/business\/are-all-countries-in-debt\/","title":{"rendered":"Are all Countries in Debt?"},"content":{"rendered":"\n\n
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When we speak of a country\u2019s debt, we generally refer to its external debt. External debt is the money the country has borrowed from sources outside of it. This money could have been borrowed from international financial institutions such as the International Monetary Fund (IMF), the World Bank, or from foreign governments. As of December 31, 2016, the total amount of external debt of all the countries in the world put together amounts to about US$75.74 trillion.<\/span><\/p>\n

However, not every country in the world is debt-ridden. There are very few nations, though, that is free from external debt.\u00a0<\/span><\/p>\n

According to the last available estimates,\u00a0<\/span>Brunei<\/span><\/a>\u00a0(2014),\u00a0<\/span>Liechtenstein<\/span><\/a>\u00a0(2001), and\u00a0<\/span>Macao<\/span><\/a>\u00a0(2013) are the only three countries in the world with no external debt. As we can see, these are three small economies with a low population. All the major countries of the world carry an external debt burden. Let us take a look at the countries with the highest external debt (as on March 31, 2016):\u00a0<\/span><\/p>\n