Around two-thirds of the U.S. National debt is owed to the American public by way of the Social Security System and the Federal Reserve. Through these, the U.S. government issues Treasury Securities to issue its debts. The other claimants to U.S. Treasuries and their debts are foreign countries.
5. Brazil ($247 Billion USD)
One of the countries is Brazil, with about $247.3 billion USD owed as of February of 2016. Brazil has the ninth largest economy in the world as of 2015. As a result, it has achieved international influence and has regional say in South America. Its estimated Purchasing Power Parity (PPP) Gross Domestic Product (GDP) total as of 2016 is $3.208 trillion while per capita is $15,690. Its currency is the Real. Brazil has been touted to become one of the five biggest economies in the years to come.
4. Ireland ($256 Billion USD)
Ireland owns about $256 billion in US debt as of February of 2016. In 1973, Ireland joined the European Economic Union (EEC) and followed its own liberal economic policies that gave its economy a headway that continued to 2007 but the world economy suffered a tailspin in 2008. However with recovery, Ireland and Germany were graded by the United Nations as the sixth most developed nations in the world. Its estimated GDP PPP total as of 2016 is $272.867 billion while its GDP per capita is $58,373.00. Its currency is the Euro. It is a member of several organizations such as: the European Union, Organisation for Economic Co-operation and Development, and the Council of Europe.
3. Japan ($1.13 Trillion USD)
Japan owns about $1.13 Trillion USD in U.S. Treasuries as of February of 2016. The country ranks as a great power, and belongs to the G20, G8, and G7 countries. It is also a member of the United Nations. Its economy is the world's fourth biggest by purchasing power parity (PPP) and the third by nominal GDP. Its estimated GDP PPP total as of 2016 is $4.842 trillion while its GDP per capita is $38,210.00. It nominal GDP puts it as the third biggest economy in the world after the United States and China. Its exports are considered as one of the most advanced in electronics, automobiles, ships, chemicals, textiles, and steel. Although its public debt has risen to about 200% of its GDP. Its currency is the Yen.
2. China ( $1.25 Trillion USD)
China has about $1.25 Trillion USD in U.S. Treasuries as of February of 2016. In 1978, the Chinese government initiated economic reforms that started an economic expansion that led to China's economic boom. Its estimated GDP PPP total as of 2016 is $19,392 trillion while its GDP per capita is $14,107.00. This also led to a record of 568 billionaires in the People's Republic of China, including 28 billionaires younger than 40 years old, and 93 female billionaires. China has the world's second biggest economy as of 2014. From 2007 to 2011, China's economy rose at the same rate as all of the G7 countries combined.
1. Itself ($12.9 Trillion USD)
The United States owes itself about $12.9 Trillion USD as of February of 2016. The debt is divided among several government agencies such as the Social Security System, with around a 16% share, several federal government agencies holding about 13%, and the Federal Reserve holding about 12%. Although the world markets has had its ups and downs in the recent decade, the United States is still considered as a safe haven for investments. Its estimated GDP PPP total as of 2016 is $18.124 trillion while its GDP per capita is $56,421.00. The United States has the world's biggest economy in real and nominal GDP. Its Human Development Index, average wage, and per capita GDP figures in the world's top 10 in economic well-being.
Which Country Does the United States Owe the Most Money To?
The US owes more money to itself than it does to any other country. The debt is divided among several government agencies including the Social Security System and the Federal Reserve.
Your MLA Citation
Your APA Citation
Your Chicago Citation
Your Harvard CitationRemember to italicize the title of this article in your Harvard citation.