Russia Public Debt (2024)

FAQs

Russia Public Debt? ›

Russia National Government Debt reached 281.6 USD bn in Feb 2024, compared with 287.8 USD bn in the previous month. Russia National Government Debt data is updated monthly, available from May 2009 to Feb 2024. The data reached an all-time high of 384.2 USD bn in Jun 2022 and a record low of 86.1 USD bn in May 2009.

In the latest reports, Russia National Government Debt reached 281.6 USD bn in Feb 2024. The country's Nominal GDP reached 494.7 USD bn in Mar 2023.

German general government debt up in 2023 by €62 billion to €2.62 trillion, debt ratio down from 66.1% to 63.7% General government debt in Germany increased by €62 billion in 2023 to €2.62 trillion.

Ukraine National Government Debt reached 135.2 USD bn in Feb 2024, compared with 136.1 USD bn in the previous month. Ukraine National Government Debt data is updated monthly, available from Dec 2004 to Feb 2024.

At the top is Japan, whose national debt has remained above 100% of its GDP for two decades, reaching 255% in 2023.

The United States is the undisputed heavyweight when it comes to the economies of the world. America's gross domestic product in 2022 was more than 40% greater than that of China, the world No. 2. Even more striking, U.S. GDP was over five times that of the next two largest economies, Japan and Germany.

China's debt is more than 250 percent of GDP, higher than the United States. It remains lower than Japan, the world's most indebted leading economy, but some experts say the concern is that China's debt has surged at the sort of pace that usually leads to a financial bust and economic slump.

It's 22% higher than the U.S. gross national product as of June 30 (about $27 trillion). It's six times the U.S. debt figure in 2000 ($5.6 trillion). Paid back interest-free at the rate of $1 million an hour, $33 trillion would take more than 3,750 years.

Since 2007/08, combined federal and provincial net debt (inflation-adjusted) has nearly doubled from $1.18 trillion to a projected $2.18 trillion in 2023/24. Between 2019/20 (the last year before COVID) and 2023/24, the combined federal-provincial debt-to-GDP ratio is expected to grow from 65.7% to 76.2%.

The $34 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts. In very basic terms, this can be thought of as debt that the government owes to others plus debt that it owes to itself. Learn more about different ways to measure our national debt.

Why is the US in so much debt? ›

One of the main culprits is consistently overspending. When the federal government spends more than its budget, it creates a deficit. In the fiscal year of 2023, it spent about $381 billion more than it collected in revenues. To pay that deficit, the government borrows money.

Total Debt Held: $91.3 Billion

As of January, the amount owed by Germany to the US is $91.3 billion.

Based on the data available, the estimations showed that Belarus owed the highest value of loans to Russia as of June 1, 2019, which was worth 7.6 billion U.S. dollars. Venezuela's debt to Russia was calculated at 3.5 billion U.S. dollars, which was five times higher than the value of the loan borrowed by Serbia.

The $34 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts. In very basic terms, this can be thought of as debt that the government owes to others plus debt that it owes to itself. Learn more about different ways to measure our national debt.

The United States has the world's highest national debt with $30.1 trillion owed to creditors as of the first quarter of 2023. Washington's debt now stands at $31.4 trillion, raising further concerns about US government spending and borrowing costs.

As of March 2023, the Japanese public debt is estimated to be approximately 9.2 trillion US dollars (1.30 quadrillion yen), or 263% of GDP, and is the highest of any developed nation. 43.3% of this debt is held by the Bank of Japan.