5 Countries That Own the Most U.S. Debt

In this piece, we will take a look at the 5 countries that own the most U.S. debt. For more countries, head on over to the 15 countries that own the most U.S. debt.

5. Luxembourg

Total holdings of U.S. treasury securities (in billions): $318.2

Similar to Belgium, the reason that Luxembourg is considered among the countries that own the most U.S. debt is because Luxembourg has a strong financial core and international deposits held by finance companies in the country count towards Luxembourg’s ownership of U.S. debt.