Top 5 Countries that Owe the US Money

In this article, we will take a look at the 5 countries that owe the US money. If you wish to see our detailed analysis, you can go to Top 20 Countries that Owe the US Money.

5. Luxembourg

Total Debt Held: $318.2 Billion

Luxembourg ranks as one of the top 20 countries that owe the US money. As of January, the country owes a total of $318.2 billion to the US. This is equivalent to 4.29% of the total foreign holdings of the United States.

4. Belgium

Total Debt Held: $331.1 Billion

As of January, Belgium owes $331.1 billion to the US which makes it one of the top 20 countries that owe the US money. This is partially due to the financial activity of  Euroclear, a major financial house in Belgium, which holds assets on behalf of more than 2,000 clients.

3. The United Kingdom

Total Debt Held: $668.3 Billion

The United Kingdom serves as the largest foreign holder of US debt in Europe. The country owes $668.3 billion to the United States, as of January, thereby becoming another top country that owes the US money. The history of this debt is old since the UK had financed its efforts with US money during World War I.

2. China

Total Debt Held: $859.4 Billion

China ranks as the second largest foreign holder of US debt. As of January, the country owed $859.4 billion to the US. The country served as the largest foreign creditor to the United States for more than a decade until 2019. Hence, China is one of the top 20 countries that owe money to the US.

1. Japan

Total Debt Held: $1.1 Trillion

As of January, Japan owes the most money to the US by surpassing China. The total amount owed by Japan to the US grew from $534 billion to over $1 trillion between 2000 and 2022. With $1.1 trillion in US Treasury holdings, the country ranks at the top among other countries that owe the US money.

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