China is the world’s most populous country. While India is expected to match the country’s population by 2026, China will remain one of the world’s largest economic powerhouses regardless. They only have 6.25% of world debt and a debt-to-GDP ratio of 39.4%. View the high resolution of this infographic by clicking here. On average, the world’s debt now exceeds $86,000 in per capita terms, which is more than 2½ times the average income per-capita. The price of a single beer is one thing, but which countries spend the most on beer itself? It … Note: To keep the visualization easy to read, we’ve simplified the shapes representing countries. These maps compare the average beer price in 58 countries—just how much do we drink? Spain and Germany are next with 417 and 411 beers, respectively. … Since then, according to the latest figures by the IMF, the number has ballooned to $69.3 trillion with a debt to GDP ratio of 82% — the highest totals in human history. Today, the median age in China is 38 years old, rising from 22 in 1955. Japan: $85,694.87 per person; Ireland: $67,147.59 per person; Singapore: $56,112.75 per person; Belgium: $44,202.75 per person; United States: $42,503.98 per person; Canada: $42,142.61 per person At one … The bills existed in the form of perpetual bonds left over from the “Four Percent Consolidated Loan,” which Prime Minister Winston Churchill had issued in 1927 to refinance national war bonds from World War I. Visualizing How COVID-19 Has Impacted Global Wages. Despite these trends, however, China’s current population remains massive, constituting almost 20% of the world’s total population. New York comes second with an outstanding debt of $139.20 billion. Total student loan debt in the United Kingdom has reached nearly $100 billion. Germany also prides itself on the purity of its beer—the vast majority of brewers follow the Reinheitsgebot, centuries-old purity laws that broadly state that beer may contain only three ingredients: water, barley, and hops. 7 of the 15 countries with the most total debt are European. Global Stars: The Most Innovative Countries, Ranked by Income Group, The 50 Most Visited Websites in the World, The World’s Top Car Manufacturers by Market Capitalization, Comparing Luxury Investment Around the World, Ranked: The World’s Black Billionaires in 2021, How Global Health and Wealth Has Changed Over Two Centuries, Visualizing the UK and EU Trade Relationship, Mapped: The Wealthiest Billionaire in Each U.S. State in 2021. Brazil’s debt is just over 70% of its total gross domestic product. However, in 1979, in an attempt to control the burgeoning population, the infamous one-child policy was introduced, putting controls on how many children Chinese citizens could have. Japan makes up only 6.18% of total economic production, but has amounted 19.99% of global debt. Other countries with high national debt per citizen include the US ($70180), Belgium ($50462), the United Kingdom … No one is ignorant that the U.S inches wide nearer to its present $ 14.3 trillion economical ceiling debt, policy makers are restoring the community discussions over Governmental credits and investing. No matter the beer price in your country, it’s worth raising a glass to the timelessness of this humble beverage. The average American has $51,900 worth of debt across mortgage loans, home equity lines of credit, auto loans, credit card debt, student loan debt, and other debts like personal loans. Thanks to decades of government re… Below, I compiled a list of the top 10 countries that owe the most and the least amounts of debt. Italy (Debt-to-GDP ratio: 132%) The populist movement engulfed the entire Italian political system. Longer life spans and fewer births form a demographic trend that has many social and economic implications. The global desire for beer prevails even in a pandemic. Italy- Total debt: $ 2,285,740,000,000. Using data from the United Nations, this unconventional map reveals the comparative size of China’s population next to a multitude of other countries. Syria) we used the latest available numbers as an estimate. At the same time, it’s possible that China’s economic dominance may be challenged by these same demographic tailwinds as time moves forward. These “4% Consols,” however, included more than just World War I debt. Whether or not China’s population growth is slowing appears to be less relevant when looking at its sheer size. It is different from external debt, which includes the foreign currency liabilities of non-government entities. ... More than 3.0 million student loan borrowers have student loan debt greater than $100,000, with approximately 800,000 of that total holding student loan debt … The US has a total of 29.27 trillion dollars of external debt, translating to around 45% of the total debt owed. How to Avoid Common Mistakes With Mining Stocks (Part 5: Funding Strength). Researchers calculated the average price of a typical bottle of beer (330ml, just shy of a pint) from well known brands via online stores and statistics database Numbeo. In absolute terms, the most indebted nation is the United States, which has a gross debt of $21.5 trillion according to the IMF as of 2018. Its two largest creditors are China (roughly $1.18 trillion) and Japan (roughly $1.06 trillion). Debt consolidation loans restore several huge and little debts that somebody might have incurred. Altogether, the size of the population of China is larger than nearly four regions combined: South America, Europe (excluding Russia), the U.S. & Canada, and Australia & New Zealand. British college graduates, for example, are estimated to have an average loan debt of $55,000, compared with an average of $20,000 five years earlier. The country aims to reduce its debt-to-GDP ratio to 60% in the coming years with the help of new public-infrastructure projects and stable inflation. Many economists advocate the power of personal debt to fuel economic expansion. World's Billionaires. From all these data we have gathered a few new insights on debt: Global debt has reached an all-time high of $184 trillion in nominal terms, the equivalent of 225 percent of GDP in 2017. Debt held by the U.S. public has dramatically risen since 2008, a trend that is forecast to continue until 2029. Additionally, the larger share of elderly citizens will require publicly-funded resources, resulting in a heavier societal and financial burden. This may be because they prefer something a little stronger—97% of alcohol consumption in the nation comes from spirits such as rum. Join the 230,000+ subscribers who receive our daily email, Mapped: The 50 Richest Women in the World in 2021, The Carbon Footprint of Trucking: Driving Toward A Cleaner Future, The World’s Most Searched Consumer Brands. Oops. Additionally, we show which countries spend the most on beer per capita, and just how much beer people really drink. If you’re looking for a more precise figure for 2019, the U.S. government’s “Debt to the Penny” dataset puts the amount owing to exactly $23,015,089,744,090.63 as of November 12, 2019. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Here’s a breakdown of Africa’s population for further comparison. The Buffett Indicator at All-Time Highs: Is This Cause for Concern? The government of Japan holds top honors: Its debt equals 234% of its GDP. What many people don’t realize, however, is that Japan is also the most debt-ridden country in the world, with government debt amounting to … Find out more about how we use your information in our Privacy Policy and Cookie Policy. Debt: $7.55 trillion. Meanwhile, the European economies of Italy and Belgium check the box as other large debtors with ratios topping 100% debt to GDP. Following closely behind is Poland, which spends $1,738 per capita. Professor Wilkins says housing debt has more than doubled in real terms since HILDA was launched in 2001. World Beer Index 2021: What’s the Beer Price in Your Country? 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Even though that is not as high as some of the other industrialized nations, the debt’s percentage is steadily increasing ever since the recession, and as the economy of Brazil becomes bloated, the increase in debt is set to become even higher. Germany unsurprisingly tops the list here with nearly $2,000 of expenditures per capita, bolstered by its strong beer culture and annual Oktoberfest celebration. The Top 10 Countries Where People Owe the Most. If you’re looking for a more precise figure for 2019, the U.S. government’s “Debt to the Penny” dataset puts the amount owing to exactly $23,015,089,744,090.63 as of November 12, 2019. For example, the United States has a debt to GDP ratio of 108% and a lot of people want to buy US Treasury bonds. Although fewer people have been able to grab a beer at the pub during this pandemic, the global desire for beer prevails. Some countries, such as the USA are always considered a good place to invest, and the government bonds of those countries are always in high demand. COVID-19 Vaccine Doses: Who’s Got At Least One? As bad as the Greek financial crisis seems, the land of Pericles is only the second-most-indebted nation in the world. - Debt as a percentage of GDP: 68.7% - Total GDP: $14.39 billion - Population: 1,271,768. At just $1.68 per bottle, South Africa has the lowest average beer price thanks at least partially to cultural norms of buying in bulk. It is estimated, however, that the population of China will drop below one billion people by the year 2100—bumping the nation to third place in the ranking of the world’s most populous countries. India is one exception, with a population of 1.38 billion. Let’s start by looking at the continental level, to get an idea of how world debt is divided from a geographical perspective: In absolute terms, over 90% of global debt is concentrated in North America, Asia Pacific, and Europe — meanwhile, regions like Africa, South America, and other account for less than 10%. Italy – 2,324,420 Million. Mauritius faces a deficit of 16.9 billion Mauritian rupees (or around $430 million) on its 2019–20 budget, according to PwC. Consequently, obtaining a debt consolidation loan might be the best choice for you. In addition, local beer prices were pulled from hotel and bar menus, and average values converted to USD. This World Beer Index from Expensivity compares the average price of a bottle of beer in 58 countries in a detailed map. Data gathered and calculated by the CEOWORLD magazine shows that each Japanese national owes $89,525 of the $11.35 trillion national debt. 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As a continent, Africa comes in close as well at 1.34 billion people. Hawaiians have by far the highest debt, averaging $869,250. The country was the first in the world to hit one billion people in 1980. These steep prices are aimed at tourists—and with Qatar hosting the 2022 men’s soccer World Cup, there’ll be thousands of visitors in the country looking for a cold one at any price. The US government is wary of heavy reliance on foreign debt and keeps its Net International Investment Position (NIIP) at a manageable level to avoid economic downfall brought about by any sudden foreign debt reduction. People in these states use debt the least Mia Taylor ... typically a big no-no in the personal finance world, as well as loans and help from friends or family. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. 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