Business

Pakistan Ranks 33rd in Global Debt — Far Behind US and Even India

The United States has emerged as the most indebted nation in the world, carrying a staggering $32.9 trillion in national debt, according to a new report by World Population Review. The debt is equivalent to roughly $76,000 per American citizen.

This puts Pakistan miles behind the US and even India, which crossed the trillion-dollar threshold in debt, while Pakistan is still in the billions.

According to the data, China follows the U.S. with $15 trillion, while Japan ranks third with $10.9 trillion in total debt.

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The report places India at seventh place globally, with a total public debt of $3 trillion, making each Indian citizen liable for around $504.

Other countries in the top ten include the United Kingdom and France (both at $3.4 trillion), Italy ($3.1 trillion), Germany ($2.8 trillion), Canada ($2.3 trillion), and Brazil ($1.8 trillion).

The report also notes that Pakistan ranks 33rd globally, with a national debt of $260.8 billion and an average debt burden of $543 per citizen, while Bangladesh owes $177.6 billion, translating to $611 per citizen.

Among Muslim-majority nations, Indonesia tops the debt chart with $543 billion, followed by Egypt ($377 billion), Turkey ($330 billion), Saudi Arabia ($280 billion), and Malaysia ($278 billion).

In contrast, Afghanistan has one of the lowest debt levels in the world at $1.6 billion, or just $30 per citizen.

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Published by
Muhammad Bilal