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I'd be curious to understand the interest rate the US government is paying on the debt verses some other highly indebted countries. I poked around on google, a
by bcx 4y ago
I'd be curious to understand the interest rate the US government is paying on the debt verses some other highly indebted countries.
I poked around on google, and it looks like China has around 50% Debt to GDP ratio , Japan had something like 250%, and Russia's was around 20%. I have no idea what I should conclude from this -- other than I don't think it's possible for someone to foreclose on the US for not paying it's debt --- and that if we had massive inflation, and Debt is not inflation adjusted you could drastically reduce the debt -- but you'd have to increase the interest rate on new debt you were issuing.
- mostlysimilar 4y agoChina is 77.84% as of 2022. Source: https://www.statista.com/statistics/270329/national-debt-of-china-in-relation-to-gross-domestic-product-gdp/ https://www.statista.com/statistics/270329/national-debt-of-...
- andsoitis 4y agoChina is currently around 75%, Japan just under 100%, US at just over 100%. For comparison the UK was at 340% in 2017 (not sure what now). https://en.wikipedia.org/wiki/List_of_countries_by_external_debt https://en.wikipedia.org/wiki/List_of_countries_by_external_...
- fomine3 4y agoI wonder is EUR countries' debt for other EUR countries should be counted as internal or external. It's same currency so not affected to currency inflation.