The World Population Review, a US-based research organization, has released its latest report on global debt, revealing that India has become the seventh most indebted country in the world, with a national debt of $3 trillion, amounting to roughly $504 per citizen. The report highlights that the Indian government spends billions of dollars annually on interest payments, while millions of citizens continue to struggle to meet basic needs.
According to report, Pakistan ranks 33rd globally, carrying a national debt of $260.8 billion, which translates to $543 per Pakistani, while Bangladesh’s national debt stands at $177.6 billion, with each citizen effectively owing $611.
Leading the global list, the United States holds $32.9 trillion in national debt, with each American owing approximately $76,000. Other major indebted countries include China ($15 trillion), Japan ($10.9 trillion), the United Kingdom ($3.4 trillion), France ($3.4 trillion), Italy ($3.1 trillion), Germany ($2.8 trillion), Canada ($2.3 trillion), and Brazil ($1.8 trillion).
Among large nations, Afghanistan has the lowest national debt, standing at $1.6 billion, with each Afghan owing just $30. On a per capita basis, Ireland tops the list, with each citizen owing roughly $614,000.
Within the Muslim world, the most indebted countries are Indonesia ($543 billion), Egypt ($377 billion), Turkey ($330 billion), Saudi Arabia ($280 billion), and Malaysia ($278 billion).
