Ranking total annual external debt ratings by country, from highest to lowest.
Global Firepower tracks External Debt of each participant in its annual defense review. External Debt is defined as both public and private debt carried as owed to outside parties (namely the international community) and may repayable through currency exchanges, consumer/durable goods, and applicable services.
Typically, larger, better-developed nations carry equally-large external debt totals to compensate for their population sizes. External Debt is just one outlying factory considered in the GFP ranking concerning a given nation's fiscal health - namely due to the inherently large cost of going to war or maintaining a sizeable standing military. For the purposes of the GFP ranking, External Debt is used as a penalty.
Data presented on this list is through 2021. Estimates are made when official data is not available.
The GlobalFirepower.com logo is a trademark of this website and is protected by all applicable domestic and international intellectual property laws. The published content of the pages contained herein is unique to this website (unless where indicated) and not for reuse in any form. About: GlobalFirepower.com is an annually-updated, statistics-based website tracking defense-related information of 140 nations and exists as a wholly-independent resource.