Brazil - national debt 2018-2028 | Statista (2024)

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Brazil - national debt 2018-2028 | Statista? ›

The Central Bank of Brazil provides Government Debt in local currency and Nominal GDP in local currency. In the latest reports, Brazil National Government Debt reached 1,480.6 USD bn in May 2023. The country's Nominal GDP reached 491.3 USD bn in Mar 2023.

The Central Bank of Brazil provides Government Debt in local currency and Nominal GDP in local currency. In the latest reports, Brazil National Government Debt reached 1,480.6 USD bn in May 2023. The country's Nominal GDP reached 491.3 USD bn in Mar 2023.

Government Debt in Brazil averaged 3885588.89 BRL Million from 2006 until 2023, reaching an all time high of 7594036.70 BRL Million in June of 2023 and a record low of 1336644.90 BRL Million in December of 2006.

The United States boasts both the world's biggest national debt in terms of dollar amount and its largest economy, which resolves to a debt-to GDP ratio of approximately 128.13%.

Brazil's debt-to-GDP ratio

Brazil spent almost 6 percent of its GDP on debt interests, the highest amount since 2017. That happened because of stubbornly high inflation rates (5.79 percent in 2022) and double-digit benchmark interest rates.

Brazil fell into a severe fiscal crisis: the country started to fail to meet the required primary surpluses - that is, the level necessary to stabilize the debt to GDP. As far as can be seen, by early 2018, there is no prospect of primary surpluses that are sufficient for stabilizing the debt-to-GDP ratio.

What countries does the U.S. owe money to in 2021? The United States owes money to many countries, including Japan, mainland China, the U.K., Ireland, Luxembourg, Brazil, Switzerland and Belgium, among others.

In July 2023, the public debt of the United States was around 32.61 trillion U.S. dollars, around two trillion more than a year earlier, when it was around 30.6 trillion U.S. dollars.

Even though the national debt of Brazil has slightly decreased over the last decade, it still remains relatively high. A country's national debt refers to the whole country and includes the debts of the state, the communities, the municipalities and the social insurances.

What 3 countries hold most of the U.S. debt? ›

Of course, just as with an individual or family, cutting spending and increasing revenue are smart first steps. Beyond that, the government considers things like new taxes, a higher retirement age, removing loopholes from the tax code, and more to reduce annual deficits and the national debt.

Will the US force repayment? Every country should pay its sovereign debt. Default, we are told, is not an option.

Top 10 territories that own the most U.S. debt

Japan owns the most at $1.1 trillion, followed by China, with $859 billion, and the United Kingdom at $668 billion.

Many people believe that much of the U.S. national debt is owed to foreign countries like China and Japan, but the truth is that most of it is owed to Social Security and pension funds right here in the U.S. This means that U.S. citizens own most of the national debt.

For the past 20 years, Japan and China have been the top two foreign countries with US Treasuries. According to usafacts.org, as of January 2023, Japan owned $1.1 trillion in US Treasuries, making it the largest foreign holder of the national debt.

The IIF's Global Debt Monitor covers 21 mature market economies including the eurozone as well as 30 emerging market countries. The United States has the world's highest national debt with $30.1 trillion owed to creditors as of the first quarter of 2023.

On the other end of the spectrum, Brunei has the lowest debt to GDP ratio at 1.90%, followed by the Cayman Islands at 4.50%, Kuwait at 7.10%, and Afghanistan at 7.40%. There are regional trends when it comes to debt to GDP ratios.