The World BankFive countries are listed by the World Bank. The largest external debt(ULN) for the group of low- and middle-income countries. The World Bank’s report International Debt 2021 explains this.
According to a World Bank report in 2005, the average external debt for these five countries has increased over the past few years. These are the details:
China has the highest external debt of any low- or middle-income country as of 2019. The total debt of the panda nation has surpassed US$2.1 trillion.
China’s external debt increased 8 percent over the 2018 position. China’s increase in external debt was driven mainly by an increase of long-term debt.
In 2019, Brazil’s external debt was US$569.39 trillion. This is an increase from the US$557.74 million last year.
The difference in the figures between 2009 and 2015 is obvious. It was US$281.65 trillion in 2009, and US$543.39 trillion in 2015.
India’s external debt is estimated to be US$560.03 trillion in 2019. This is an increase from 2018, which was US$521.03 trillion.
Short-term and long term debts are both external debts. The largest share of external debt in India is long-term.
Detail: India’s long-term debt stands at US$447.75 trillion, while its short-term debt stands at US$106.78 million.
In 2019, Russia’s foreign debt reached US$490.72 trillion. This is an increase from the US$453.8 million in previous years.
We can see that Russia’s 2016 external debt stood at US$533.2 million. It fell to US$518.19 trillion in 2017, and then fell again in 2018.
Mexico’s total foreign debt rose to US$469.72 trillion in 2019, from US$453.15billion to US$469.72billion. This is a significant increase from 2009’s position of US$ 193.34 billion.
Mexico’s debt, which amounts to US$403.09 trillion, was mainly due to its long-term debt. Short-term debt stood at US$62.69 trillion.