Some times we can see some great country is prosperous, but from inside it is completely different situation for that country. Some time country takes excessive financial loan from world bank or other country's Financial Institute to make and show themselves prosperous. Today we are going to list out those top 20 countries with highest external debt, which will be good to know. (All figures in US Dollar and data as per 2 July 2016 from different sources.)
And also check out major 3 Expense in Import (in Percentage of Total 100% of Country Import) of each country, which may be cause of that much debt for them.
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20. Denmark – $593 billion (according to latest figures available as on March 31, 2014)
Major 3 Expenses...
- Machinery (22 percent of total imports)
- Live animals, food, beverages and tobacco (14 percent)
- Chemicals and related products (13 percent)
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19. Russian Federation – $599 billion (according to latest figures available as on March 31, 2014)
Major 3 Expenses...
- Machinery, equipment and transport (45 percent of total imports)
- Chemical products (19 percent)
- Foodstuffs and agricultural products (14.5 percent)
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18. Norway – $615 billion (as on June 30, 2016)
Major 3 Expenses...
- Machinery and transport equipment (40 percent of total imports)
- Miscellaneous manufactured articles (16 percent)
- Food and live animals (7 percent)
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17. Austria – $820 billion (according to latest figures available as on March 31, 2014)
Major 3 Expenses...
- Machinery and equipment
- Motor vehicles
- Chemicals
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16. Sweden – $1.15 trillion (according to latest figures available as on March 31, 2014)
Major 3 Expenses...
- Machinery
- Petroleum and petroleum products
- Chemicals
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16. Hong Kong – $1.23 trillion (according to latest figures available as on March 31, 2014)
Major 3 Expenses...
- Machinery and equipment (around 56 percent of total imports)
- Manufactured goods and articles (30 percent)
- Chemicals (5 percent)
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15. Belgium – $1.28 trillion (according to latest figures available as on March 31, 2014)
Major 3 Expenses...
- Machinery and equipment
- Chemicals
- Diamonds,
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14. Australia – $1.39 trillion (according to latest figures available as on March 31, 2014)
Major 3 Expenses...
- Machinery and transport equipment (40 percent of total imports)
- Petroleum (11 percent)
- Manufactured goods (12 percent)
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13. Canada – $1.49 trillion (May 4, 2016)
Major 3 Expenses...
- Consumer goods (22 percent of total imports)
- Motor vehicles and parts (18 percent)
- Electronics (12 percent)
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12. Switzerland – $1.61 trillion (March 31, 2014)
Major 3 Expenses...
- Consumer goods (48 percent of total imports, of which pharmaceutical products account for 17 percent and cars for 6 percent)
- Capital goods (25 percent, of which machinery accounts for 19 percent)
- Raw material and semi-manufactures (23 percent)
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11. China – – $1.68 trillion (as on June 30, 2015)
Major 3 Expenses...
- Mechanical and electrical products (34 percent of total imports)
- High tech goods (23 percent)
- Crude oil (6 percent of total imports)
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10. Singapore – $1.76 trillion (as on November 13, 2015)
Major 3 Expenses...
- Machinery and equipment (43 percent share with electronics accounting for 60 percent)
- Crude oil (32 percent)
- Miscellaneous manufactures (7 percent)
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9. Spain – $2.30 trillion (according to latest figures available as on March 31, 2014)
Major 3 Expenses...
- Fuel (19 percent of total imports)
- Food (7 percent), machinery (6 percent)
- Motor cars (4 percent)
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8. The Netherlands – $2.52 trillion (according to latest figures available as on March 31, 2014)
Major 3 Expenses...
- Fuel (29 percent of total imports)
- Machinery (26 percent)
- Food and live animals (8.6 percent)
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7. Italy – $2.65 trillion (according to latest figures available as on March 31, 2014)
Major 3 Expenses...
- Fuel (16.5 percent of total imports)
- Metals and metal products (10 percent)
- Chemicals (9.6 percent)
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6. Japan – $2.86 trillion (according to latest figures available as on March 31, 2014)
Major 3 Expenses...
- Mineral fuels (23 percent of total imports) with petroleum accounting for 10 percent
- Electrical machinery (15 percent)
- Machinery (9 percent)
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5. Luxembourg – $3.47 trillion (according to latest figures available as on March 31, 2014)
Major 3 Expenses...
- Consumer goods
- Exported industrial products (steel)
- Energy imports
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4. Germany – $5.54 trillion (according to latest figures available as on March 31, 2014)
Major 3 Expenses...
- Machinery and equipment (13 percent of total imports)
- Electrical products (12 percent)
- Vehicles and mineral fuels (9 percent each)
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3. France –$5.75 trillion (according to latest figures available as on March 31, 2014)
Major 3 Expenses...
- Computers, electronics (9 percent of total imports)
- Industrial and agricultural machinery (8 percent)
- Food (7 percent)
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2. The United Kingdom – $9.6 trillion (according to latest figures available as on March 31, 2014)
Major 3 Expenses...
- Machinery and transport equipment (36 percent)
- Miscellaneous manufactured articles (16 percent)
- Chemical products (12 percent)
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1. The United States of America – $17.91 trillion (as on March 31, 2016)
Major 3 Expenses...
- Capital goods (29 percent)
- Consumer goods (26 percent)
- Industrial Supplies (24 percent)
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If you like this list than share with your friends and make them aware about the reality behind some of the rich Looking Countries.
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