The most wealthy and financially countries in the world are the most in-debited nations that are not dependent on external funds or investments. They use and generate their own resources to meet the financial needs and are independent of International aids or funds. But that’s not the case with most of the nations in the world today as the international funds (mostly from International Monetary Fund) are necessary for them to keep their economical health. Debtor nations refer to the countries with cumulative deficit in balance of payments. They don’t have enough internal resources to generate enough revenue. Those countries are then become debited and slave to international resources which results in more payback then what they actually borrowed corresponding to international interest rates. The situation leads to inflation within the country making the lives of disabled, difficult to surf. It is being reported that most part of the Asian continent is the most debited in the world. That may be due to less internal resources and less motivation in their citizens for hard work or suffering hardships. The below given table describes the largest debtor nations in the world according to report generated in 2011 by International Monetary Fund (IMF).
|Rank||Country||External Debt (% of GDP)||Gross External Debt (In US$)||GDP (2011 Estimated in Billion US$)||External Debt Per Capita (In US$)|
|2||United Kingdom||451.4||10.175 Billion||2.25||161,110|
|7||Hong Kong||265.7||939.83 Billion||353.7||131,380|
|9||France||254.4||5.632 Trillion||2.21 (Trillion)||85,824|