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Here are the top 20 countries with the most external debt in the world. This is a list of countries by external debt, the total public debt and private debt that is owed to non-residents. This shouldn’t be confused with ‘public debt’ which is the amount of debt owed by the residents of a country. 20: Denmark 19: Russia 18: Norway 17: Austria 16: Sweden 15: Hong Kong* 14: Belgium 13: Canada 12: Australia 11: Switzerland 10: Spain 9: Netherlands 8: Italy 7: Japan 6: China 5: Luxembourg 4: Germany 3: France 2: United Kingdom 1: United States My main channel 'Dylans World' https://www.youtube.com/channel/UCmqWjBbgtrloETFOMQz72Fw Top 20 Countries Playlist https://www.youtube.com/playlist?list=PLujy7Lj1Ewb9AaouM1Ne1x1hZaBIn38vx Music courtesy of incompetech.com 'Life of Riley' Updates: Please subscribe to my main channel - Dylan's World to help me reach 1,000 subscribers and when I do I will release a special video. Like, Comment, Share and Subscribe *Hong Kong is not an independent sovereign nation, however it has its own government and acts like an independent country but is technically a Chinese Special Administrative Region.