Thursday, January 29, 2009
Which Foreign Countries Own the US Debt?
After a dinner conversation, I was interested to know exactly which countries own the US foreign debt. I went the the treasury's website and created the above chart. China is now the largest [foreign] owner of US debt with 682 billion, followed closely by Japan with 577 and the United Kingdom good for 360 billion. Interesting that Japan owns almost as much as China, but we hear so little about Japan.
The total US Debt in November of 2008 was about 10.6 Trillion, so the foreign ownership is 28%. Is this a good thing?