Top 10 Countries by External Debt

In this video, we are going to look at the external debt of the top countries. This is going to be an informative video.

External debt is the total debt a country owes to foreign creditors. It is the sum of government, corporate, and individual debt. A country's external debt poses a risk to its economy and its citizens because it must be repaid with interest.

There are countries that have a huge amount of debt that they must pay back. Interest in these debts can threaten the economic well-being of their citizens. Unfortunately, such countries have to repay these debts with a huge amount of interest which can be problematic. So, if a country is unable to pay its debts then it becomes a default country and this situation can prove disastrous for the economy.

The countries shown in the video are ranked from the wiki article, that ranks countries according to the debt ranking. So, true values can be different from those mentioned in the video.