10 State of the World's Largest debtor

Debt crisis that hit Europe has made some investors took a cautious before deciding to invest. It was seen from the weakening of the composite share price index and the exchange rate.

However, amid efforts to get out of the global financial crisis, many countries are trying to ask for help from other governments and financial institutions in order to spur spending, borrowing, and in some cases, grow the level of government debt.

Expenditure deficit, government debt and the private sector is basically a normal thing for western countries. But amid the financial crisis, some countries recognize that they are more worried about the debt position than other countries.

Foreign debt which is a mix of debt, equity, and the periodic interest to be paid by each government. Debt is not just coming from government debt but also debt-owned companies or individuals to creditors abroad.

To measure a country's debt levels are commonly used indicator of the ratio of debt to gross domestic product (GDP), calculated with the latest data from the World Bank.

Since its first report was made in April 2009, the debt situation in some countries proved very influential on market conditions. In some European countries, the level of debt has led to international organizations and investors are trying to suppress the government's debt to cut public debt through careful handling and increase state spending cuts.

As quoted from page cnbc.com, those countries that require this treatment is a country that has a larger government debt on a portion of its foreign debt. Among the country, one of the many highlighted is the group of countries known as PIIGS consisting of Portugal, Ireland, Italy, Greece, and Spain.

Luckily, Indonesia recorded a foreign debt amounting Rp1.744 until August 2011, 34 trillion or U.S. $ 203.35 million is not included in the list of the 20 largest debtor nation in the world. Indonesia recorded still have high levels of debt to GDP ratio of 27.15 percent.

This is the 20th largest foreign debtor nation in the world:

1. United States

Foreign debt: 101.1 percent of GDP
Total external debt: U.S. $ 14.825 trillion
GDP 2009: U.S. $ 14.66 trillion
Foreign debt per capita: U.S. $ 48,258

2. Hungary

Foreign debt: 120.1 percent of GDP
Total external debt: U.S. $ 225.24 billion
GDP 2009: U.S. $ 187.6 trillion
Foreign debt per capita: U.S. $ 22,739

3. Australia

Foreign debt: 138.9 percent of GDP
Total external debt: U.S. $ 1.23 trillion
2010 GDP: U.S. $ 882.4 billion
Foreign debt per capita: U.S. $ 57,641

4. Italy

Foreign debt: 146.6 percent of GDP
Total external debt: U.S. $ 2.602 trillion
2010 GDP: U.S. $ 1.77 trillion
Foreign debt per capita: U.S. $ 44,760

5. Spain

Foreign debt: 179.4 percent of GDP
Total external debt: U.S. $ 2.46 trillion
2010 GDP: U.S. $ 1.37 trillion
Foreign debt per capita: U.S. $ 60,614

6. Greece

Foreign debt: 182.2 percent of GDP
Total external debt: U.S. $ 579.7 billion
2010 GDP: U.S. $ 318.1 billion
Foreign debt per capita: U.S. $ 53,984

7. German

Foreign debt: 185.1 percent of GDP
Total external debt: U.S. $ 5.44 trillion
2010 GDP: U.S. $ 2.94 trillion
Foreign debt per capita: U.S. $ 51.572

8. Portugal

Foreign debt: 223.6 percent of GDP
Total external debt: U.S. $ 552.23 billion
2010 GDP: U.S. $ 247 billion
Foreign debt per capita: U.S. $ 51,572

9. French

Foreign debt: 250 percent of GDP
Total external debt: U.S. $ 5.37 trillion
2010 GDP: U.S. $ 2.15 trillion
Foreign debt per capita: U.S. $ 83,871

10. Hong Kong

Foreign debt: 250.4 percent of GDP
Total external debt: U.S. $ 815.65 billion
2010 GDP: U.S. $ 325.8 billion
Foreign debt per capita: U.S. $ 115,612