United States leads world as nation with most public debt: U.N. report

The U.S. made up about 34% of the world's record $97 trillion of public debt in 2023, according to the report
Money printed
By Nicholas Ballasy

The United States led the world in 2023 as the country with the highest amount of public debt, according to a United Nations report released on Tuesday. 

Global public debt hit a new record of $97 trillion in 2023.

Developing countries owe approximately one-third of the total amount, according to the report.

The U.S. made up about 34% of global public debt last year.

In the report for 2023, the U.S. national debt total was more than $33 trillion. China was the runner-up with close to $15 trillion in debt for 2023 followed by Japan at about $10.6 trillion.

At the current time, the U.S. total public debt is close to $35 trillion.