Every Albanian owes around 2,700 euros

According to data estimated by “Monitor”, the stock of public debt per capita is 2758 euros (in total debt is estimated at 7.8 billion euros), while the debt report with domestic production Bruto 70.95%.

Nowadays, many governments are relying on borrowed money. Debt enables governments to cover shortcomings without having to increase taxes or cutting public spending. But a high debt could harm economies, especially during recession periods.

The United States just exceeded the figure of $20 trillion for the first time in history, while the United Kingdom owes a total of 1.9 trillion pounds or 2.5 trillion dollars.

However, the United States and the United Kingdom are not the highest debt countries. Japan's debt reached 221.8% of the Bruto Internal Production in 2015, according to the OECD report.

What's a debt per capita?

One way to analyze government debt is per capita. So for example, if the Japanese wanted to pay off their national debt, each would have to pay $90,345 each.

As to O member states ECD, Ireland, the United States and Italy have a debt of $6,687, $6,539 and $5,693.

Belgium, with a per capita debt of $58,134, is above the OECD average of $50,245.

Austria, France and Greece all these countries owe higher per capita than the United Kingdom and citizens will need “to pay” each about $505,000 (49,975, $4,652 and $4,869, respectively).

Debt per capita increased in O countries ECD at an annual rate of 5.9% since 2007. The amount of debt per capita among OECD countries hangs from Japan $9,000, in Estonia at $3700.

Increase in Debt
The rise in debt stock as a percentage of Broto's domestic production is an indication of how willing a country is to pay off debt without borrowing.

When the government borrows debt, it must return them by paying and a rate of interest. Thus, when interest rates increase, the economy slows down and the debt level becomes unstable.

In 2015, the average level of public debt in OECD member states reached 112% of GDP, compared to the rate of 73% in 2007.

Debt levels increased mostly in Spain, Slovenia, Portugal and Greece.

Only three of the OECD states have reduced the debt level since the financial crisis: Norway, Israel and Switzerland. States at the highest level of this period are: Japan, 221.8%, Greece 181.6%, Italy 157.5% and Portugal 149.2%.

Although Greece's debt in proportion to GDP is lower than Japan's, the consequences have been many times heavier in Greece, as debt was more external than domestic creditors.

States at Higher Debt Rate
There are 17 states that owe higher than their annual product (over 100% GDP. Many are at risk of bankruptcy. Iceland was on the brink of bankruptcy in 2008.

Japan and Singapore are exceptions. Japan mostly owes its citizens, who buy government bonds as a way of personal savings.

Much of the government's debt is due to security companies and pension funds. In fact, Singapore has not borrowed its deficit since 1980.

22.8% Japan
205% Zimbabwe
182% Greece
157.5% ) Italy
139% Lebanon
129% Portugal
123% Eritrea
123% Jamaica
116% ) Cabo Verde
110% Grenada
107% Cyprus
107% Belgium
106% Singapore
105% ▪ Puerto Rico
101% Ireland
101% ) Barbados
101% Spain

Countries at Lower Rate

11 states have the debt rate lower than 10% of the Bruto domestic production. Some countries, such as Saudi Arabia, have much income, mostly from natural resources, to pay for their government services. They have a healthy growth in domestic production Bruto, so they do not need to finance economic growth through spending.
6% Wallis and Futana
5% ) Tajikistan
6%
7% ) Liberia
0% Oman
5% Gibraltar
8% Saudi Arabia
3% '{0}'
6% Kiribati
3% HINA
5% Kuwait

/Monitor