The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it’s still worse somehow
- Posted on July 23, 2026
- By Fortune
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- 1 min read
In brief
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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it’s still worse somehow
“Japan’s debt dynamics are fundamentally different from those of the United States….Japan is the world’s largest creditor nation. The U.S. is the world’s largest debtor.”