As of December 2024, Japan held United States treasury securities totaling about 1.06 trillion U.S. dollars. Foreign holders of United States treasury debt According to the Federal Reserve and U.S. Department of the Treasury, foreign countries held a total of 8.5 trillion U.S. dollars in U.S. treasury securities as of December 2024. Of the total held by foreign countries, Japan and Mainland China held the greatest portions, with China holding 759 billion U.S. dollars in U.S. securities. The U.S. public debt In 2023, the United States had a total public national debt of 33.2 trillion U.S. dollars, an amount that has been rising steadily, particularly since 2008. In 2023, the total interest expense on debt held by the public of the United States reached 678 billion U.S. dollars, while 197 billion U.S. dollars in interest expense were intra governmental debt holdings. Total outlays of the U.S. government were 6.1 trillion U.S. dollars in 2023. By 2029, spending is projected to reach 8.3 trillion U.S. dollars.

The national debt of China amounted to 16.65 trillion U.S. dollars in 2024. Following a continuous upward trend, the national debt has risen by 16.46 trillion U.S. dollars since 1995. Between 2024 and 2030, the national debt will rise by 12.97 trillion U.S. dollars, continuing its consistent upward trajectory.

The value of U.S. Treasury securities held by residents of Russia amounted to ** million U.S. dollars in March 2025, marking a stark contrast to ***** billion U.S. dollars held in January 2020. The lowest over the period under consideration was recorded in November 2023 at ** million U.S. dollars. Furthermore, in March 2020, the figure plummeted to **** billion U.S. dollars, down from **** billion U.S. dollars one month prior. Russia’s holdings of U.S. treasury securities have decreased since 2014 following the Western sanctions over the annexation of Crimea and have further dropped in 2022 after more restrictions were imposed over the war in Ukraine. What are U.S. treasury holdings? U.S. treasury holdings are government debt instruments that contribute to the funding of various government projects in the country. The U.S. Department of Treasury allows individuals and organizations to invest in treasury notes, bills, and bonds, which are the main three types of securities. Just under half of the outstanding ** trillion U.S. dollars as of May 2024 were in the form of treasury notes. The notes have varying maturities and coupon payment frequencies, which are different from the maturity periods of treasury bills and bonds. Main foreign holders of U.S. treasury securities Foreign holdings of U.S. treasury debt amounted to ***** trillion U.S. dollars as of January 2024. Japan and China held the largest portions, with China possessing ***** billion U.S. dollars in U.S. securities. Additionally, other significant foreign holders included oil exporting countries and Caribbean banking centers.

Key information about Pakistan External Debt

• Pakistan External Debt reached 134.5 USD bn in Sep 2025, compared with 134.9 USD bn in the previous quarter.
• Pakistan External Debt: USD mn data is updated quarterly, available from Jun 2006 to Sep 2025.
• The data reached an all-time high of 134.9 USD bn in Jun 2025 and a record low of 37.2 USD bn in Jun 2006.

• In the latest reports of Pakistan, Current Account recorded a deficit of 621.0 USD mn in Sep 2025.
• Foreign Direct Investment (FDI) increased by 178.9 USD mn in Oct 2025.
• Pakistan Direct Investment Abroad expanded by 85.0 USD mn in Sep 2025.
• Its Foreign Portfolio Investment fell by 631.0 USD mn in Sep 2025.
• The country's Nominal GDP was reported at 407.2 USD bn in Jun 2025.

Angola owed China nearly ** billion U.S. dollars in 2020. The Asiatic country was Angola's main bilateral creditor, with a share of ** percent of the Angolan public external debt. The United Kingdom came in second, holding around **** billion U.S. dollars of Angola's debt. Overall, the Angolan public external debt increased to over ** billion U.S. dollars in the said period.