Date: 27 April 2022 ، the watch 03:41
News ID: 10687
Abbas Me’marnejad, a well-known economic analyst, says Iran with a foreign debt of $8.4 billion, is the world’s seventh least indebted country considering the country’s gross domestic product (GDP).

Abbas Me’marnejad, an economic analyst, says Iran with a foreign debt of $8.4 billion, is the world’s seventh least indebted country considering the country’s gross domestic product (GDP).

Some $2.1 billion of Iran’s foreign debts are short-term liabilities while middle and long-term liabilities account for $6.37 billion of the country’s foreign debts, Me’marnejad, also a former deputy minister of economy, was quoted as saying by Fars new agency.

He said that the ratio of foreign debt to GDP in Iran is as insignificant as 2%.
Me’marnejad said that the ratio is 143% in the US and 54% in China which indicate that Iran’s foreign debt is not noteworthy compared to those of major world economies.
He added that the ratio is 276% in Japan which makes the country the most indebted country in the world. 

Source: ICCIMA