Russia U.S. treasury holdings 2023 | Statista (2024)

FAQs

Russia U.S. treasury holdings 2023 | Statista? ›

The value of U.S. Treasury securities

Since April 2022, China's holdings of US Treasury debt have remained below $1 trillion. During the full year of 2023, China's US debt holdings decreased by a net $50.8 billion. "China's increase or decrease in its holdings of US debt is mainly based on the country's balance of external payments.

The three largest holders of Treasuries -- Japan, China and the UK -- led the purchase U.S. government debt.

Of the $33T of debt, roughly 78% is owned by the public (70% US vs 30% International). The major US public owners include the FED ($6T, but they are no longer buyers), mutual funds, banks, states, pension funds and insurance companies.

If China (or any other nation that has a trade surplus with the U.S.) stops buying U.S. Treasuries or even starts dumping its U.S. forex reserves, its trade surplus would become a trade deficit—something which no export-oriented economy would want, as they would be worse off as a result.

Experts reckon yen purchases by the Bank of Japan at the behest of the Ministry of Finance are funded by dollar deposits held by the BOJ, which are later replenished by the sale of very short-dated U.S. Treasurys or even bills.

Debt as a share of GDP has risen to about the same level as in the United States, while in dollar terms China's total debt ($47.5 trillion) is still markedly below that of the United States (close to $70 trillion). As for non-financial corporate debt, China's 28 percent share is the largest in the world.

All values are adjusted to 2023 dollars. As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).

China is also de-dollarizing its reserves as part of a broader movement to diversify global finance, and chip at dollar dominance. Fear of US sanctions first triggered this pattern among central banks, after witnessing how the West applied dollar restrictions on Russia in 2022.

Does Russia own US debt? ›

2019 due to Russia & China selling their Treasury bonds? According to the US Treasury, Russian ownership of US Treasuries was $2.1 Billion in Nov 2022. That's so small an amount it might as well be zero.

1) Switzerland

Switzerland is a country that, in practically all economic and social metrics, is an example to follow. With a population of almost 9 million people, Switzerland has no natural resources of its own, no access to the sea, and virtually no public debt.

India takes the top spot. The world's most populous country owed $38.3bn to the WB at the end of 2022, down by almost $1.5bn from a year earlier.

Thus, debt is continually paid down and new debt incurred, to be paid down by creation of new debt, ad infinitum. If total indebtedness as a percentage of the national economy does not grow, this can continue forever.

Consequences of Owing Debt to the Chinese

If China called in all of its U.S. holdings, the U.S. dollar would depreciate, whereas the yuan would appreciate, making Chinese goods more expensive.

United States. The United States boasts both the world's biggest national debt in terms of dollar amount and its largest economy, which resolves to a debt-to GDP ratio of approximately 128.13%.

China cuts US Treasury holdings in July to 14-year low amid growing uncertainty of US economy - Global Times. China, the second-largest holder of US Treasury bonds, cut its holdings for a fourth consecutive month in July to $821.8 billion, a 14-year low, data from the US Treasury Department showed on Monday local time.

China's outstanding external debt at 2.45 trillion USD at end of 2023. BEIJING, March 29 -- China's outstanding external debt stood at 2.45 trillion U.S. dollars at the end of 2023, data from the country's forex regulator showed Friday.

2023 was a fairly stable year for the Asia bond market. After a notable drop in 2022 due primarily to interest rate hikes, issuance volumes levelled in 2023 at around US$380 billion. Entering 2024, with more clarity on the interest rate outlook, there is hope that issuers will gradually come back to the market.