10 Countries Facing Huge External Debt

Germany

Germany has a social market economy with a highly qualified labor force, a large capital stock, a low level of corruption, and a high level of innovation. It has the largest national economy in Europe, the fourth largest by nominal GDP in the world, and the fifth largest by PPP in 2009. The service sector contributes approximately 71 percent of the total GDP, industry 28 percent, and agriculture 1 percent. The official average national unemployment rate in May 2012 was 6.7 percent.  However, the official average national unemployment rate also includes people with a part-time job that are looking for a full-time job. The unofficial average national unemployment rate in 2011 was 5.7 percent.

External debt: $4.71 trillion

Per capita debt: $57,755

Percent of GDP: 142