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Who owns the most US debt in 2026?
In this video, we explore the Top Countries Holding the Most USA Debt (2026) — and how these nations influence the world’s largest economy.
From China and Japan to the United Kingdom and oil-rich allies, discover who finances the United States — and what it means for global power.
With $1.2 trillion in U.S. Treasuries, Japan is the largest foreign holder of U.S. debt.

In 2019, Japan overtook China, marking a major shift from a decade earlier, when China held nearly $1.3 trillion. Since then, China’s Treasury holdings have been nearly cut in half, while Japan’s have risen more modestly, up $61 billion over the same period.

he UK ranks next, with $888.5 billion in U.S. federal debt. In the past 12 months, these debt holdings increased by the double-digits, a pattern echoed across several European nations, including Belgium, France, and Norway.

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