Japan is being the top country by net debt in the world. As of 2016, net debt in Japan was 645,806 national currency (billions) that accounts for 34.31 % of the world's net debt. The top 5 countries (others are Republic of Korea, Colombia, Lebanon, and Paraguay) account for 92.27 % of it. The world's total net debt was estimated at 1,882,525 national currency (billions) in 2016.
Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable.receivable.