05/01/2009 05:12 am ET | Updated May 25, 2011

Do You Know Which Countries Hold America's National Debt?

While most of us know that China and Japan are the two nations that hold the greatest portion of America's national debt, last night I took the time to find out how much debt is held by other nations.

Here are the most current figures as released by Treasury (click here for historical data):

Couple of quick notes:

  • Russia went from effectively holding no American debt at the start of 2007 to its current ranking of 7th place with $120 billion -- and climbing -- at the end of 2008;             
  • While Treasury doesn't breakdown the oil producing states which hold American debt (together they are in third place), that group includes quite a few pariah nations:

    Oil exporters include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria.

Mark Nickolas is the Managing Editor of Political Base, and this story was from his original post, "Who Owns America?"