I was working on a college assignment and came across this information. Does anyone know why such small countries, like Bermuda ($86B) and the Cayman Islands ($319B), appear as one of the main creditors of the U.S.? Is there any correlation with the fact that they are tax havens?
Pink on black with tiny labels is not a beautiful data visualisation.
OP, your suspicion of tax heaven is correct, though.
![[OC] Major foreign holders of United States treasury securities as of January 2024 (in billion U.S. dollars)](https://www.europesays.com/wp-content/uploads/2024/08/1o1t09qlcmhd1-1920x1024.png)
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Data source: Federal Reserve; US Department of the Treasury, April 2024
Chart made with [Dashbreeze ](https://www.dashbreeze.com/)
See the full chart here: [https://335cdb17-2718-4095-9733-5ee753df20e7.dashbreeze.com](https://335cdb17-2718-4095-9733-5ee753df20e7.dashbreeze.com)
I was working on a college assignment and came across this information. Does anyone know why such small countries, like Bermuda ($86B) and the Cayman Islands ($319B), appear as one of the main creditors of the U.S.? Is there any correlation with the fact that they are tax havens?
Pink on black with tiny labels is not a beautiful data visualisation.
OP, your suspicion of tax heaven is correct, though.