Before reading this, try to state the names of the territories. I had trouble naming them all, and there are only five.
The GAO looked at the past fifteen years. Its conclusions:
Puerto Rico's debt grew to 66% of GDP and the territory is now in default. Its financial future is unclear until debt restructuring is complete.
Guam's debt increased to 44% of GDP. Large unfunded pensions, if unaddressed, may hamper repayment.
The U.S. Virgin Islands' debt grew to 72% of GDP. It's uncertain if financial reform will let the territory borrow at favorable rates again.
At 11% and 16% of GDP, respectively, American Samoa and Northern Mariana Islands had lower debt relative to the size of their economies.
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