Wikipedia
Debtor Nation
Debtor Nation: The History of America in Red Ink is a book written by Harvard economic historian Louis Hyman and published by Princeton University Press in 2011.
Usage examples of "debtor nation".
In ancient days, when in the course of human events a balance of trade was in favour of a nation which did not want to spend the balance in or lend the balance to a debtor nation, the debtor nation paid that balance in metallic gold.
The United States of North Jupiter at this point is on the verge of becoming a net debtor nation.