Introduction
The debt to GDP ratio is a measure that compares a country’s total debt to its gross domestic product (GDP). It provides an indication of a nation’s ability to repay its debts relative to the size of its economy. The debt to GDP ratio can serve as a metric for evaluating a country’s fiscal health and its level of debt sustainability.
Japan has the highest debt to GDP ratio, standing at 262%. This is followed by Venezuela at 241% and Greece at 193%. These countries have been grappling with significant debt burdens for some time, with various economic and political factors contributing to their high ratios. On the other end of the spectrum, Brunei has the lowest debt to GDP ratio at 1.90%, followed by the Cayman Islands at 4.50%, Kuwait at 7.10%, and Afghanistan at 7.40%.
There are regional trends when it comes to debt to GDP ratios. Countries in Asia, particularly Japan, have some of the highest ratios, while countries in the Middle East, such as Brunei and Kuwait, tend to have lower ratios. High debt to GDP ratios in some countries can challenge their economic stability and growth prospects, as it may limit their ability to invest in infrastructure, social programs, and other development initiatives.
Debt to GDP Ratio
| # | Country | Debt to GDP Ratio | GDP per capita |
|---|---|---|---|
| 1 | Japan | 262% | $39,285 |
| 2 | Venezuela | 241% | |
| 3 | Greece | 193% | $20,277 |
| 4 | Sudan | 182% | $764 |
| 5 | Lebanon | 172% | $2,670 |
| 6 | Eritrea | 165% | |
| 7 | Singapore | 160% | $72,794 |
| 8 | Libya | 155% | $6,018 |
| 9 | Italy | 151% | $35,551 |
| 10 | Bhutan | 135% | |
| 11 | United States of America | 129% | $69,288 |
| 12 | Portugal | 127% | $24,262 |
| 13 | Suriname | 124% | $4,836 |
| 14 | Zambia | 123% | $1,121 |
| 15 | Bahrain | 120% | $22,232 |
| 16 | Spain | 118% | $30,116 |
| 17 | Cuba | 117% | |
| 18 | Canada | 113% | $52,051 |
| 19 | France | 113% | $43,519 |
| 20 | Belgium | 108% | $51,768 |
| 21 | Sri Lanka | 105% | $3,815 |
| 22 | Cyprus | 104% | $30,798 |
| 23 | Mozambique | 101% | $500 |
| 24 | United Kingdom | 97.4% | $47,334 |
| 25 | The Bahamas | 95.6% | $28,239 |
| 26 | Jamaica | 91.5% | $4,587 |
| 27 | Jordan | 89.4% | $4,406 |
| 28 | India | 89.26% | $2,277 |
| 29 | Mauritius | 89% | $8,812 |
| 30 | São Tomé and Príncipe | 88% | $2,449 |
| 31 | Egypt | 87.2% | $3,876 |
| 32 | Angola | 85% | $2,138 |
| 33 | Republic of the Congo | 85% | $2,214 |
| 34 | El Salvador | 84.75% | $4,409 |
| 35 | Pakistan | 84% | $1,538 |
| 36 | Trinidad and Tobago | 83.3% | $15,243 |
| 37 | Montenegro | 83.27% | $9,367 |
| 38 | The Gambia | 82.9% | $836 |
| 39 | Austria | 82.8% | $53,268 |
| 40 | Bolivia | 82.6% | $3,415 |
| 41 | Ghana | 81.8% | $2,445 |
| 42 | Argentina | 80.5% | $10,729 |
| 43 | Brazil | 80.27% | $7,519 |
| 44 | Tunisia | 80% | $3,924 |
| 45 | Croatia | 79.8% | $17,399 |
| 46 | Fiji | 79.8% | $5,086 |
| 47 | Costa Rica | 78.64% | $12,509 |
| 48 | Albania | 78.1% | $6,494 |
| 49 | Morocco | 77.9% | $3,497 |
| 50 | Zimbabwe | 77.2% | $1,737 |
| 51 | People's Republic of China | 76.9% | $12,556 |
| 52 | Namibia | 76% | $4,729 |
| 53 | Iceland | 75% | $68,384 |
| 54 | Sierra Leone | 75% | $516 |
| 55 | Slovenia | 74.7% | $29,201 |
| 56 | Belize | 74.5% | $4,420 |
| 57 | Seychelles | 74% | $13,307 |
| 58 | Hungary | 73.5% | $18,773 |
| 59 | Senegal | 73% | $1,606 |
| 60 | Finland | 72.4% | $53,983 |
| 61 | Uruguay | 71.5% | $17,021 |
| 62 | South Africa | 69.9% | $6,994 |
| 63 | Germany | 69.3% | $50,802 |
| 64 | Kenya | 68.4% | $2,007 |
| 65 | Oman | 67.7% | $16,439 |
| 66 | Rwanda | 66.7% | $834 |
| 67 | Maldives | 66.6% | $8,995 |
| 68 | Nicaragua | 64.8% | $2,091 |
| 69 | Panama | 63.66% | $14,516 |
| 70 | Malaysia | 63.3% | $11,371 |
| 71 | Slovakia | 63.1% | $21,088 |
| 72 | Yemen | 63.1% | $691 |
| 73 | Algeria | 62.5% | $3,765 |
| 74 | Myanmar | 62.5% | $1,187 |
| 75 | Colombia | 61.1% | $6,131 |
| 76 | Togo | 61% | $992 |
| 77 | Israel | 60.9% | $51,430 |
| 78 | Philippines | 60.4% | $3,549 |
| 79 | Kyrgyzstan | 60.3% | $1,276 |
| 80 | Armenia | 60.25% | $4,670 |
| 81 | Thailand | 59.61% | $7,233 |
| 82 | Burkina Faso | 59.6% | $918 |
| 83 | Ecuador | 59% | $5,935 |
| 84 | Malawi | 58.8% | $643 |
| 85 | Georgia | 57.1% | $5,042 |
| 86 | Ethiopia | 57% | $944 |
| 87 | Malta | 57% | $33,257 |
| 88 | Serbia | 56.5% | $9,215 |
| 89 | Ireland | 56% | $99,152 |
| 90 | Mongolia | 56% | $4,535 |
| 91 | Liberia | 55% | $673 |
| 92 | Lesotho | 54.7% | $1,166 |
| 93 | Gabon | 54% | $8,017 |
| 94 | Laos | 53.81% | $2,551 |
| 95 | Poland | 53.8% | $17,841 |
| 96 | Tajikistan | 53.67% | $897 |
| 97 | Netherlands | 52.4% | $58,061 |
| 98 | Central African Republic | 52.1% | $511 |
| 99 | Uganda | 51.7% | $858 |
| 100 | Papua New Guinea | 51.5% | $2,916 |
| 101 | Honduras | 51.46% | $2,831 |
| 102 | Ivory Coast | 51.4% | $2,579 |
| 103 | Niger | 50.9% | $595 |
| 104 | Dominican Republic | 50.4% | $8,604 |
| 105 | Mexico | 49.6% | $9,926 |
| 106 | Ukraine | 48.9% | $4,836 |
| 107 | Romania | 48.8% | $14,862 |
| 108 | Benin | 47.2% | $1,428 |
| 109 | Qatar | 46.9% | $61,276 |
| 110 | South Korea | 46.9% | $34,758 |
| 111 | Cameroon | 46.8% | $1,662 |
| 112 | Latvia | 44.8% | $20,642 |
| 113 | Madagascar | 44.8% | $515 |
| 114 | Chad | 44.7% | $696 |
| 115 | Lithuania | 44.3% | $23,433 |
| 116 | Mauritania | 44.2% | $1,723 |
| 117 | Guyana | 43.7% | $9,375 |
| 118 | Guinea | 43.3% | $1,174 |
| 119 | Djibouti | 43.2% | $3,364 |
| 120 | Norway | 43.2% | $89,203 |
| 121 | Turkey | 42% | $9,587 |
| 122 | Czech Republic | 41.9% | $26,378 |
| 123 | Iran | 41.5% | |
| 124 | Switzerland | 41.4% | $93,457 |
| 125 | Indonesia | 40.9% | $4,292 |
| 126 | Nepal | 40.5% | $1,223 |
| 127 | Vietnam | 39.6% | $3,694 |
| 128 | United Arab Emirates | 38.3% | |
| 129 | Uzbekistan | 38% | $1,983 |
| 130 | Tanzania | 37.3% | $1,136 |
| 131 | Nigeria | 37% | $2,085 |
| 132 | Cambodia | 36.8% | $1,591 |
| 133 | Denmark | 36.7% | $67,803 |
| 134 | Iraq | 36.7% | $5,048 |
| 135 | Sweden | 36.7% | $60,239 |
| 136 | Chile | 36.3% | $16,503 |
| 137 | Australia | 36.1% | $59,934 |
| 138 | Peru | 36% | $6,692 |
| 139 | Paraguay | 34.6% | $5,400 |
| 140 | Bangladesh | 33.9% | $2,503 |
| 141 | Belarus | 33.5% | $7,304 |
| 142 | Moldova | 32.1% | $5,315 |
| 143 | Comoros | 31.1% | $1,495 |
| 144 | New Zealand | 30.1% | $48,802 |
| 145 | Saudi Arabia | 30% | $23,586 |
| 146 | Guatemala | 29.98% | $5,026 |
| 147 | Taiwan | 28.2% | |
| 148 | Kazakhstan | 27.4% | $10,041 |
| 149 | Equatorial Guinea | 27.1% | $8,462 |
| 150 | Bosnia and Herzegovina | 24.8% | $6,916 |
| 151 | Luxembourg | 24.5% | $135,683 |
| 152 | Botswana | 24.2% | $7,348 |
| 153 | Kosovo | 23.34% | |
| 154 | Haiti | 23.1% | $1,815 |
| 155 | Bulgaria | 22.9% | $11,635 |
| 156 | Palestine | 21.3% | $3,664 |
| 157 | Azerbaijan | 18.2% | $5,384 |
| 158 | Russia | 18.2% | $12,173 |
| 159 | Estonia | 18.1% | $27,281 |
| 160 | Burundi | 17% | $237 |
| 161 | Democratic Republic of the Congo | 14.7% | $584 |
| 162 | Turkmenistan | 8% | |
| 163 | Afghanistan | 7.4% | |
| 164 | Kuwait | 7.1% | |
| 165 | Cayman Islands | 4.5% | |
| 166 | Brunei | 1.9% | $31,723 |
Countries With Highest Debt to GDP
The ten countries with the highest debt to GDP ratio are Japan, Venezuela, Greece, Sudan, Lebanon, Eritrea, Singapore, Libya, Italy, and Bhutan. Japan has the highest debt to GDP ratio, standing at 262%. Venezuela has the second highest debt to GDP ratio at 241%. Greece’s ratio is 193%, while Sudan and Lebanon have ratios of 182% and 172%, respectively. Eritrea has the sixth highest debt to GDP ratio at 165%, and Singapore has the seventh highest debt to GDP ratio at 160%. Libya has the eighth highest debt to GDP ratio standing at 155%. Italy has the ninth highest debt to GDP ratio at 151%, and Bhutan concludes the top ten with a ratio of 135%. These countries face significant challenges in managing their debt burdens and ensuring sustainable economic growth.
The top 10 countries with the highest debt to GDP ratio are:
1. Japan – 262%
2. Venezuela – 241%
3. Greece – 193%
4. Sudan – 182%
5. Lebanon – 172%
6. Eritrea – 165%
7. Singapore – 160%
8. Libya – 155%
9. Italy – 151%
10. Bhutan – 135%
Countries by Debt to GDP Ratio
Afghanistan
Debt to GDP Ratio
7.4%
Ranked in the World
#163
Afghanistan has the fourth lowest debt to GDP ratio at 7.40%. The country's low ratio is primarily due to its limited access to international financial markets and a history of being aid-dependent. Afghanistan's ongoing security challenges and fragile economic conditions have constrained its ability to accumulate high levels of debt.
Albania
Debt to GDP Ratio
78.1%
Ranked in the World
#48
GDP per capita
$6,494
Ranked in the World
#88
Algeria
Debt to GDP Ratio
62.5%
Ranked in the World
#73
GDP per capita
$3,765
Ranked in the World
#114
Angola
Debt to GDP Ratio
85%
Ranked in the World
#32
GDP per capita
$2,138
Ranked in the World
#134
Argentina
Debt to GDP Ratio
80.5%
Ranked in the World
#42
GDP per capita
$10,729
Ranked in the World
#64
Armenia
Debt to GDP Ratio
60.25%
Ranked in the World
#80
GDP per capita
$4,670
Ranked in the World
#102
Australia
Debt to GDP Ratio
36.1%
Ranked in the World
#137
GDP per capita
$59,934
Ranked in the World
#12
Austria
Debt to GDP Ratio
82.8%
Ranked in the World
#39
GDP per capita
$53,268
Ranked in the World
#15
Azerbaijan
Debt to GDP Ratio
18.2%
Ranked in the World
#157
GDP per capita
$5,384
Ranked in the World
#93
Azerbaijan has the tenth lowest debt to GDP ratio at 18.20%. The country's low ratio is primarily a result of its oil-rich economy and prudent debt management. Azerbaijan has utilized its oil revenues effectively and focused on diversifying its economy, which has allowed it to keep its debt levels comparatively low.
Bahrain
Debt to GDP Ratio
120%
Ranked in the World
#15
GDP per capita
$22,232
Ranked in the World
#41
Bangladesh
Debt to GDP Ratio
33.9%
Ranked in the World
#140
GDP per capita
$2,503
Ranked in the World
#128
Belarus
Debt to GDP Ratio
33.5%
Ranked in the World
#141
GDP per capita
$7,304
Ranked in the World
#82
Belgium
Debt to GDP Ratio
108%
Ranked in the World
#20
GDP per capita
$51,768
Ranked in the World
#17
Belize
Debt to GDP Ratio
74.5%
Ranked in the World
#56
GDP per capita
$4,420
Ranked in the World
#105
Benin
Debt to GDP Ratio
47.2%
Ranked in the World
#108
GDP per capita
$1,428
Ranked in the World
#148
Bhutan
Debt to GDP Ratio
135%
Ranked in the World
#10
Bhutan has the tenth highest debt to GDP ratio of 135%. The country's ratio has increased due to investments in infrastructure development, education, and healthcare. Bhutan's reliance on external borrowing to fund these initiatives has contributed to its elevated debt levels, although the country has been managing its debt sustainability with prudent fiscal policies.
Bolivia
Debt to GDP Ratio
82.6%
Ranked in the World
#40
GDP per capita
$3,415
Ranked in the World
#120
Bosnia and Herzegovina
Debt to GDP Ratio
24.8%
Ranked in the World
#150
GDP per capita
$6,916
Ranked in the World
#85
Botswana
Debt to GDP Ratio
24.2%
Ranked in the World
#152
GDP per capita
$7,348
Ranked in the World
#81
Brazil
Debt to GDP Ratio
80.27%
Ranked in the World
#43
GDP per capita
$7,519
Ranked in the World
#80
Brunei
Debt to GDP Ratio
1.9%
Ranked in the World
#166
GDP per capita
$31,723
Ranked in the World
#30
Brunei has the lowest debt to GDP ratio, standing at 1.90%. The country's low ratio can be attributed to its substantial oil and gas reserves, which have provided a stable source of revenue and enabled Brunei to maintain strong fiscal discipline and prudent debt management practices.
Bulgaria
Debt to GDP Ratio
22.9%
Ranked in the World
#155
GDP per capita
$11,635
Ranked in the World
#62
Burkina Faso
Debt to GDP Ratio
59.6%
Ranked in the World
#82
GDP per capita
$918
Ranked in the World
#158
Burundi
Debt to GDP Ratio
17%
Ranked in the World
#160
GDP per capita
$237
Ranked in the World
#177
Burundi has the seventh lowest debt to GDP ratio at 17%. The country's low ratio is a result of its economic constraints and limited borrowing capacity. Burundi has faced significant challenges, including political instability and a reliance on subsistence agriculture, which have limited its ability to accumulate substantial levels of debt.
Cambodia
Debt to GDP Ratio
36.8%
Ranked in the World
#132
GDP per capita
$1,591
Ranked in the World
#144
Cameroon
Debt to GDP Ratio
46.8%
Ranked in the World
#111
GDP per capita
$1,662
Ranked in the World
#142
Canada
Debt to GDP Ratio
113%
Ranked in the World
#18
GDP per capita
$52,051
Ranked in the World
#16
Cayman Islands
Debt to GDP Ratio
4.5%
Ranked in the World
#165
The Cayman Islands has the second lowest debt to GDP ratio at 4.50%. The country's low ratio is primarily a result of its status as a global financial hub, with a thriving offshore banking and financial services sector.
Central African Republic
Debt to GDP Ratio
52.1%
Ranked in the World
#98
GDP per capita
$511
Ranked in the World
#174
Chad
Debt to GDP Ratio
44.7%
Ranked in the World
#114
GDP per capita
$696
Ranked in the World
#166
Chile
Debt to GDP Ratio
36.3%
Ranked in the World
#136
GDP per capita
$16,503
Ranked in the World
#51
Colombia
Debt to GDP Ratio
61.1%
Ranked in the World
#75
GDP per capita
$6,131
Ranked in the World
#89
Comoros
Debt to GDP Ratio
31.1%
Ranked in the World
#143
GDP per capita
$1,495
Ranked in the World
#146
Costa Rica
Debt to GDP Ratio
78.64%
Ranked in the World
#47
GDP per capita
$12,509
Ranked in the World
#59
Croatia
Debt to GDP Ratio
79.8%
Ranked in the World
#45
GDP per capita
$17,399
Ranked in the World
#48
Cuba
Debt to GDP Ratio
117%
Ranked in the World
#17
Cyprus
Debt to GDP Ratio
104%
Ranked in the World
#22
GDP per capita
$30,798
Ranked in the World
#31
Czech Republic
Debt to GDP Ratio
41.9%
Ranked in the World
#122
GDP per capita
$26,378
Ranked in the World
#36
Democratic Republic of the Congo
Debt to GDP Ratio
14.7%
Ranked in the World
#161
GDP per capita
$584
Ranked in the World
#171
The Democratic Republic of the Congo has the sixth lowest debt to GDP ratio at 14.70%. The country's relatively low ratio is influenced by its status as a lower-income nation with limited access to international capital markets.
Denmark
Debt to GDP Ratio
36.7%
Ranked in the World
#133
GDP per capita
$67,803
Ranked in the World
#9
Djibouti
Debt to GDP Ratio
43.2%
Ranked in the World
#119
GDP per capita
$3,364
Ranked in the World
#121
Dominican Republic
Debt to GDP Ratio
50.4%
Ranked in the World
#104
GDP per capita
$8,604
Ranked in the World
#75
Ecuador
Debt to GDP Ratio
59%
Ranked in the World
#83
GDP per capita
$5,935
Ranked in the World
#91
Egypt
Debt to GDP Ratio
87.2%
Ranked in the World
#31
GDP per capita
$3,876
Ranked in the World
#112
El Salvador
Debt to GDP Ratio
84.75%
Ranked in the World
#34
GDP per capita
$4,409
Ranked in the World
#106
Equatorial Guinea
Debt to GDP Ratio
27.1%
Ranked in the World
#149
GDP per capita
$8,462
Ranked in the World
#76
Eritrea
Debt to GDP Ratio
165%
Ranked in the World
#6
Eritrea has the sixth highest debt to GDP ratio at 165%. The country's high ratio stems from limited access to international financial markets and economic sanctions imposed by the United Nations. Eritrea's debt burden primarily comprises external debts owed to bilateral and multilateral creditors.
Estonia
Debt to GDP Ratio
18.1%
Ranked in the World
#159
GDP per capita
$27,281
Ranked in the World
#35
Estonia has the eighth lowest debt to GDP ratio at 18.10%. The country's low ratio is a testament to its prudent fiscal policies and commitment to sound economic management. Estonia has experienced strong economic growth, driven by a robust technology sector and effective governance, which has allowed it to maintain a favorable debt to GDP ratio.
Ethiopia
Debt to GDP Ratio
57%
Ranked in the World
#86
GDP per capita
$944
Ranked in the World
#157
Fiji
Debt to GDP Ratio
79.8%
Ranked in the World
#46
GDP per capita
$5,086
Ranked in the World
#95
Finland
Debt to GDP Ratio
72.4%
Ranked in the World
#60
GDP per capita
$53,983
Ranked in the World
#14
France
Debt to GDP Ratio
113%
Ranked in the World
#19
GDP per capita
$43,519
Ranked in the World
#24
Gabon
Debt to GDP Ratio
54%
Ranked in the World
#93
GDP per capita
$8,017
Ranked in the World
#77
Georgia
Debt to GDP Ratio
57.1%
Ranked in the World
#85
GDP per capita
$5,042
Ranked in the World
#97
Germany
Debt to GDP Ratio
69.3%
Ranked in the World
#63
GDP per capita
$50,802
Ranked in the World
#19
Ghana
Debt to GDP Ratio
81.8%
Ranked in the World
#41
GDP per capita
$2,445
Ranked in the World
#130
Greece
Debt to GDP Ratio
193%
Ranked in the World
#3
GDP per capita
$20,277
Ranked in the World
#44
Greece has the third highest debt to GDP ratio at 193%. The country faced a severe debt crisis in recent years, necessitating multiple bailouts from international creditors. The combination of economic recession, high unemployment rates, and the need for austerity measures to restore fiscal balance has led to Greece's elevated debt levels.
Guatemala
Debt to GDP Ratio
29.98%
Ranked in the World
#146
GDP per capita
$5,026
Ranked in the World
#98
Guinea
Debt to GDP Ratio
43.3%
Ranked in the World
#118
GDP per capita
$1,174
Ranked in the World
#152
Guyana
Debt to GDP Ratio
43.7%
Ranked in the World
#117
GDP per capita
$9,375
Ranked in the World
#70
Haiti
Debt to GDP Ratio
23.1%
Ranked in the World
#154
GDP per capita
$1,815
Ranked in the World
#139
Honduras
Debt to GDP Ratio
51.46%
Ranked in the World
#101
GDP per capita
$2,831
Ranked in the World
#124
Hungary
Debt to GDP Ratio
73.5%
Ranked in the World
#58
GDP per capita
$18,773
Ranked in the World
#45
Iceland
Debt to GDP Ratio
75%
Ranked in the World
#53
GDP per capita
$68,384
Ranked in the World
#8
India
Debt to GDP Ratio
89.26%
Ranked in the World
#28
GDP per capita
$2,277
Ranked in the World
#132
Indonesia
Debt to GDP Ratio
40.9%
Ranked in the World
#125
GDP per capita
$4,292
Ranked in the World
#108
Iran
Debt to GDP Ratio
41.5%
Ranked in the World
#123
Iraq
Debt to GDP Ratio
36.7%
Ranked in the World
#134
GDP per capita
$5,048
Ranked in the World
#96
Ireland
Debt to GDP Ratio
56%
Ranked in the World
#89
GDP per capita
$99,152
Ranked in the World
#3
Israel
Debt to GDP Ratio
60.9%
Ranked in the World
#77
GDP per capita
$51,430
Ranked in the World
#18
Italy
Debt to GDP Ratio
151%
Ranked in the World
#9
GDP per capita
$35,551
Ranked in the World
#27
Italy has the ninth highest debt to GDP ratio at 151%. The country's high ratio is primarily due to a combination of factors, including a sluggish economy, a large public sector, and a history of excessive government spending.
Ivory Coast
Debt to GDP Ratio
51.4%
Ranked in the World
#102
GDP per capita
$2,579
Ranked in the World
#126
Jamaica
Debt to GDP Ratio
91.5%
Ranked in the World
#26
GDP per capita
$4,587
Ranked in the World
#103
Japan
Debt to GDP Ratio
262%
Ranked in the World
#1
GDP per capita
$39,285
Ranked in the World
#26
Japan has the highest debt to GDP ratio standing at 262%. The country's high ratio can be attributed to its persistent budget deficits and extensive government borrowing to finance various initiatives, including economic stimulus packages and social welfare programs.
Jordan
Debt to GDP Ratio
89.4%
Ranked in the World
#27
GDP per capita
$4,406
Ranked in the World
#107
Kazakhstan
Debt to GDP Ratio
27.4%
Ranked in the World
#148
GDP per capita
$10,041
Ranked in the World
#65
Kenya
Debt to GDP Ratio
68.4%
Ranked in the World
#64
GDP per capita
$2,007
Ranked in the World
#137
Kosovo
Debt to GDP Ratio
23.34%
Ranked in the World
#153
Kuwait
Debt to GDP Ratio
7.1%
Ranked in the World
#164
Kuwait has the third lowest debt to GDP ratio at 7.10%. The country benefits from significant oil reserves and has been able to finance its expenditures without resorting to excessive borrowing.
Kyrgyzstan
Debt to GDP Ratio
60.3%
Ranked in the World
#79
GDP per capita
$1,276
Ranked in the World
#149
Laos
Debt to GDP Ratio
53.81%
Ranked in the World
#94
GDP per capita
$2,551
Ranked in the World
#127
Latvia
Debt to GDP Ratio
44.8%
Ranked in the World
#112
GDP per capita
$20,642
Ranked in the World
#43
Lebanon
Debt to GDP Ratio
172%
Ranked in the World
#5
GDP per capita
$2,670
Ranked in the World
#125
Lebanon has the fifth highest debt to GDP ratio at 172%. The country's ratio surged due to a combination of factors, including a significant increase in public spending, a decline in economic growth, and political instability. Lebanon's debt sustainability has become a pressing concern, compounded by a banking crisis and the devastating impact of the Beirut port explosion in 2020.
Lesotho
Debt to GDP Ratio
54.7%
Ranked in the World
#92
GDP per capita
$1,166
Ranked in the World
#153
Liberia
Debt to GDP Ratio
55%
Ranked in the World
#91
GDP per capita
$673
Ranked in the World
#168
Libya
Debt to GDP Ratio
155%
Ranked in the World
#8
GDP per capita
$6,018
Ranked in the World
#90
Libya has the eighth highest debt to GDP ratio at 155%. The country's elevated ratio can be attributed to ongoing political instability, armed conflicts, and disruptions in oil production. The lack of financial stability and the absence of a unified government have hindered Libya's ability to address its debt challenges effectively.
Lithuania
Debt to GDP Ratio
44.3%
Ranked in the World
#115
GDP per capita
$23,433
Ranked in the World
#40
Luxembourg
Debt to GDP Ratio
24.5%
Ranked in the World
#151
GDP per capita
$135,683
Ranked in the World
#1
Madagascar
Debt to GDP Ratio
44.8%
Ranked in the World
#113
GDP per capita
$515
Ranked in the World
#173
Malawi
Debt to GDP Ratio
58.8%
Ranked in the World
#84
GDP per capita
$643
Ranked in the World
#169
Malaysia
Debt to GDP Ratio
63.3%
Ranked in the World
#70
GDP per capita
$11,371
Ranked in the World
#63
Maldives
Debt to GDP Ratio
66.6%
Ranked in the World
#67
GDP per capita
$8,995
Ranked in the World
#73
Malta
Debt to GDP Ratio
57%
Ranked in the World
#87
GDP per capita
$33,257
Ranked in the World
#29
Mauritania
Debt to GDP Ratio
44.2%
Ranked in the World
#116
GDP per capita
$1,723
Ranked in the World
#141
Mauritius
Debt to GDP Ratio
89%
Ranked in the World
#29
GDP per capita
$8,812
Ranked in the World
#74
Mexico
Debt to GDP Ratio
49.6%
Ranked in the World
#105
GDP per capita
$9,926
Ranked in the World
#67
Moldova
Debt to GDP Ratio
32.1%
Ranked in the World
#142
GDP per capita
$5,315
Ranked in the World
#94
Mongolia
Debt to GDP Ratio
56%
Ranked in the World
#90
GDP per capita
$4,535
Ranked in the World
#104
Montenegro
Debt to GDP Ratio
83.27%
Ranked in the World
#37
GDP per capita
$9,367
Ranked in the World
#71
Morocco
Debt to GDP Ratio
77.9%
Ranked in the World
#49
GDP per capita
$3,497
Ranked in the World
#118
Mozambique
Debt to GDP Ratio
101%
Ranked in the World
#23
GDP per capita
$500
Ranked in the World
#175
Myanmar
Debt to GDP Ratio
62.5%
Ranked in the World
#74
GDP per capita
$1,187
Ranked in the World
#151
Namibia
Debt to GDP Ratio
76%
Ranked in the World
#52
GDP per capita
$4,729
Ranked in the World
#101
Nepal
Debt to GDP Ratio
40.5%
Ranked in the World
#126
GDP per capita
$1,223
Ranked in the World
#150
Netherlands
Debt to GDP Ratio
52.4%
Ranked in the World
#97
GDP per capita
$58,061
Ranked in the World
#13
New Zealand
Debt to GDP Ratio
30.1%
Ranked in the World
#144
GDP per capita
$48,802
Ranked in the World
#21
Nicaragua
Debt to GDP Ratio
64.8%
Ranked in the World
#68
GDP per capita
$2,091
Ranked in the World
#135
Niger
Debt to GDP Ratio
50.9%
Ranked in the World
#103
GDP per capita
$595
Ranked in the World
#170
Nigeria
Debt to GDP Ratio
37%
Ranked in the World
#131
GDP per capita
$2,085
Ranked in the World
#136
Norway
Debt to GDP Ratio
43.2%
Ranked in the World
#120
GDP per capita
$89,203
Ranked in the World
#5
Oman
Debt to GDP Ratio
67.7%
Ranked in the World
#65
GDP per capita
$16,439
Ranked in the World
#52
Pakistan
Debt to GDP Ratio
84%
Ranked in the World
#35
GDP per capita
$1,538
Ranked in the World
#145
Palestine
Debt to GDP Ratio
21.3%
Ranked in the World
#156
GDP per capita
$3,664
Ranked in the World
#116
Panama
Debt to GDP Ratio
63.66%
Ranked in the World
#69
GDP per capita
$14,516
Ranked in the World
#56
Papua New Guinea
Debt to GDP Ratio
51.5%
Ranked in the World
#100
GDP per capita
$2,916
Ranked in the World
#123
Paraguay
Debt to GDP Ratio
34.6%
Ranked in the World
#139
GDP per capita
$5,400
Ranked in the World
#92
People's Republic of China
Debt to GDP Ratio
76.9%
Ranked in the World
#51
GDP per capita
$12,556
Ranked in the World
#58
Peru
Debt to GDP Ratio
36%
Ranked in the World
#138
GDP per capita
$6,692
Ranked in the World
#87
Philippines
Debt to GDP Ratio
60.4%
Ranked in the World
#78
GDP per capita
$3,549
Ranked in the World
#117
Poland
Debt to GDP Ratio
53.8%
Ranked in the World
#95
GDP per capita
$17,841
Ranked in the World
#47
Portugal
Debt to GDP Ratio
127%
Ranked in the World
#12
GDP per capita
$24,262
Ranked in the World
#37
Qatar
Debt to GDP Ratio
46.9%
Ranked in the World
#109
GDP per capita
$61,276
Ranked in the World
#10
Republic of the Congo
Debt to GDP Ratio
85%
Ranked in the World
#33
GDP per capita
$2,214
Ranked in the World
#133
Romania
Debt to GDP Ratio
48.8%
Ranked in the World
#107
GDP per capita
$14,862
Ranked in the World
#55
Russia
Debt to GDP Ratio
18.2%
Ranked in the World
#158
GDP per capita
$12,173
Ranked in the World
#61
Russia has the ninth lowest debt to GDP ratio at 18.20%. The country's low ratio can be attributed to its substantial natural resources, particularly oil and gas reserves, which have provided a stable source of revenue.
Rwanda
Debt to GDP Ratio
66.7%
Ranked in the World
#66
GDP per capita
$834
Ranked in the World
#163
São Tomé and Príncipe
Debt to GDP Ratio
88%
Ranked in the World
#30
GDP per capita
$2,449
Ranked in the World
#129
Saudi Arabia
Debt to GDP Ratio
30%
Ranked in the World
#145
GDP per capita
$23,586
Ranked in the World
#39
Senegal
Debt to GDP Ratio
73%
Ranked in the World
#59
GDP per capita
$1,606
Ranked in the World
#143
Serbia
Debt to GDP Ratio
56.5%
Ranked in the World
#88
GDP per capita
$9,215
Ranked in the World
#72
Seychelles
Debt to GDP Ratio
74%
Ranked in the World
#57
GDP per capita
$13,307
Ranked in the World
#57
Sierra Leone
Debt to GDP Ratio
75%
Ranked in the World
#54
GDP per capita
$516
Ranked in the World
#172
Singapore
Debt to GDP Ratio
160%
Ranked in the World
#7
GDP per capita
$72,794
Ranked in the World
#6
Singapore has the seventh highest debt to GDP ratio at 160%. The city-state's high ratio is primarily a result of its unique economic structure and government policies. Singapore has strategically accumulated substantial financial assets, including reserves, as part of its long-term economic planning.
Slovakia
Debt to GDP Ratio
63.1%
Ranked in the World
#71
GDP per capita
$21,088
Ranked in the World
#42
Slovenia
Debt to GDP Ratio
74.7%
Ranked in the World
#55
GDP per capita
$29,201
Ranked in the World
#33
South Africa
Debt to GDP Ratio
69.9%
Ranked in the World
#62
GDP per capita
$6,994
Ranked in the World
#84
South Korea
Debt to GDP Ratio
46.9%
Ranked in the World
#110
GDP per capita
$34,758
Ranked in the World
#28
Spain
Debt to GDP Ratio
118%
Ranked in the World
#16
GDP per capita
$30,116
Ranked in the World
#32
Sri Lanka
Debt to GDP Ratio
105%
Ranked in the World
#21
GDP per capita
$3,815
Ranked in the World
#113
Sudan
Debt to GDP Ratio
182%
Ranked in the World
#4
GDP per capita
$764
Ranked in the World
#165
Sudan has the fourth highest debt to GDP ratio at 182%. The country's high ratio can be attributed to external debt incurred from loans and financial assistance. Political instability, armed conflicts, and economic challenges have hindered Sudan's ability to manage and reduce its debt burden.
Suriname
Debt to GDP Ratio
124%
Ranked in the World
#13
GDP per capita
$4,836
Ranked in the World
#99
Sweden
Debt to GDP Ratio
36.7%
Ranked in the World
#135
GDP per capita
$60,239
Ranked in the World
#11
Switzerland
Debt to GDP Ratio
41.4%
Ranked in the World
#124
GDP per capita
$93,457
Ranked in the World
#4
Taiwan
Debt to GDP Ratio
28.2%
Ranked in the World
#147
Tajikistan
Debt to GDP Ratio
53.67%
Ranked in the World
#96
GDP per capita
$897
Ranked in the World
#160
Tanzania
Debt to GDP Ratio
37.3%
Ranked in the World
#130
GDP per capita
$1,136
Ranked in the World
#154
Thailand
Debt to GDP Ratio
59.61%
Ranked in the World
#81
GDP per capita
$7,233
Ranked in the World
#83
The Bahamas
Debt to GDP Ratio
95.6%
Ranked in the World
#25
GDP per capita
$28,239
Ranked in the World
#34
The Gambia
Debt to GDP Ratio
82.9%
Ranked in the World
#38
GDP per capita
$836
Ranked in the World
#162
Togo
Debt to GDP Ratio
61%
Ranked in the World
#76
GDP per capita
$992
Ranked in the World
#156
Trinidad and Tobago
Debt to GDP Ratio
83.3%
Ranked in the World
#36
GDP per capita
$15,243
Ranked in the World
#53
Tunisia
Debt to GDP Ratio
80%
Ranked in the World
#44
GDP per capita
$3,924
Ranked in the World
#111
Turkey
Debt to GDP Ratio
42%
Ranked in the World
#121
GDP per capita
$9,587
Ranked in the World
#68
Turkmenistan
Debt to GDP Ratio
8%
Ranked in the World
#162
Turkmenistan has the fifth lowest debt to GDP ratio at 8%. The country's low ratio can be attributed to its vast natural gas reserves and state-controlled economy.
Uganda
Debt to GDP Ratio
51.7%
Ranked in the World
#99
GDP per capita
$858
Ranked in the World
#161
Ukraine
Debt to GDP Ratio
48.9%
Ranked in the World
#106
GDP per capita
$4,836
Ranked in the World
#100
United Arab Emirates
Debt to GDP Ratio
38.3%
Ranked in the World
#128
United Kingdom
Debt to GDP Ratio
97.4%
Ranked in the World
#24
GDP per capita
$47,334
Ranked in the World
#22
United States of America
Debt to GDP Ratio
129%
Ranked in the World
#11
GDP per capita
$69,288
Ranked in the World
#7
Uruguay
Debt to GDP Ratio
71.5%
Ranked in the World
#61
GDP per capita
$17,021
Ranked in the World
#50
Uzbekistan
Debt to GDP Ratio
38%
Ranked in the World
#129
GDP per capita
$1,983
Ranked in the World
#138
Venezuela
Debt to GDP Ratio
241%
Ranked in the World
#2
Venezuela holds the second highest debt to GDP ratio at 241%. The country's economic crisis, marked by hyperinflation, political instability, and declining oil revenues, has significantly contributed to its escalating debt.
Vietnam
Debt to GDP Ratio
39.6%
Ranked in the World
#127
GDP per capita
$3,694
Ranked in the World
#115
Yemen
Debt to GDP Ratio
63.1%
Ranked in the World
#72
GDP per capita
$691
Ranked in the World
#167
Zambia
Debt to GDP Ratio
123%
Ranked in the World
#14
GDP per capita
$1,121
Ranked in the World
#155
Zimbabwe
Debt to GDP Ratio
77.2%
Ranked in the World
#50
GDP per capita
$1,737
Ranked in the World
#140
Need to survey a highly targeted audience?
Talk to our Experts