Debt to GDP Ratio by Country 2023

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Interactive Map Introduction Debt to GDP Ratio by Country Afghanistan Albania Algeria Angola Argentina Armenia Australia Austria Azerbaijan Bahrain Bangladesh Belarus Belgium Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cayman Islands Central African Republic Chad Chile Colombia Comoros Costa Rica Croatia Cuba Cyprus Czech Republic Democratic Republic of the Congo Denmark Djibouti Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Fiji Finland France Gabon Georgia Germany Ghana Greece Guatemala Guinea Guyana Haiti Honduras Hungary Iceland India Indonesia Iran Iraq Ireland Israel Italy Ivory Coast Jamaica Japan Jordan Kazakhstan Kenya Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libya Lithuania Luxembourg Madagascar Malawi Malaysia Maldives Malta Mauritania Mauritius Mexico Moldova Mongolia Montenegro Morocco Mozambique Myanmar Namibia Nepal Netherlands New Zealand Nicaragua Niger Nigeria Norway Oman Pakistan Palestine Panama Papua New Guinea Paraguay People's Republic of China Peru Philippines Poland Portugal Qatar Republic of the Congo Romania Russia Rwanda São Tomé and Príncipe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Slovakia Slovenia South Africa South Korea Spain Sri Lanka Sudan Suriname Sweden Switzerland Taiwan Tajikistan Tanzania Thailand The Bahamas The Gambia Togo Trinidad and Tobago Tunisia Turkey Turkmenistan Uganda Ukraine United Arab Emirates United Kingdom United States of America Uruguay Uzbekistan Venezuela Vietnam Yemen Zambia Zimbabwe

Introduction

The debt to GDP ratio measures the total amount of debt owed by a country relative to its national economic output. This ratio is used as an indicator of a country’s financial health and ability to service its debt obligations. Generally, countries with higher ratios carry more risk and are often viewed with caution by lenders and investors. Variations in this ratio can range significantly across the world, depending on factors such as a country’s GDP growth rate, the size of its population, access to capital markets, domestic interest rates, and monetary policy. For example, some developed nations such as Japan, Greece, and Italy have been struggling for years with soaring debt levels relative to their GDP outputs.

Meanwhile, many emerging economies have been able to keep their debt levels relatively low by avoiding taking on too much credit-fueled government spending or reliance on foreign borrowing. Developing countries such as China and India have also implemented fiscal policies that reduce their risk of rising public indebtedness over time. In addition, smaller countries in Europe may not experience the same level of volatility in their debt to GDP ratios due to the Eurozone’s common currency framework providing greater stability in terms of both trade balances and borrowing costs. Overall, this ratio is an important measure used by investors and governments alike to assess a nation’s creditworthiness and economic soundness.

#	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

Debt to GDP Ratio by Country

Afghanistan

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Debt to GDP Ratio

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7.4%

Ranked in the World

#163

Albania

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Debt to GDP Ratio

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78.1%

Ranked in the World

#48