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
See less
do_not_disturb_on
Debt to GDP Ratio
help
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
See more
add_circle
Debt to GDP Ratio
help
78.1%
Ranked in the World
#48
help
$6,494
Ranked in the World
#88
Algeria
See more
add_circle
Debt to GDP Ratio
help
62.5%
Ranked in the World
#73
help
$3,765
Ranked in the World
#114
Angola
See more
add_circle
Debt to GDP Ratio
help
85%
Ranked in the World
#32
help
$2,138
Ranked in the World
#134
Argentina
See more
add_circle
Debt to GDP Ratio
help
80.5%
Ranked in the World
#42
help
$10,729
Ranked in the World
#64
Armenia
See more
add_circle
Debt to GDP Ratio
help
60.25%
Ranked in the World
#80
help
$4,670
Ranked in the World
#102
Australia
See more
add_circle
Debt to GDP Ratio
help
36.1%
Ranked in the World
#137
help
$59,934
Ranked in the World
#12
Austria
See more
add_circle
Debt to GDP Ratio
help
82.8%
Ranked in the World
#39
help
$53,268
Ranked in the World
#15
Azerbaijan
See more
add_circle
Debt to GDP Ratio
help
18.2%
Ranked in the World
#157
help
$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
See more
add_circle
Debt to GDP Ratio
help
120%
Ranked in the World
#15
help
$22,232
Ranked in the World
#41
Bangladesh
See more
add_circle
Debt to GDP Ratio
help
33.9%
Ranked in the World
#140
help
$2,503
Ranked in the World
#128
Belarus
See more
add_circle
Debt to GDP Ratio
help
33.5%
Ranked in the World
#141
help
$7,304
Ranked in the World
#82
Belgium
See more
add_circle
Debt to GDP Ratio
help
108%
Ranked in the World
#20
help
$51,768
Ranked in the World
#17
Belize
See more
add_circle
Debt to GDP Ratio
help
74.5%
Ranked in the World
#56
help
$4,420
Ranked in the World
#105
Benin
See more
add_circle
Debt to GDP Ratio
help
47.2%
Ranked in the World
#108
help
$1,428
Ranked in the World
#148
Bhutan
See more
add_circle
Debt to GDP Ratio
help
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
See more
add_circle
Debt to GDP Ratio
help
82.6%
Ranked in the World
#40
help
$3,415
Ranked in the World
#120
Bosnia and Herzegovina
See more
add_circle
Debt to GDP Ratio
help
24.8%
Ranked in the World
#150
help
$6,916
Ranked in the World
#85
Botswana
See more
add_circle
Debt to GDP Ratio
help
24.2%
Ranked in the World
#152
help
$7,348
Ranked in the World
#81
Brazil
See more
add_circle
Debt to GDP Ratio
help
80.27%
Ranked in the World
#43
help
$7,519
Ranked in the World
#80
Brunei
See more
add_circle
Debt to GDP Ratio
help
1.9%
Ranked in the World
#166
help
$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
See more
add_circle
Debt to GDP Ratio
help
22.9%
Ranked in the World
#155
help
$11,635
Ranked in the World
#62
Burkina Faso
See more
add_circle
Debt to GDP Ratio
help
59.6%
Ranked in the World
#82
help
$918
Ranked in the World
#158
Burundi
See more
add_circle
Debt to GDP Ratio
help
17%
Ranked in the World
#160
help
$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
See more
add_circle
Debt to GDP Ratio
help
36.8%
Ranked in the World
#132
help
$1,591
Ranked in the World
#144
Cameroon
See more
add_circle
Debt to GDP Ratio
help
46.8%
Ranked in the World
#111
help
$1,662
Ranked in the World
#142
Canada
See more
add_circle
Debt to GDP Ratio
help
113%
Ranked in the World
#18
help
$52,051
Ranked in the World
#16
Cayman Islands
See more
add_circle
Debt to GDP Ratio
help
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
See more
add_circle
Debt to GDP Ratio
help
52.1%
Ranked in the World
#98
help
$511
Ranked in the World
#174
Chad
See more
add_circle
Debt to GDP Ratio
help
44.7%
Ranked in the World
#114
help
$696
Ranked in the World
#166
Chile
See more
add_circle
Debt to GDP Ratio
help
36.3%
Ranked in the World
#136
help
$16,503
Ranked in the World
#51
Colombia
See more
add_circle
Debt to GDP Ratio
help
61.1%
Ranked in the World
#75
help
$6,131
Ranked in the World
#89
Comoros
See more
add_circle
Debt to GDP Ratio
help
31.1%
Ranked in the World
#143
help
$1,495
Ranked in the World
#146
Costa Rica
See more
add_circle
Debt to GDP Ratio
help
78.64%
Ranked in the World
#47
help
$12,509
Ranked in the World
#59
Croatia
See more
add_circle
Debt to GDP Ratio
help
79.8%
Ranked in the World
#45
help
$17,399
Ranked in the World
#48
Cuba
See more
add_circle
Debt to GDP Ratio
help
117%
Ranked in the World
#17
Cyprus
See more
add_circle
Debt to GDP Ratio
help
104%
Ranked in the World
#22
help
$30,798
Ranked in the World
#31
Czech Republic
See more
add_circle
Debt to GDP Ratio
help
41.9%
Ranked in the World
#122
help
$26,378
Ranked in the World
#36
Democratic Republic of the Congo
See more
add_circle
Debt to GDP Ratio
help
14.7%
Ranked in the World
#161
help
$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
See more
add_circle
Debt to GDP Ratio
help
36.7%
Ranked in the World
#133
help
$67,803
Ranked in the World
#9
Djibouti
See more
add_circle
Debt to GDP Ratio
help
43.2%
Ranked in the World
#119
help
$3,364
Ranked in the World
#121
Dominican Republic
See more
add_circle
Debt to GDP Ratio
help
50.4%
Ranked in the World
#104
help
$8,604
Ranked in the World
#75
Ecuador
See more
add_circle
Debt to GDP Ratio
help
59%
Ranked in the World
#83
help
$5,935
Ranked in the World
#91
Egypt
See more
add_circle
Debt to GDP Ratio
help
87.2%
Ranked in the World
#31
help
$3,876
Ranked in the World
#112
El Salvador
See more
add_circle
Debt to GDP Ratio
help
84.75%
Ranked in the World
#34
help
$4,409
Ranked in the World
#106
Equatorial Guinea
See more
add_circle
Debt to GDP Ratio
help
27.1%
Ranked in the World
#149
help
$8,462
Ranked in the World
#76
Eritrea
See more
add_circle
Debt to GDP Ratio
help
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
See more
add_circle
Debt to GDP Ratio
help
18.1%
Ranked in the World
#159
help
$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
See more
add_circle
Debt to GDP Ratio
help
57%
Ranked in the World
#86
help
$944
Ranked in the World
#157
Fiji
See more
add_circle
Debt to GDP Ratio
help
79.8%
Ranked in the World
#46
help
$5,086
Ranked in the World
#95
Finland
See more
add_circle
Debt to GDP Ratio
help
72.4%
Ranked in the World
#60
help
$53,983
Ranked in the World
#14
France
See more
add_circle
Debt to GDP Ratio
help
113%
Ranked in the World
#19
help
$43,519
Ranked in the World
#24
Gabon
See more
add_circle
Debt to GDP Ratio
help
54%
Ranked in the World
#93
help
$8,017
Ranked in the World
#77
Georgia
See more
add_circle
Debt to GDP Ratio
help
57.1%
Ranked in the World
#85
help
$5,042
Ranked in the World
#97
Germany
See more
add_circle
Debt to GDP Ratio
help
69.3%
Ranked in the World
#63
help
$50,802
Ranked in the World
#19
Ghana
See more
add_circle
Debt to GDP Ratio
help
81.8%
Ranked in the World
#41
help
$2,445
Ranked in the World
#130
Greece
See more
add_circle
Debt to GDP Ratio
help
193%
Ranked in the World
#3
help
$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
See more
add_circle
Debt to GDP Ratio
help
29.98%
Ranked in the World
#146
help
$5,026
Ranked in the World
#98
Guinea
See more
add_circle
Debt to GDP Ratio
help
43.3%
Ranked in the World
#118
help
$1,174
Ranked in the World
#152
Guyana
See more
add_circle
Debt to GDP Ratio
help
43.7%
Ranked in the World
#117
help
$9,375
Ranked in the World
#70
Haiti
See more
add_circle
Debt to GDP Ratio
help
23.1%
Ranked in the World
#154
help
$1,815
Ranked in the World
#139
Honduras
See more
add_circle
Debt to GDP Ratio
help
51.46%
Ranked in the World
#101
help
$2,831
Ranked in the World
#124
Hungary
See more
add_circle
Debt to GDP Ratio
help
73.5%
Ranked in the World
#58
help
$18,773
Ranked in the World
#45
Iceland
See more
add_circle
Debt to GDP Ratio
help
75%
Ranked in the World
#53
help
$68,384
Ranked in the World
#8
India
See more
add_circle
Debt to GDP Ratio
help
89.26%
Ranked in the World
#28
help
$2,277
Ranked in the World
#132
Indonesia
See more
add_circle
Debt to GDP Ratio
help
40.9%
Ranked in the World
#125
help
$4,292
Ranked in the World
#108
Iran
See more
add_circle
Debt to GDP Ratio
help
41.5%
Ranked in the World
#123
Iraq
See more
add_circle
Debt to GDP Ratio
help
36.7%
Ranked in the World
#134
help
$5,048
Ranked in the World
#96
Ireland
See more
add_circle
Debt to GDP Ratio
help
56%
Ranked in the World
#89
help
$99,152
Ranked in the World
#3
Israel
See more
add_circle
Debt to GDP Ratio
help
60.9%
Ranked in the World
#77
help
$51,430
Ranked in the World
#18
Italy
See more
add_circle
Debt to GDP Ratio
help
151%
Ranked in the World
#9
help
$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
See more
add_circle
Debt to GDP Ratio
help
51.4%
Ranked in the World
#102
help
$2,579
Ranked in the World
#126
Jamaica
See more
add_circle
Debt to GDP Ratio
help
91.5%
Ranked in the World
#26
help
$4,587
Ranked in the World
#103
Japan
See more
add_circle
Debt to GDP Ratio
help
262%
Ranked in the World
#1
help
$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
See more
add_circle
Debt to GDP Ratio
help
89.4%
Ranked in the World
#27
help
$4,406
Ranked in the World
#107
Kazakhstan
See more
add_circle
Debt to GDP Ratio
help
27.4%
Ranked in the World
#148
help
$10,041
Ranked in the World
#65
Kenya
See more
add_circle
Debt to GDP Ratio
help
68.4%
Ranked in the World
#64
help
$2,007
Ranked in the World
#137
Kosovo
See more
add_circle
Debt to GDP Ratio
help
23.34%
Ranked in the World
#153
Kuwait
See more
add_circle
Debt to GDP Ratio
help
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
See more
add_circle
Debt to GDP Ratio
help
60.3%
Ranked in the World
#79
help
$1,276
Ranked in the World
#149
Laos
See more
add_circle
Debt to GDP Ratio
help
53.81%
Ranked in the World
#94
help
$2,551
Ranked in the World
#127
Latvia
See more
add_circle
Debt to GDP Ratio
help
44.8%
Ranked in the World
#112
help
$20,642
Ranked in the World
#43
Lebanon
See more
add_circle
Debt to GDP Ratio
help
172%
Ranked in the World
#5
help
$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
See more
add_circle
Debt to GDP Ratio
help
54.7%
help
$1,166
Ranked in the World
#153
Liberia
See more
add_circle
Debt to GDP Ratio
help
55%
Ranked in the World
#91
help
$673
Ranked in the World
#168
Libya
See more
add_circle
Debt to GDP Ratio
help
155%
Ranked in the World
#8
help
$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
See more
add_circle
Debt to GDP Ratio
help
44.3%
Ranked in the World
#115
help
$23,433
Ranked in the World
#40
Luxembourg
See more
add_circle
Debt to GDP Ratio
help
24.5%
Ranked in the World
#151
help
$135,683
Ranked in the World
#1
Madagascar
See more
add_circle
Debt to GDP Ratio
help
44.8%
Ranked in the World
#113
help
$515
Ranked in the World
#173
Malawi
See more
add_circle
Debt to GDP Ratio
help
58.8%
Ranked in the World
#84
help
$643
Ranked in the World
#169
Malaysia
See more
add_circle
Debt to GDP Ratio
help
63.3%
Ranked in the World
#70
help
$11,371
Ranked in the World
#63
Maldives
See more
add_circle
Debt to GDP Ratio
help
66.6%
Ranked in the World
#67
help
$8,995
Ranked in the World
#73
Malta
See more
add_circle
Debt to GDP Ratio
help
57%
Ranked in the World
#87
help
$33,257
Ranked in the World
#29
Mauritania
See more
add_circle
Debt to GDP Ratio
help
44.2%
Ranked in the World
#116
help
$1,723
Ranked in the World
#141
Mauritius
See more
add_circle
Debt to GDP Ratio
help
89%
Ranked in the World
#29
help
$8,812
Ranked in the World
#74
Mexico
See more
add_circle
Debt to GDP Ratio
help
49.6%
Ranked in the World
#105
help
$9,926
Ranked in the World
#67
Moldova
See more
add_circle
Debt to GDP Ratio
help
32.1%
Ranked in the World
#142
help
$5,315
Ranked in the World
#94
Mongolia
See more
add_circle
Debt to GDP Ratio
help
56%
Ranked in the World
#90
help
$4,535
Ranked in the World
#104
Montenegro
See more
add_circle
Debt to GDP Ratio
help
83.27%
Ranked in the World
#37
help
$9,367
Ranked in the World
#71
Morocco
See more
add_circle
Debt to GDP Ratio
help
77.9%
Ranked in the World
#49
help
$3,497
Ranked in the World
#118
Mozambique
See more
add_circle
Debt to GDP Ratio
help
101%
Ranked in the World
#23
help
$500
Ranked in the World
#175
Myanmar
See more
add_circle
Debt to GDP Ratio
help
62.5%
Ranked in the World
#74
help
$1,187
Ranked in the World
#151
Namibia
See more
add_circle
Debt to GDP Ratio
help
76%
Ranked in the World
#52
help
$4,729
Ranked in the World
#101
Nepal
See more
add_circle
Debt to GDP Ratio
help
40.5%
Ranked in the World
#126
help
$1,223
Ranked in the World
#150
Netherlands
See more
add_circle
Debt to GDP Ratio
help
52.4%
Ranked in the World
#97
help
$58,061
Ranked in the World
#13
New Zealand
See more
add_circle
Debt to GDP Ratio
help
30.1%
Ranked in the World
#144
help
$48,802
Ranked in the World
#21
Nicaragua
See more
add_circle
Debt to GDP Ratio
help
64.8%
Ranked in the World
#68
help
$2,091
Ranked in the World
#135
Niger
See more
add_circle
Debt to GDP Ratio
help
50.9%
Ranked in the World
#103
help
$595
Ranked in the World
#170
Nigeria
See more
add_circle
Debt to GDP Ratio
help
37%
Ranked in the World
#131
help
$2,085
Ranked in the World
#136
Norway
See more
add_circle
Debt to GDP Ratio
help
43.2%
Ranked in the World
#120
help
$89,203
Ranked in the World
#5
Oman
See more
add_circle
Debt to GDP Ratio
help
67.7%
Ranked in the World
#65
help
$16,439
Ranked in the World
#52
Pakistan
See more
add_circle
Debt to GDP Ratio
help
84%
Ranked in the World
#35
help
$1,538
Ranked in the World
#145
Palestine
See more
add_circle
Debt to GDP Ratio
help
21.3%
Ranked in the World
#156
help
$3,664
Ranked in the World
#116
Panama
See more
add_circle
Debt to GDP Ratio
help
63.66%
Ranked in the World
#69
help
$14,516
Ranked in the World
#56
Papua New Guinea
See more
add_circle
Debt to GDP Ratio
help
51.5%
Ranked in the World
#100
help
$2,916
Ranked in the World
#123
Paraguay
See more
add_circle
Debt to GDP Ratio
help
34.6%
Ranked in the World
#139
help
$5,400
Ranked in the World
#92
People's Republic of China
See more
add_circle
Debt to GDP Ratio
help
76.9%
Ranked in the World
#51
help
$12,556
Ranked in the World
#58
Peru
See more
add_circle
Debt to GDP Ratio
help
36%
Ranked in the World
#138
help
$6,692
Ranked in the World
#87
Philippines
See more
add_circle
Debt to GDP Ratio
help
60.4%
Ranked in the World
#78
help
$3,549
Ranked in the World
#117
Poland
See more
add_circle
Debt to GDP Ratio
help
53.8%
Ranked in the World
#95
help
$17,841
Ranked in the World
#47
Portugal
See more
add_circle
Debt to GDP Ratio
help
127%
Ranked in the World
#12
help
$24,262
Ranked in the World
#37
Qatar
See more
add_circle
Debt to GDP Ratio
help
46.9%
Ranked in the World
#109
help
$61,276
Ranked in the World
#10
Republic of the Congo
See more
add_circle
Debt to GDP Ratio
help
85%
Ranked in the World
#33
help
$2,214
Ranked in the World
#133
Romania
See more
add_circle
Debt to GDP Ratio
help
48.8%
Ranked in the World
#107
help
$14,862
Ranked in the World
#55
Russia
See more
add_circle
Debt to GDP Ratio
help
18.2%
Ranked in the World
#158
help
$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
See more
add_circle
Debt to GDP Ratio
help
66.7%
Ranked in the World
#66
help
$834
Ranked in the World
#163
São Tomé and Príncipe
See more
add_circle
Debt to GDP Ratio
help
88%
Ranked in the World
#30
help
$2,449
Ranked in the World
#129
Saudi Arabia
See more
add_circle
Debt to GDP Ratio
help
30%
Ranked in the World
#145
help
$23,586
Ranked in the World
#39
Senegal
See more
add_circle
Debt to GDP Ratio
help
73%
Ranked in the World
#59
help
$1,606
Ranked in the World
#143
Serbia
See more
add_circle
Debt to GDP Ratio
help
56.5%
Ranked in the World
#88
help
$9,215
Ranked in the World
#72
Seychelles
See more
add_circle
Debt to GDP Ratio
help
74%
Ranked in the World
#57
help
$13,307
Ranked in the World
#57
Sierra Leone
See more
add_circle
Debt to GDP Ratio
help
75%
Ranked in the World
#54
help
$516
Ranked in the World
#172
Singapore
See more
add_circle
Debt to GDP Ratio
help
160%
Ranked in the World
#7
help
$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
See more
add_circle
Debt to GDP Ratio
help
63.1%
Ranked in the World
#71
help
$21,088
Ranked in the World
#42
Slovenia
See more
add_circle
Debt to GDP Ratio
help
74.7%
Ranked in the World
#55
help
$29,201
Ranked in the World
#33
South Africa
See more
add_circle
Debt to GDP Ratio
help
69.9%
Ranked in the World
#62
help
$6,994
Ranked in the World
#84
South Korea
See more
add_circle
Debt to GDP Ratio
help
46.9%
Ranked in the World
#110
help
$34,758
Ranked in the World
#28
Spain
See more
add_circle
Debt to GDP Ratio
help
118%
Ranked in the World
#16
help
$30,116
Ranked in the World
#32
Sri Lanka
See more
add_circle
Debt to GDP Ratio
help
105%
Ranked in the World
#21
help
$3,815
Ranked in the World
#113
Sudan
See more
add_circle
Debt to GDP Ratio
help
182%
Ranked in the World
#4
help
$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
See more
add_circle
Debt to GDP Ratio
help
124%
Ranked in the World
#13
help
$4,836
Ranked in the World
#99
Sweden
See more
add_circle
Debt to GDP Ratio
help
36.7%
Ranked in the World
#135
help
$60,239
Ranked in the World
#11
Switzerland
See more
add_circle
Debt to GDP Ratio
help
41.4%
Ranked in the World
#124
help
$93,457
Ranked in the World
#4
Taiwan
See more
add_circle
Debt to GDP Ratio
help
28.2%
Ranked in the World
#147
Tajikistan
See more
add_circle
Debt to GDP Ratio
help
53.67%
Ranked in the World
#96
help
$897
Ranked in the World
#160
Tanzania
See more
add_circle
Debt to GDP Ratio
help
37.3%
Ranked in the World
#130
help
$1,136
Ranked in the World
#154
Thailand
See more
add_circle
Debt to GDP Ratio
help
59.61%
Ranked in the World
#81
help
$7,233
Ranked in the World
#83
The Bahamas
See more
add_circle
Debt to GDP Ratio
help
95.6%
Ranked in the World
#25
help
$28,239
Ranked in the World
#34
The Gambia
See more
add_circle
Debt to GDP Ratio
help
82.9%
Ranked in the World
#38
help
$836
Ranked in the World
#162
Togo
See more
add_circle
Debt to GDP Ratio
help
61%
Ranked in the World
#76
help
$992
Ranked in the World
#156
Trinidad and Tobago
See more
add_circle
Debt to GDP Ratio
help
83.3%
Ranked in the World
#36
help
$15,243
Ranked in the World
#53
Tunisia
See more
add_circle
Debt to GDP Ratio
help
80%
Ranked in the World
#44
help
$3,924
Ranked in the World
#111
Turkey
See more
add_circle
Debt to GDP Ratio
help
42%
Ranked in the World
#121
help
$9,587
Ranked in the World
#68
Turkmenistan
See more
add_circle
Debt to GDP Ratio
help
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
See more
add_circle
Debt to GDP Ratio
help
51.7%
Ranked in the World
#99
help
$858
Ranked in the World
#161
Ukraine
See more
add_circle
Debt to GDP Ratio
help
48.9%
Ranked in the World
#106
help
$4,836
Ranked in the World
#100
United Arab Emirates
See more
add_circle
Debt to GDP Ratio
help
38.3%
Ranked in the World
#128
United Kingdom
See more
add_circle
Debt to GDP Ratio
help
97.4%
Ranked in the World
#24
help
$47,334
Ranked in the World
#22
United States of America
See more
add_circle
Debt to GDP Ratio
help
129%
Ranked in the World
#11
help
$69,288
Ranked in the World
#7
Uruguay
See more
add_circle
Debt to GDP Ratio
help
71.5%
Ranked in the World
#61
help
$17,021
Ranked in the World
#50
Uzbekistan
See more
add_circle
Debt to GDP Ratio
help
38%
Ranked in the World
#129
help
$1,983
Ranked in the World
#138
Venezuela
See more
add_circle
Debt to GDP Ratio
help
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
See more
add_circle
Debt to GDP Ratio
help
39.6%
Ranked in the World
#127
help
$3,694
Ranked in the World
#115
Yemen
See more
add_circle
Debt to GDP Ratio
help
63.1%
Ranked in the World
#72
help
$691
Ranked in the World
#167
Zambia
See more
add_circle
Debt to GDP Ratio
help
123%
Ranked in the World
#14
help
$1,121
Ranked in the World
#155
Zimbabwe
See more
add_circle
Debt to GDP Ratio
help
77.2%
Ranked in the World
#50
help
$1,737
Ranked in the World
#140
As someone deeply immersed in economic analysis and financial trends, it's evident that the information provided in the article on Country Trackers and Economy Introduction revolves around the critical concept of Debt to GDP Ratio. Let's delve into the key concepts and countries mentioned in this comprehensive piece:
Debt to GDP Ratio:
-
Definition: The Debt to GDP ratio is a financial metric that compares a country's total debt to its Gross Domestic Product (GDP). It serves as an indicator of a nation's ability to repay its debts relative to the size of its economy.
-
Significance: This ratio is crucial for assessing a country's fiscal health and the sustainability of its debt. A high debt to GDP ratio can pose challenges to economic stability and growth, limiting a nation's capacity to invest in essential areas such as infrastructure and social programs.
Countries with Highest Debt to GDP Ratios:
-
Japan (262%): Persistent budget deficits and extensive government borrowing contribute to Japan's highest debt to GDP ratio. This signifies challenges in managing debt amid economic initiatives.
-
Venezuela (241%): Economic and political factors contribute to Venezuela's high ratio, indicating substantial debt burdens affecting the nation's economic stability.
-
Greece (193%): Greece faced a severe debt crisis, leading to multiple bailouts. Economic recession, high unemployment, and austerity measures contribute to its elevated debt levels.
Countries with Lowest Debt to GDP Ratios:
-
Brunei (1.90%): Abundant oil and gas reserves contribute to Brunei's lowest debt to GDP ratio, demonstrating strong fiscal discipline and prudent debt management practices.
-
Cayman Islands (4.50%): The Cayman Islands' status as a global financial hub, with a thriving offshore banking sector, contributes to its remarkably low debt to GDP ratio.
Regional Trends:
-
Asia (e.g., Japan): Some Asian countries, particularly Japan, exhibit high debt to GDP ratios. Persistent budget deficits and economic initiatives contribute to these ratios.
-
Middle East (e.g., Brunei and Kuwait): Countries like Brunei and Kuwait in the Middle East tend to have lower debt to GDP ratios, largely attributed to substantial oil reserves and prudent financial management.
Impact on Economic Stability:
- Challenges: High debt to GDP ratios in certain countries can challenge economic stability and growth prospects, limiting investment in crucial areas like infrastructure and social programs.
Selected Country Analyses:
-
Afghanistan (7.4%): Limited access to international financial markets and aid-dependency contribute to Afghanistan's low debt to GDP ratio.
-
Azerbaijan (18.2%): An oil-rich economy and effective debt management contribute to Azerbaijan's comparatively low debt to GDP ratio.
-
Burundi (17%): Economic constraints and limited borrowing capacity result in Burundi's low debt to GDP ratio.
-
Eritrea (165%): Limited access to international financial markets and economic sanctions contribute to Eritrea's high debt to GDP ratio.
-
Italy (151%): A sluggish economy, a large public sector, and historical excessive spending contribute to Italy's elevated debt to GDP ratio.
-
Japan (262%): Persistent budget deficits and extensive government borrowing contribute to Japan's highest debt to GDP ratio.
-
Lebanon (172%): Increased public spending, economic decline, and political instability contribute to Lebanon's elevated debt to GDP ratio.
-
Brunei (1.90%): Abundant oil and gas reserves contribute to Brunei's lowest debt to GDP ratio, demonstrating strong fiscal discipline.
Conclusion:
The Debt to GDP ratio is a critical metric for evaluating a country's fiscal health and debt sustainability. The information presented underscores the global disparities in debt management, reflecting the economic challenges faced by nations across different regions. The impact of debt on economic stability and growth remains a central theme, emphasizing the need for effective fiscal policies and prudent debt management practices.