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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%
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Countries by Debt to GDP Ratio
Afghanistan
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Debt to GDP Ratio
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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
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Debt to GDP Ratio
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78.1%
Ranked in the World
#48
GDP per capita
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$6,494
Ranked in the World
#88
Algeria
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Debt to GDP Ratio
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62.5%
Ranked in the World
#73
GDP per capita
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$3,765
Ranked in the World
#114
Angola
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Debt to GDP Ratio
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85%
Ranked in the World
#32
GDP per capita
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$2,138
Ranked in the World
#134
Argentina
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Debt to GDP Ratio
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80.5%
Ranked in the World
#42
GDP per capita
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$10,729
Ranked in the World
#64
Armenia
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Debt to GDP Ratio
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60.25%
Ranked in the World
#80
GDP per capita
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$4,670
Ranked in the World
#102
Australia
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Debt to GDP Ratio
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36.1%
Ranked in the World
#137
GDP per capita
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$59,934
Ranked in the World
#12
Austria
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Debt to GDP Ratio
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82.8%
Ranked in the World
#39
GDP per capita
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$53,268
Ranked in the World
#15
Azerbaijan
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Debt to GDP Ratio
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18.2%
Ranked in the World
#157
GDP per capita
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$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
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120%
Ranked in the World
#15
GDP per capita
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$22,232
Ranked in the World
#41
Bangladesh
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Debt to GDP Ratio
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33.9%
Ranked in the World
#140
GDP per capita
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$2,503
Ranked in the World
#128
Belarus
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Debt to GDP Ratio
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33.5%
Ranked in the World
#141
GDP per capita
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$7,304
Ranked in the World
#82
Belgium
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Debt to GDP Ratio
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108%
Ranked in the World
#20
GDP per capita
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$51,768
Ranked in the World
#17
Belize
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Debt to GDP Ratio
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74.5%
Ranked in the World
#56
GDP per capita
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$4,420
Ranked in the World
#105
Benin
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Debt to GDP Ratio
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47.2%
Ranked in the World
#108
GDP per capita
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$1,428
Ranked in the World
#148
Bhutan
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Debt to GDP Ratio
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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
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Debt to GDP Ratio
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82.6%
Ranked in the World
#40
GDP per capita
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$3,415
Ranked in the World
#120
Bosnia and Herzegovina
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Debt to GDP Ratio
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24.8%
Ranked in the World
#150
GDP per capita
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$6,916
Ranked in the World
#85
Botswana
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Debt to GDP Ratio
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24.2%
Ranked in the World
#152
GDP per capita
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$7,348
Ranked in the World
#81
Brazil
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Debt to GDP Ratio
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80.27%
Ranked in the World
#43
GDP per capita
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$7,519
Ranked in the World
#80
Brunei
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Debt to GDP Ratio
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1.9%
Ranked in the World
#166
GDP per capita
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$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
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Debt to GDP Ratio
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22.9%
Ranked in the World
#155
GDP per capita
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$11,635
Ranked in the World
#62
Burkina Faso
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Debt to GDP Ratio
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59.6%
Ranked in the World
#82
GDP per capita
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$918
Ranked in the World
#158
Burundi
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Debt to GDP Ratio
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17%
Ranked in the World
#160
GDP per capita
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$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
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Debt to GDP Ratio
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36.8%
Ranked in the World
#132
GDP per capita
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$1,591
Ranked in the World
#144
Cameroon
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46.8%
Ranked in the World
#111
GDP per capita
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$1,662
Ranked in the World
#142
Canada
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Debt to GDP Ratio
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113%
Ranked in the World
#18
GDP per capita
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$52,051
Ranked in the World
#16
Cayman Islands
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Debt to GDP Ratio
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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
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52.1%
Ranked in the World
#98
GDP per capita
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$511
Ranked in the World
#174
Chad
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44.7%
Ranked in the World
#114
GDP per capita
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$696
Ranked in the World
#166
Chile
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36.3%
Ranked in the World
#136
GDP per capita
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$16,503
Ranked in the World
#51
Colombia
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Debt to GDP Ratio
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61.1%
Ranked in the World
#75
GDP per capita
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$6,131
Ranked in the World
#89
Comoros
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Debt to GDP Ratio
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31.1%
Ranked in the World
#143
GDP per capita
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$1,495
Ranked in the World
#146
Costa Rica
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Debt to GDP Ratio
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78.64%
Ranked in the World
#47
GDP per capita
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$12,509
Ranked in the World
#59
Croatia
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Debt to GDP Ratio
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79.8%
Ranked in the World
#45
GDP per capita
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$17,399
Ranked in the World
#48
Cuba
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Debt to GDP Ratio
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117%
Ranked in the World
#17
Cyprus
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104%
Ranked in the World
#22
GDP per capita
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$30,798
Ranked in the World
#31
Czech Republic
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Debt to GDP Ratio
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41.9%
Ranked in the World
#122
GDP per capita
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$26,378
Ranked in the World
#36
Democratic Republic of the Congo
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14.7%
Ranked in the World
#161
GDP per capita
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$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
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36.7%
Ranked in the World
#133
GDP per capita
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$67,803
Ranked in the World
#9
Djibouti
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Debt to GDP Ratio
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43.2%
Ranked in the World
#119
GDP per capita
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$3,364
Ranked in the World
#121
Dominican Republic
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Debt to GDP Ratio
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50.4%
Ranked in the World
#104
GDP per capita
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$8,604
Ranked in the World
#75
Ecuador
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Debt to GDP Ratio
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59%
Ranked in the World
#83
GDP per capita
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$5,935
Ranked in the World
#91
Egypt
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Debt to GDP Ratio
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87.2%
Ranked in the World
#31
GDP per capita
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$3,876
Ranked in the World
#112
El Salvador
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Debt to GDP Ratio
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84.75%
Ranked in the World
#34
GDP per capita
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$4,409
Ranked in the World
#106
Equatorial Guinea
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Debt to GDP Ratio
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27.1%
Ranked in the World
#149
GDP per capita
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$8,462
Ranked in the World
#76
Eritrea
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Debt to GDP Ratio
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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
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Debt to GDP Ratio
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18.1%
Ranked in the World
#159
GDP per capita
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$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
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Debt to GDP Ratio
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57%
Ranked in the World
#86
GDP per capita
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$944
Ranked in the World
#157
Fiji
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Debt to GDP Ratio
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79.8%
Ranked in the World
#46
GDP per capita
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$5,086
Ranked in the World
#95
Finland
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Debt to GDP Ratio
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72.4%
Ranked in the World
#60
GDP per capita
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$53,983
Ranked in the World
#14
France
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Debt to GDP Ratio
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113%
Ranked in the World
#19
GDP per capita
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$43,519
Ranked in the World
#24
Gabon
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Debt to GDP Ratio
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54%
Ranked in the World
#93
GDP per capita
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$8,017
Ranked in the World
#77
Georgia
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Debt to GDP Ratio
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57.1%
Ranked in the World
#85
GDP per capita
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$5,042
Ranked in the World
#97
Germany
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Debt to GDP Ratio
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69.3%
Ranked in the World
#63
GDP per capita
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$50,802
Ranked in the World
#19
Ghana
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Debt to GDP Ratio
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81.8%
Ranked in the World
#41
GDP per capita
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$2,445
Ranked in the World
#130
Greece
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Debt to GDP Ratio
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193%
Ranked in the World
#3
GDP per capita
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$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
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Debt to GDP Ratio
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29.98%
Ranked in the World
#146
GDP per capita
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$5,026
Ranked in the World
#98
Guinea
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Debt to GDP Ratio
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43.3%
Ranked in the World
#118
GDP per capita
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$1,174
Ranked in the World
#152
Guyana
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Debt to GDP Ratio
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43.7%
Ranked in the World
#117
GDP per capita
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$9,375
Ranked in the World
#70
Haiti
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Debt to GDP Ratio
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23.1%
Ranked in the World
#154
GDP per capita
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$1,815
Ranked in the World
#139
Honduras
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Debt to GDP Ratio
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51.46%
Ranked in the World
#101
GDP per capita
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$2,831
Ranked in the World
#124
Hungary
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Debt to GDP Ratio
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73.5%
Ranked in the World
#58
GDP per capita
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$18,773
Ranked in the World
#45
Iceland
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Debt to GDP Ratio
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75%
Ranked in the World
#53
GDP per capita
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$68,384
Ranked in the World
#8
India
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Debt to GDP Ratio
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89.26%
Ranked in the World
#28
GDP per capita
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$2,277
Ranked in the World
#132
Indonesia
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Debt to GDP Ratio
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40.9%
Ranked in the World
#125
GDP per capita
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$4,292
Ranked in the World
#108
Iran
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41.5%
Ranked in the World
#123
Iraq
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36.7%
Ranked in the World
#134
GDP per capita
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$5,048
Ranked in the World
#96
Ireland
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Debt to GDP Ratio
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56%
Ranked in the World
#89
GDP per capita
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$99,152
Ranked in the World
#3
Israel
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Debt to GDP Ratio
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60.9%
Ranked in the World
#77
GDP per capita
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$51,430
Ranked in the World
#18
Italy
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Debt to GDP Ratio
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151%
Ranked in the World
#9
GDP per capita
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$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
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51.4%
Ranked in the World
#102
GDP per capita
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$2,579
Ranked in the World
#126
Jamaica
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Debt to GDP Ratio
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91.5%
Ranked in the World
#26
GDP per capita
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$4,587
Ranked in the World
#103
Japan
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Debt to GDP Ratio
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262%
Ranked in the World
#1
GDP per capita
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$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
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89.4%
Ranked in the World
#27
GDP per capita
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$4,406
Ranked in the World
#107
Kazakhstan
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Debt to GDP Ratio
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27.4%
Ranked in the World
#148
GDP per capita
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$10,041
Ranked in the World
#65
Kenya
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Debt to GDP Ratio
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68.4%
Ranked in the World
#64
GDP per capita
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$2,007
Ranked in the World
#137
Kosovo
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Debt to GDP Ratio
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23.34%
Ranked in the World
#153
Kuwait
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Debt to GDP Ratio
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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
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60.3%
Ranked in the World
#79
GDP per capita
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$1,276
Ranked in the World
#149
Laos
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Debt to GDP Ratio
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53.81%
Ranked in the World
#94
GDP per capita
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$2,551
Ranked in the World
#127
Latvia
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Debt to GDP Ratio
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44.8%
Ranked in the World
#112
GDP per capita
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$20,642
Ranked in the World
#43
Lebanon
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Debt to GDP Ratio
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172%
Ranked in the World
#5
GDP per capita
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$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
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Debt to GDP Ratio
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54.7%
Ranked in the World
#92
GDP per capita
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$1,166
Ranked in the World
#153
Liberia
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Debt to GDP Ratio
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55%
Ranked in the World
#91
GDP per capita
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$673
Ranked in the World
#168
Libya
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Debt to GDP Ratio
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155%
Ranked in the World
#8
GDP per capita
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$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
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Debt to GDP Ratio
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44.3%
Ranked in the World
#115
GDP per capita
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$23,433
Ranked in the World
#40
Luxembourg
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Debt to GDP Ratio
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24.5%
Ranked in the World
#151
GDP per capita
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$135,683
Ranked in the World
#1
Madagascar
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Debt to GDP Ratio
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44.8%
Ranked in the World
#113
GDP per capita
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$515
Ranked in the World
#173
Malawi
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Debt to GDP Ratio
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58.8%
Ranked in the World
#84
GDP per capita
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$643
Ranked in the World
#169
Malaysia
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Debt to GDP Ratio
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63.3%
Ranked in the World
#70
GDP per capita
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$11,371
Ranked in the World
#63
Maldives
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Debt to GDP Ratio
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66.6%
Ranked in the World
#67
GDP per capita
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$8,995
Ranked in the World
#73
Malta
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Debt to GDP Ratio
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57%
Ranked in the World
#87
GDP per capita
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$33,257
Ranked in the World
#29
Mauritania
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Debt to GDP Ratio
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44.2%
Ranked in the World
#116
GDP per capita
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$1,723
Ranked in the World
#141
Mauritius
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Debt to GDP Ratio
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89%
Ranked in the World
#29
GDP per capita
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$8,812
Ranked in the World
#74
Mexico
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Debt to GDP Ratio
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49.6%
Ranked in the World
#105
GDP per capita
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$9,926
Ranked in the World
#67
Moldova
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Debt to GDP Ratio
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32.1%
Ranked in the World
#142
GDP per capita
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$5,315
Ranked in the World
#94
Mongolia
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Debt to GDP Ratio
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56%
Ranked in the World
#90
GDP per capita
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$4,535
Ranked in the World
#104
Montenegro
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Debt to GDP Ratio
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83.27%
Ranked in the World
#37
GDP per capita
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$9,367
Ranked in the World
#71
Morocco
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Debt to GDP Ratio
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77.9%
Ranked in the World
#49
GDP per capita
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$3,497
Ranked in the World
#118
Mozambique
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Debt to GDP Ratio
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101%
Ranked in the World
#23
GDP per capita
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$500
Ranked in the World
#175
Myanmar
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Debt to GDP Ratio
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62.5%
Ranked in the World
#74
GDP per capita
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$1,187
Ranked in the World
#151
Namibia
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Debt to GDP Ratio
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76%
Ranked in the World
#52
GDP per capita
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$4,729
Ranked in the World
#101
Nepal
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Debt to GDP Ratio
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40.5%
Ranked in the World
#126
GDP per capita
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$1,223
Ranked in the World
#150
Netherlands
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Debt to GDP Ratio
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52.4%
Ranked in the World
#97
GDP per capita
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$58,061
Ranked in the World
#13
New Zealand
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Debt to GDP Ratio
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30.1%
Ranked in the World
#144
GDP per capita
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$48,802
Ranked in the World
#21
Nicaragua
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Debt to GDP Ratio
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64.8%
Ranked in the World
#68
GDP per capita
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$2,091
Ranked in the World
#135
Niger
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50.9%
Ranked in the World
#103
GDP per capita
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$595
Ranked in the World
#170
Nigeria
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Debt to GDP Ratio
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37%
Ranked in the World
#131
GDP per capita
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$2,085
Ranked in the World
#136
Norway
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Debt to GDP Ratio
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43.2%
Ranked in the World
#120
GDP per capita
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$89,203
Ranked in the World
#5
Oman
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Debt to GDP Ratio
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67.7%
Ranked in the World
#65
GDP per capita
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$16,439
Ranked in the World
#52
Pakistan
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Debt to GDP Ratio
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84%
Ranked in the World
#35
GDP per capita
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$1,538
Ranked in the World
#145
Palestine
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Debt to GDP Ratio
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21.3%
Ranked in the World
#156
GDP per capita
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$3,664
Ranked in the World
#116
Panama
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Debt to GDP Ratio
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63.66%
Ranked in the World
#69
GDP per capita
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$14,516
Ranked in the World
#56
Papua New Guinea
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Debt to GDP Ratio
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51.5%
Ranked in the World
#100
GDP per capita
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$2,916
Ranked in the World
#123
Paraguay
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Debt to GDP Ratio
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34.6%
Ranked in the World
#139
GDP per capita
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$5,400
Ranked in the World
#92
People's Republic of China
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Debt to GDP Ratio
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76.9%
Ranked in the World
#51
GDP per capita
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$12,556
Ranked in the World
#58
Peru
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Debt to GDP Ratio
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36%
Ranked in the World
#138
GDP per capita
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$6,692
Ranked in the World
#87
Philippines
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Debt to GDP Ratio
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60.4%
Ranked in the World
#78
GDP per capita
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$3,549
Ranked in the World
#117
Poland
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Debt to GDP Ratio
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53.8%
Ranked in the World
#95
GDP per capita
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$17,841
Ranked in the World
#47
Portugal
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Debt to GDP Ratio
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127%
Ranked in the World
#12
GDP per capita
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$24,262
Ranked in the World
#37
Qatar
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Debt to GDP Ratio
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46.9%
Ranked in the World
#109
GDP per capita
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$61,276
Ranked in the World
#10
Republic of the Congo
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Debt to GDP Ratio
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85%
Ranked in the World
#33
GDP per capita
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$2,214
Ranked in the World
#133
Romania
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Debt to GDP Ratio
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48.8%
Ranked in the World
#107
GDP per capita
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$14,862
Ranked in the World
#55
Russia
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18.2%
Ranked in the World
#158
GDP per capita
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$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
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66.7%
Ranked in the World
#66
GDP per capita
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$834
Ranked in the World
#163
São Tomé and Príncipe
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Debt to GDP Ratio
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88%
Ranked in the World
#30
GDP per capita
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$2,449
Ranked in the World
#129
Saudi Arabia
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Debt to GDP Ratio
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30%
Ranked in the World
#145
GDP per capita
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$23,586
Ranked in the World
#39
Senegal
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Debt to GDP Ratio
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73%
Ranked in the World
#59
GDP per capita
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$1,606
Ranked in the World
#143
Serbia
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Debt to GDP Ratio
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56.5%
Ranked in the World
#88
GDP per capita
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$9,215
Ranked in the World
#72
Seychelles
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Debt to GDP Ratio
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74%
Ranked in the World
#57
GDP per capita
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$13,307
Ranked in the World
#57
Sierra Leone
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Debt to GDP Ratio
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75%
Ranked in the World
#54
GDP per capita
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$516
Ranked in the World
#172
Singapore
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Debt to GDP Ratio
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160%
Ranked in the World
#7
GDP per capita
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$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
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63.1%
Ranked in the World
#71
GDP per capita
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$21,088
Ranked in the World
#42
Slovenia
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Debt to GDP Ratio
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74.7%
Ranked in the World
#55
GDP per capita
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$29,201
Ranked in the World
#33
South Africa
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Debt to GDP Ratio
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69.9%
Ranked in the World
#62
GDP per capita
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$6,994
Ranked in the World
#84
South Korea
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46.9%
Ranked in the World
#110
GDP per capita
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$34,758
Ranked in the World
#28
Spain
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Debt to GDP Ratio
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118%
Ranked in the World
#16
GDP per capita
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$30,116
Ranked in the World
#32
Sri Lanka
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105%
Ranked in the World
#21
GDP per capita
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$3,815
Ranked in the World
#113
Sudan
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Debt to GDP Ratio
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182%
Ranked in the World
#4
GDP per capita
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$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
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Debt to GDP Ratio
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124%
Ranked in the World
#13
GDP per capita
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$4,836
Ranked in the World
#99
Sweden
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36.7%
Ranked in the World
#135
GDP per capita
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$60,239
Ranked in the World
#11
Switzerland
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41.4%
Ranked in the World
#124
GDP per capita
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$93,457
Ranked in the World
#4
Taiwan
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Debt to GDP Ratio
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28.2%
Ranked in the World
#147
Tajikistan
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Debt to GDP Ratio
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53.67%
Ranked in the World
#96
GDP per capita
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$897
Ranked in the World
#160
Tanzania
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Debt to GDP Ratio
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37.3%
Ranked in the World
#130
GDP per capita
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$1,136
Ranked in the World
#154
Thailand
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Debt to GDP Ratio
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59.61%
Ranked in the World
#81
GDP per capita
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$7,233
Ranked in the World
#83
The Bahamas
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Debt to GDP Ratio
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95.6%
Ranked in the World
#25
GDP per capita
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$28,239
Ranked in the World
#34
The Gambia
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Debt to GDP Ratio
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82.9%
Ranked in the World
#38
GDP per capita
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$836
Ranked in the World
#162
Togo
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Debt to GDP Ratio
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61%
Ranked in the World
#76
GDP per capita
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$992
Ranked in the World
#156
Trinidad and Tobago
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Debt to GDP Ratio
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83.3%
Ranked in the World
#36
GDP per capita
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$15,243
Ranked in the World
#53
Tunisia
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Debt to GDP Ratio
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80%
Ranked in the World
#44
GDP per capita
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$3,924
Ranked in the World
#111
Turkey
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Debt to GDP Ratio
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42%
Ranked in the World
#121
GDP per capita
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$9,587
Ranked in the World
#68
Turkmenistan
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Debt to GDP Ratio
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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
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51.7%
Ranked in the World
#99
GDP per capita
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$858
Ranked in the World
#161
Ukraine
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Debt to GDP Ratio
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48.9%
Ranked in the World
#106
GDP per capita
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$4,836
Ranked in the World
#100
United Arab Emirates
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Debt to GDP Ratio
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38.3%
Ranked in the World
#128
United Kingdom
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Debt to GDP Ratio
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97.4%
Ranked in the World
#24
GDP per capita
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$47,334
Ranked in the World
#22
United States of America
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Debt to GDP Ratio
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129%
Ranked in the World
#11
GDP per capita
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$69,288
Ranked in the World
#7
Uruguay
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Debt to GDP Ratio
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71.5%
Ranked in the World
#61
GDP per capita
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$17,021
Ranked in the World
#50
Uzbekistan
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Debt to GDP Ratio
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38%
Ranked in the World
#129
GDP per capita
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$1,983
Ranked in the World
#138
Venezuela
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Debt to GDP Ratio
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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
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39.6%
Ranked in the World
#127
GDP per capita
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$3,694
Ranked in the World
#115
Yemen
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Debt to GDP Ratio
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63.1%
Ranked in the World
#72
GDP per capita
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$691
Ranked in the World
#167
Zambia
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Debt to GDP Ratio
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123%
Ranked in the World
#14
GDP per capita
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$1,121
Ranked in the World
#155
Zimbabwe
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Debt to GDP Ratio
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77.2%
Ranked in the World
#50
GDP per capita
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$1,737
Ranked in the World
#140
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