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Economies by Debt Levels

The debt-to-GDP ratio is the ratio between a country's government debt and its gross domestic product (GDP).

World Economics has upgraded each country's GDP presenting it in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. Using the World Economics GDP Database it is possible to see more realistic debt levels for each country.






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Country Global
Rank		 Region
Rank		 Debt
% of GDP		 Debt
Billions, Int$		 World Economics
Debt Grade
A-E
Japan 1 1 240.7% 13765.44 E
Greece 2 1 139.9% 586.13 E
Singapore 3 2 127.8% 830.46 E
Italy 4 2 119.0% 3788.94 E
Cabo Verde 5 1 117.3% 5.77 E
Lebanon 6 1 114.6% 99.97 E
United States 7 1 113.8% 26142.86 E
France 8 3 98.9% 3500.06 E
Libya 9 2 98.8% 186.86 E
Suriname 10 2 97.2% 12.19 E
Sudan 11 3 95.8% 327.12 E
Portugal 12 4 95.3% 420.56 E
Spain 13 5 93.6% 2154.28 E
Sri Lanka 14 3 92.2% 339.26 E
Canada 15 3 91.9% 1937.48 E
Bahrain 16 2 88.4% 89.14 E
Belgium 17 6 87.2% 636.70 E
Bhutan 18 4 84.0% 10.67 E
United Kingdom 19 7 78.8% 2789.62 E
Mauritius 20 4 75.5% 24.69 E
Laos 21 5 75.3% 63.49 E
Cyprus 22 8 73.7% 35.50 E
Jordan 23 3 72.2% 95.16 E
Austria 24 9 72.2% 397.14 E
Zambia 25 5 71.1% 77.04 E
Tunisia 26 6 68.0% 113.32 E
Mongolia 27 6 67.2% 33.71 E
Mozambique 28 7 66.7% 41.72 E
Brazil 29 4 66.2% 2843.89 E
Bahamas, The 30 5 66.1% 12.55 E
Germany 31 10 63.9% 3184.05 E
China 32 7 62.4% 19707.87 E
Hungary 33 11 60.7% 256.92 D
Jamaica 34 6 60.1% 24.01 D
Iceland 35 12 59.9% 14.35 D
Egypt 36 8 59.8% 1202.01 D
Finland 37 13 58.2% 183.48 D
Ghana 38 9 57.7% 165.76 D
Slovenia 39 14 56.2% 61.95 D
Croatia 40 15 56.1% 93.11 D
El Salvador 41 7 54.8% 47.07 D
Argentina 42 8 54.3% 778.31 D
Guinea-Bissau 43 10 53.9% 3.21 D
Pakistan 44 8 53.8% 998.63 D
Costa Rica 45 9 53.4% 76.56 D
Algeria 46 11 53.4% 321.26 D
Albania 47 16 53.3% 29.72 D
Slovak Republic 48 17 52.7% 105.67 D
India 49 9 52.3% 8264.02 D
Australia 50 10 51.6% 769.56 D
Morocco 51 12 51.5% 215.03 D
New Zealand 52 11 51.4% 132.97 D
Malawi 53 13 51.4% 21.82 D
Malaysia 54 12 51.2% 655.70 D
Israel 55 4 50.9% 254.17 D
Namibia 56 14 50.7% 16.70 D
Senegal 57 15 49.3% 47.77 D
Zimbabwe 58 16 49.2% 32.25 D
Gambia 59 17 48.6% 4.66 D
Rwanda 60 18 47.5% 21.61 D
Kenya 61 19 47.2% 182.96 D
South Africa 62 20 46.7% 549.73 D
Bolivia 63 10 46.6% 83.30 D
Sierra Leone 64 21 46.5% 11.28 C
Kyrgyzstan 65 13 46.2% 20.19 C
Colombia 66 11 45.9% 497.86 C
Togo 67 22 45.9% 12.77 C
Congo, Rep. 68 23 45.3% 16.18 C
Uruguay 69 12 45.1% 50.55 C
Malta 70 18 44.6% 13.64 C
Korea, Rep. 71 14 44.1% 1267.23 C
Netherlands 72 19 43.9% 500.83 C
Dominican Republic 73 13 43.6% 127.25 C
Philippines 74 15 42.3% 583.59 C
Thailand 75 16 42.0% 776.69 C
Mexico 76 14 41.9% 1411.95 C
Ireland 77 20 41.9% 263.55 C
North Macedonia 78 21 40.3% 18.95 C
Romania 79 22 40.1% 306.23 C
Ecuador 80 15 39.9% 115.14 C
Poland 81 23 39.8% 666.08 C
Burkina Faso 82 24 39.7% 29.74 C
Myanmar 83 17 39.6% 138.34 C
Trinidad and Tobago 84 16 39.5% 18.72 C
Serbia 85 24 38.4% 76.23 C
Qatar 86 5 38.3% 120.98 C
Armenia 87 25 37.6% 22.11 C
Switzerland 88 26 37.5% 253.79 C
Burundi 89 25 37.5% 6.11 C
Niger 90 26 37.3% 18.29 C
Benin 91 27 36.8% 24.86 C
Latvia 92 27 36.8% 28.22 C
Panama 93 17 36.7% 75.59 C
Czech Republic 94 28 36.2% 179.56 C
Oman 95 6 36.1% 72.82 B
Yemen, Rep. 96 7 36.0% 21.78 B
Cote d'Ivoire 97 28 35.6% 85.94 B
Uganda 98 29 35.1% 57.00 B
Liberia 99 30 35.1% 4.19 B
Norway 100 29 34.9% 148.64 B
Lithuania 101 30 34.7% 46.74 B
Mauritania 102 31 33.7% 12.90 B
Papua New Guinea 103 18 33.7% 19.17 B
Ukraine 104 31 33.0% 165.34 B
Lesotho 105 32 32.7% 2.62 B
Cameroon 106 33 32.4% 48.92 B
Madagascar 107 34 31.2% 23.51 B
Honduras 108 18 31.1% 29.70 B
Ethiopia 109 35 30.9% 135.29 B
Nicaragua 110 19 30.8% 18.84 B
Chile 111 20 30.3% 183.71 B
Angola 112 36 30.1% 117.43 B
Mali 113 37 29.7% 26.65 B
Sweden 114 32 29.5% 190.16 B
Nepal 115 19 29.5% 58.07 B
Indonesia 116 20 29.1% 1399.78 B
Vietnam 117 21 29.0% 445.20 B
Tajikistan 118 22 28.7% 15.81 B
Turkey 119 8 28.6% 1052.21 B
Central African Republic 120 38 28.2% 2.42 B
Denmark 121 33 27.5% 110.22 B
Eswatini 122 39 27.4% 4.72 B
Georgia 123 34 27.2% 24.87 B
Bangladesh 124 23 26.9% 402.08 B
Uzbekistan 125 24 26.8% 96.69 B
Gabon 126 40 26.7% 17.82 A
Paraguay 127 21 25.8% 36.21 A
Moldova 128 35 25.6% 13.24 A
Chad 129 41 25.5% 11.41 A
United Arab Emirates 130 9 25.5% 206.57 A
Belarus 131 36 25.4% 59.88 A
Comoros 132 42 25.3% 0.95 A
Tanzania 133 43 24.9% 66.16 A
Bosnia and Herzegovina 134 37 23.9% 16.40 A
Guinea 135 44 23.3% 14.93 A
Luxembourg 136 38 23.1% 19.56 A
Peru 137 22 22.8% 150.43 A
Cambodia 138 25 21.1% 27.61 A
Guatemala 139 23 20.3% 47.66 A
Nigeria 140 45 20.0% 403.59 A
Taiwan 141 26 19.7% 308.15 A
Bulgaria 142 39 17.9% 38.40 A
Kazakhstan 143 27 17.6% 117.71 A
Saudi Arabia 144 10 17.6% 429.28 A
Guyana 145 24 16.8% 6.35 A
Botswana 146 46 15.1% 8.60 A
Azerbaijan 147 28 15.1% 31.35 A
Estonia 148 40 14.9% 9.37 A
Haiti 149 25 14.2% 7.50 A
Russia 150 41 11.9% 644.78 A
Congo, Dem. Rep 151 47 7.7% 15.84 A
Turkmenistan 152 29 6.3% 9.20 A
Kuwait 153 11 5.2% 15.14 A
Afghanistan 154 30 3.7% 4.44 A
Hong Kong 155 31 2.9% 14.61 A
Brunei Darussalam 156 32 1.3% 0.53 A


See: Data for individual countries and underlying data click on the country name Notes: Debt value expressed in current dollar terms.
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Debt grade definitions:
         A: Very low debt
         B: Low debt
         C: Moderate debt
         D: High debt
         E: Very high debt






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