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it in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.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 Rank
Order
Debt
% of GDP
Debt
Billions, Int$
World Economics
Debt Grade
A-E
Japan 1 232.8% 13296.92 E
Lebanon 2 215.2% 194.61 E
Singapore 3 152.0% 1022.57 E
Greece 4 132.2% 555.40 E
Sudan 5 127.6% 428.26 E
Italy 6 115.9% 3751.85 E
United States 7 115.0% 26552.15 E
Libya 8 97.3% 209.05 E
France 9 97.2% 3433.14 E
Canada 10 95.6% 2028.68 E
United Kingdom 11 94.6% 3319.39 E
Portugal 12 90.0% 403.62 E
Belgium 13 88.9% 660.15 E
Bahrain 14 88.5% 92.45 E
Spain 15 88.3% 2061.14 E
Laos 16 84.6% 72.85 E
Sri Lanka 17 80.7% 312.56 E
Bhutan 18 78.4% 11.60 E
Suriname 19 77.1% 9.95 E
Jordan 20 73.6% 100.50 E
Austria 21 68.7% 377.50 E
China 22 66.5% 21298.93 E
Mauritius 23 66.1% 22.98 E
Brazil 24 66.0% 2862.76 E
Finland 25 64.2% 202.13 E
Argentina 26 62.5% 930.19 E
Cyprus 27 61.7% 32.27 E
Egypt 28 61.1% 1315.72 E
Ukraine 29 61.1% 334.76 E
Bahamas, The 30 61.0% 11.96 E
Tunisia 31 59.6% 101.67 E
Germany 32 59.2% 2978.34 D
Zambia 33 57.9% 66.33 D
Mozambique 34 57.5% 36.97 D
Hungary 35 55.6% 234.08 D
Slovenia 36 55.2% 59.31 D
Mongolia 37 55.0% 28.70 D
Malawi 38 54.1% 23.51 D
Iceland 39 53.7% 12.99 D
Congo, Rep. 40 53.3% 21.42 D
Ghana 41 53.1% 155.70 D
Morocco 42 52.9% 214.34 D
Pakistan 43 52.4% 971.42 D
India 44 52.2% 8254.88 D
Senegal 45 50.8% 49.97 D
Jamaica 46 50.1% 20.67 D
Zimbabwe 47 49.9% 34.36 D
Sierra Leone 48 49.8% 12.50 D
Costa Rica 49 49.7% 72.04 D
South Africa 50 49.7% 594.48 D
El Salvador 51 49.5% 43.45 D
Slovak Republic 52 49.3% 102.10 D
Croatia 53 49.2% 84.44 D
Malaysia 54 48.7% 644.26 D
Israel 55 48.1% 246.94 D
Guinea-Bissau 56 47.7% 2.89 D
Albania 57 47.5% 27.09 D
Australia 58 47.2% 689.41 D
Namibia 59 47.0% 16.95 D
Algeria 60 46.9% 277.02 D
Kenya 61 46.9% 185.02 D
Togo 62 45.9% 13.10 D
Bolivia 63 45.4% 81.50 C
Netherlands 64 45.0% 519.37 C
Uruguay 65 45.0% 51.50 C
Angola 66 44.6% 178.23 C
Dominican Republic 67 44.6% 129.78 C
Korea, Rep. 68 44.1% 1275.13 C
Yemen, Rep. 69 43.9% 26.70 C
Rwanda 70 43.4% 20.62 C
Gambia 71 43.0% 4.14 C
Malta 72 42.3% 13.97 C
Thailand 73 41.9% 770.44 C
New Zealand 74 41.8% 106.53 C
Colombia 75 41.2% 445.33 C
Romania 76 41.2% 315.81 C
Poland 77 40.7% 692.36 C
Philippines 78 40.6% 571.43 C
Burundi 79 40.5% 6.65 C
Burkina Faso 80 40.1% 29.93 C
Lesotho 81 38.9% 3.16 C
Mexico 82 38.6% 1359.56 C
North Macedonia 83 38.6% 18.16 C
Ireland 84 38.0% 246.19 C
Ecuador 85 37.3% 108.43 C
Switzerland 86 36.7% 250.30 C
Myanmar 87 36.1% 132.62 C
Kyrgyzstan 88 35.9% 16.64 C
Serbia 89 35.8% 71.45 C
Benin 90 35.5% 24.30 C
Cote d'Ivoire 91 35.5% 88.55 C
Panama 92 34.8% 77.47 B
Armenia 93 34.4% 21.41 B
Qatar 94 33.3% 107.59 B
Papua New Guinea 95 33.0% 18.83 B
Liberia 96 32.8% 4.05 B
Latvia 97 32.4% 25.14 B
Mauritania 98 32.3% 12.49 B
Norway 99 32.3% 137.71 B
Chile 100 32.1% 194.64 B
Belarus 101 32.0% 77.75 B
Uganda 102 31.9% 51.99 B
Gabon 103 31.7% 21.60 B
Niger 104 31.2% 16.25 B
Madagascar 105 30.9% 24.05 B
Oman 106 30.0% 61.81 B
Lithuania 107 29.6% 40.79 B
Cameroon 108 28.6% 43.66 B
Honduras 109 28.6% 27.61 B
Sweden 110 28.4% 187.15 B
Bangladesh 111 28.0% 422.81 B
Nepal 112 27.8% 57.01 B
Uzbekistan 113 27.6% 101.14 B
Indonesia 114 27.5% 1336.02 B
Nicaragua 115 27.2% 16.82 B
Mali 116 27.1% 24.92 B
Georgia 117 27.0% 25.08 B
Central African Republic 118 26.7% 2.30 B
Paraguay 119 26.7% 37.46 B
Tanzania 120 26.4% 70.96 B
Denmark 121 26.2% 106.84 B
Türkiye 122 26.2% 970.06 B
Luxembourg 123 25.1% 21.23 A
Eswatini 124 24.9% 4.60 A
Moldova 125 24.9% 11.86 A
Ethiopia 126 24.8% 111.43 A
Tajikistan 127 24.4% 13.79 A
United Arab Emirates 128 24.4% 207.89 A
Chad 129 24.3% 10.83 A
Comoros 130 24.3% 0.90 A
Vietnam 131 24.2% 379.36 A
Peru 132 22.1% 147.11 A
Guyana 133 21.8% 8.61 A
Taiwan 134 21.8% 337.89 A
Bosnia and Herzegovina 135 21.5% 15.49 A
Nigeria 136 20.5% 421.18 A
Cambodia 137 20.1% 26.81 A
Guatemala 138 19.0% 44.96 A
Guinea 139 18.6% 11.84 A
Kazakhstan 140 17.7% 119.69 A
Estonia 141 17.6% 10.97 A
Saudi Arabia 142 16.9% 439.75 A
Bulgaria 143 16.4% 36.58 A
Russia 144 15.4% 857.13 A
Azerbaijan 145 13.3% 27.91 A
Botswana 146 13.0% 7.62 A
Haiti 147 12.0% 6.38 A
Congo, Dem. Rep 148 6.9% 14.84 A
Hong Kong 149 5.4% 26.38 A
Turkmenistan 150 3.8% 4.85 A
Afghanistan 151 3.6% 4.38 A
Kuwait 152 2.4% 7.08 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