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it in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.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 1 232.2% 14316.95 E
Lebanon 2 215.2% 178.24 E
Singapore 3 147.1% 1183.97 E
Sudan 4 139.8% 433.67 E
Greece 5 124.9% 586.53 E
United States 6 115.0% 29310.17 E
Italy 7 112.3% 4269.03 E
France 8 98.6% 4174.27 E
Libya 9 97.3% 156.07 E
United Kingdom 10 94.8% 3864.71 E
Canada 11 94.1% 2306.73 E
Bahrain 12 92.1% 105.35 E
Belgium 13 88.3% 781.23 E
Spain 14 87.5% 2332.80 E
Sri Lanka 15 80.7% 339.54 E
Laos 16 80.3% 71.53 E
Portugal 17 78.6% 408.33 E
Jordan 18 71.7% 95.19 E
China 19 71.0% 26304.07 E
Bhutan 20 70.8% 12.15 E
Finland 21 69.7% 260.35 E
Austria 22 69.3% 449.79 E
Mauritius 23 67.1% 25.56 E
Ukraine 24 65.2% 543.70 E
Brazil 25 65.0% 3341.64 E
Egypt 26 63.5% 1783.80 E
Suriname 27 63.4% 10.19 E
Mozambique 28 62.1% 46.78 E
Bahamas, The 29 60.9% 11.57 E
Hungary 30 60.5% 293.70 E
Tunisia 31 60.2% 119.86 E
Argentina 32 60.1% 1082.94 D
Zambia 33 57.9% 71.35 D
El Salvador 34 57.3% 59.48 D
Germany 35 57.3% 3345.12 D
Israel 36 55.7% 312.70 D
Cyprus 37 55.5% 32.49 D
Slovenia 38 54.4% 67.81 D
Yemen, Rep. 39 53.8% 32.73 D
Morocco 40 53.4% 230.23 D
India 41 52.9% 10067.37 D
Ghana 42 52.3% 185.31 D
Congo, Rep. 43 51.6% 35.45 D
Malawi 44 51.6% 26.05 D
Slovak Republic 45 51.6% 124.26 D
Iceland 46 51.5% 14.49 D
Zimbabwe 47 51.5% 55.17 D
South Africa 48 50.9% 647.17 D
Guinea-Bissau 49 49.4% 3.54 D
Pakistan 50 49.1% 968.24 D
Kenya 51 48.8% 217.97 D
Bolivia 52 48.6% 101.35 D
Malaysia 53 48.4% 744.03 D
Rwanda 54 48.0% 27.76 D
Costa Rica 55 47.8% 77.54 D
Jamaica 56 46.8% 19.37 D
Togo 57 46.6% 16.78 D
Korea, Rep. 58 46.1% 1463.18 D
Croatia 59 45.9% 91.17 D
Namibia 60 45.5% 19.40 D
Senegal 61 45.5% 54.47 D
Uruguay 62 45.2% 65.78 D
Australia 63 45.1% 763.66 C
Poland 64 45.0% 888.87 C
Dominican Republic 65 44.4% 152.43 C
Thailand 66 44.0% 959.62 C
Albania 67 43.8% 27.90 C
Netherlands 68 43.4% 592.51 C
New Zealand 69 43.0% 120.92 C
Romania 70 42.8% 403.40 C
Malta 71 41.9% 15.93 C
Burkina Faso 72 41.5% 35.14 C
North Macedonia 73 40.9% 22.93 C
Colombia 74 40.8% 531.80 C
Mexico 75 40.7% 1545.92 C
Burundi 76 40.4% 8.03 C
Lesotho 77 40.1% 3.58 C
Philippines 78 40.1% 616.84 C
Algeria 79 39.5% 273.02 C
Czechia 80 39.4% 235.09 C
Sierra Leone 81 39.0% 9.86 C
Gambia 82 38.2% 4.79 C
Armenia 83 38.1% 28.66 C
Mongolia 84 37.7% 25.27 C
Ecuador 85 37.3% 135.22 C
Angola 86 37.0% 185.61 C
Ireland 87 36.6% 260.84 C
Myanmar 88 36.6% 168.23 C
Cote d'Ivoire 89 36.0% 109.15 C
Kyrgyzstan 90 36.0% 19.80 C
Benin 91 35.8% 26.48 C
Gabon 92 35.7% 34.44 C
Panama 93 35.7% 81.68 B
Liberia 94 35.4% 4.80 B
Belarus 95 35.2% 119.09 B
Papua New Guinea 96 34.8% 21.97 B
Latvia 97 34.5% 30.96 B
Serbia 98 34.3% 77.86 B
Switzerland 99 34.2% 268.09 B
Chile 100 33.9% 235.91 B
Uganda 101 32.9% 64.30 B
Norway 102 32.8% 184.56 B
Madagascar 103 32.1% 27.72 B
Mauritania 104 31.7% 14.33 B
Sweden 105 31.7% 244.64 B
Niger 106 31.4% 21.50 B
Qatar 107 30.0% 113.79 B
Central African Republic 108 29.7% 3.23 B
Lithuania 109 29.7% 48.20 B
Bangladesh 110 29.4% 556.07 B
Mali 111 28.9% 30.11 B
Tanzania 112 28.5% 102.52 B
Uzbekistan 113 28.3% 108.86 B
Paraguay 114 28.2% 44.44 B
Oman 115 27.8% 65.14 B
Indonesia 116 27.7% 1467.62 B
Honduras 117 27.5% 30.00 B
Cameroon 118 26.7% 52.45 B
Georgia 119 26.5% 30.03 B
Moldova 120 26.5% 14.48 B
Comoros 121 26.0% 1.02 B
Nepal 122 25.6% 60.97 B
Nicaragua 123 25.6% 19.15 B
Luxembourg 124 25.4% 25.01 A
Denmark 125 25.3% 122.69 A
United Arab Emirates 126 25.1% 211.76 A
Nigeria 127 24.6% 578.00 A
Vietnam 128 23.9% 433.52 A
Türkiye 129 23.5% 870.44 A
Guyana 130 22.7% 15.83 A
Tajikistan 131 22.4% 13.27 A
Bosnia and Herzegovina 132 22.3% 18.62 A
Eswatini 133 21.9% 4.55 A
Peru 134 21.5% 169.72 A
Guinea 135 20.6% 18.58 A
Ethiopia 136 19.9% 101.62 A
Saudi Arabia 137 19.3% 516.68 A
Estonia 138 18.8% 13.64 A
Guatemala 139 18.5% 59.47 A
Taiwan 140 18.4% 285.37 A
Bulgaria 141 18.3% 49.30 A
Kazakhstan 142 18.3% 162.41 A
Chad 143 18.2% 10.04 A
Cambodia 144 15.0% 21.51 A
Russia 145 15.0% 1160.13 A
Azerbaijan 146 13.3% 38.97 A
Botswana 147 12.5% 8.21 A
Haiti 148 9.1% 5.23 A
Hong Kong 149 7.9% 42.40 A
Congo, Dem. Rep 150 5.8% 15.90 A
Kuwait 151 5.1% 16.00 A
Afghanistan 152 3.6% 6.18 A
Turkmenistan 153 3.5% 4.47 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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