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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it in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.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		 Revised
Debt to GDP %		 Revised
Debt (Billions $)		 GDP Data Quality Grade
Japan 1 1 239.5 13507.70 A
Greece 2 1 157.1 625.67 A
Singapore 3 2 144.9 913.97 A
Italy 4 2 122.0 3738.66 A
United States 5 1 119.4 26891.50 A
Lebanon 6 1 114.6 105.68 B
Cabo Verde 7 1 108.0 5.11 B
Portugal 8 3 105.9 439.90 A
Canada 9 2 101.5 2067.51 A
France 10 4 99.6 3435.51 A
Spain 11 5 97.7 2137.50 A
Bahrain 12 2 96.1 92.70 B
Sudan 13 2 93.1 314.99 D
Belgium 14 6 91.0 648.85 A
Suriname 15 3 88.1 11.29 D
Libya 16 3 86.8 303.56 D
United Kingdom 17 7 86.4 2938.21 A
Bhutan 18 3 85.8 10.38 D
Cyprus 19 8 81.5 37.93 A
Mauritius 20 4 77.8 23.97 A
Austria 21 9 76.2 400.34 A
Bahamas, The 22 4 76.1 13.24 B
Jordan 23 3 73.8 93.86 B
Zambia 24 5 72.1 74.82 C
Mozambique 25 6 70.4 41.78 C
Sri Lanka 26 4 69.9 293.61 C
Brazil 27 5 69.8 2908.38 B
Laos 28 5 66.4 54.20 D
Iceland 29 10 65.5 14.94 A
Jamaica 30 6 64.6 24.98 D
Tunisia 31 7 62.7 102.24 C
Germany 32 11 62.6 3061.11 A
Hungary 33 12 62.3 249.48 B
Croatia 34 13 61.6 96.54 A
Egypt 35 8 60.8 1128.00 C
Mongolia 36 6 60.7 31.13 B
Slovenia 37 14 60.1 62.67 A
China 38 7 58.7 17780.24 B
Argentina 39 7 58.1 796.46 C
Finland 40 15 57.8 178.40 A
El Salvador 41 8 56.5 47.05 C
Israel 42 4 56.3 264.90 A
Albania 43 16 56.0 30.02 B
Slovak Republic 44 17 55.0 108.33 B
Costa Rica 45 9 53.9 74.44 A
Algeria 46 9 53.7 308.67 B
Australia 47 8 53.1 764.42 A
Ghana 48 10 53.0 144.74 B
Pakistan 49 9 52.3 796.46 B
Morocco 50 11 52.3 193.44 B
Gambia 51 12 51.3 4.62 D
India 52 10 50.3 7805.65 C
Ireland 53 18 49.2 283.91 A
Malaysia 54 11 48.6 609.09 B
Colombia 55 10 48.5 489.09 B
Congo, Rep. 56 13 48.3 19.60 D
South Africa 57 14 48.2 543.89 B
Namibia 58 15 47.7 16.28 C
Netherlands 59 19 47.5 520.06 A
Senegal 60 16 47.4 43.18 C
Dominican Republic 61 11 47.1 130.61 B
Yemen, Rep. 62 5 47.0 27.60 D
Angola 63 17 46.6 174.48 D
Oman 64 6 46.2 96.75 B
New Zealand 65 12 46.2 116.79 A
Sierra Leone 66 18 45.8 10.70 D
Bolivia 67 12 45.6 78.22 D
Uruguay 68 13 45.6 51.05 C
Qatar 69 7 45.4 145.55 B
Guinea-Bissau 70 19 45.2 2.96 D
Rwanda 71 20 45.0 19.96 B
Malta 72 20 44.2 12.72 A
Poland 73 21 44.0 698.65 A
Trinidad and Tobago 74 14 43.9 19.90 C
Armenia 75 22 43.3 23.80 B
Mexico 76 15 42.7 1388.43 B
Ecuador 77 16 42.3 118.11 C
Kenya 78 21 42.0 169.67 C
Korea, Rep. 79 13 41.8 1170.70 A
Romania 80 23 41.5 302.41 A
Kyrgyzstan 81 14 41.5 19.67 C
Serbia 82 24 41.3 78.37 B
Philippines 83 15 41.1 524.26 B
Malawi 84 22 40.7 18.85 C
North Macedonia 85 25 39.9 18.27 B
Thailand 86 16 39.9 714.98 C
Switzerland 87 26 39.2 259.57 A
Panama 88 17 38.5 73.75 C
Burundi 89 23 38.1 5.93 D
Myanmar 90 17 37.7 135.29 D
Norway 91 27 37.5 154.09 A
Lithuania 92 28 36.8 48.70 B
Czech Republic 93 29 36.7 178.70 A
Latvia 94 30 36.6 27.37 B
Zimbabwe 95 24 36.0 35.44 D
Ethiopia 96 25 35.8 148.54 D
Togo 97 26 35.4 11.68 D
Lesotho 98 27 35.1 2.71 C
Papua New Guinea 99 18 34.7 18.82 D
Georgia 100 31 33.9 28.44 B
Cote d'Ivoire 101 28 33.7 75.94 C
Benin 102 29 33.5 21.41 C
Ukraine 103 32 33.0 254.17 B
Gabon 104 30 33.0 21.19 D
Sweden 105 33 32.4 203.56 A
Chad 106 31 32.4 13.83 D
Nicaragua 107 18 32.4 19.06 C
Tajikistan 108 19 32.4 16.92 C
Uganda 109 32 32.2 54.12 C
Turkey 110 8 31.9 1112.44 B
Denmark 111 34 31.8 124.22 A
Honduras 112 19 31.3 28.79 D
Madagascar 113 33 31.3 22.31 D
Guyana 114 20 30.7 7.55 D
Chile 115 21 30.4 180.66 A
Mauritania 116 34 30.0 12.63 D
Belarus 117 35 29.9 75.81 B
Niger 118 35 29.7 15.35 D
Indonesia 119 20 29.6 1337.75 B
Vietnam 120 21 29.0 325.29 C
United Arab Emirates 121 9 28.8 222.09 A
Burkina Faso 122 36 28.2 25.28 D
Uzbekistan 123 22 28.1 96.37 C
Mali 124 37 27.9 24.10 D
Nepal 125 23 27.8 52.03 D
Liberia 126 38 27.6 3.91 D
Eswatini 127 39 27.3 4.53 D
Cameroon 128 40 27.0 45.79 D
Bosnia and Herzegovina 129 36 26.6 17.81 C
Central African Republic 130 41 26.1 2.17 D
Bangladesh 131 24 25.8 299.35 C
Guinea 132 42 25.7 15.52 D
Paraguay 133 22 24.9 34.71 C
Peru 134 23 23.9 152.83 C
Moldova 135 37 23.5 12.16 B
Tanzania 136 43 22.6 65.29 C
Luxembourg 137 38 22.1 18.41 A
Saudi Arabia 138 10 21.5 477.29 B
Cambodia 139 25 21.1 26.04 D
Guatemala 140 24 20.7 47.00 C
Taiwan 141 26 20.7 351.80 C
Nigeria 142 44 19.9 384.86 D
Azerbaijan 143 27 19.3 38.65 C
Kazakhstan 144 28 19.0 123.98 C
Comoros 145 45 19.0 0.69 C
Bulgaria 146 39 18.6 38.38 B
Estonia 147 40 14.4 8.96 B
Haiti 148 25 13.5 7.97 D
Russia 149 41 12.5 692.53 C
Botswana 150 46 12.0 7.57 D
Congo, Dem. Rep 151 47 8.6 16.46 D
Turkmenistan 152 29 6.7 11.94 D
Kuwait 153 11 6.4 16.96 C
Afghanistan 154 30 3.7 5.86 D
Hong Kong 155 31 1.8 9.15 A
Brunei Darussalam 156 32 1.7 0.67 D


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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Data Quality Grade definitions:
         A: As good as it gets;
         B: Use with caution;
         C: Unreliable for many purposes
         D: Extremely poor quality.





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