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it in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.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% 13262.65 E
Lebanon 2 215.2% 194.61 E
Singapore 3 147.1% 989.61 E
Sudan 4 139.8% 469.21 E
Greece 5 124.9% 524.73 E
United States 6 115.0% 26552.15 E
Italy 7 112.3% 3635.31 E
France 8 98.6% 3482.59 E
Libya 9 97.3% 209.05 E
United Kingdom 10 94.8% 3326.40 E
Canada 11 94.1% 1996.85 E
Bahrain 12 92.1% 96.21 E
Belgium 13 88.3% 655.70 E
Spain 14 87.5% 2042.46 E
Sri Lanka 15 80.7% 312.56 E
Laos 16 80.3% 69.15 E
Portugal 17 78.6% 352.49 E
Jordan 18 71.7% 97.90 E
China 19 71.0% 22740.21 E
Bhutan 20 70.8% 10.48 E
Finland 21 69.7% 219.44 E
Austria 22 69.3% 380.80 E
Mauritius 23 67.1% 23.33 E
Ukraine 24 65.2% 357.22 E
Brazil 25 65.0% 2819.38 E
Egypt 26 63.5% 1367.40 E
Suriname 27 63.4% 8.18 E
Mozambique 28 62.1% 39.93 E
Bahamas, The 29 60.9% 11.94 E
Hungary 30 60.5% 254.71 E
Tunisia 31 60.2% 102.70 E
Argentina 32 60.1% 894.47 D
Zambia 33 57.9% 66.33 D
El Salvador 34 57.3% 50.30 D
Germany 35 57.3% 2882.75 D
Israel 36 55.7% 285.96 D
Cyprus 37 55.5% 29.03 D
Slovenia 38 54.4% 58.45 D
Yemen, Rep. 39 53.8% 32.72 D
Morocco 40 53.4% 216.37 D
India 41 52.6% 8318.13 D
Ghana 42 52.3% 153.35 D
Congo, Rep. 43 51.6% 20.74 D
Malawi 44 51.6% 22.43 D
Slovak Republic 45 51.6% 106.86 D
Iceland 46 51.5% 12.45 D
Zimbabwe 47 51.5% 35.47 D
South Africa 48 50.9% 608.83 D
Guinea-Bissau 49 49.4% 2.99 D
Pakistan 50 49.1% 910.24 D
Kenya 51 48.8% 192.52 D
Bolivia 52 48.6% 87.24 D
Malaysia 53 48.4% 640.29 D
Rwanda 54 48.0% 22.80 D
Costa Rica 55 47.8% 69.28 D
Jamaica 56 46.8% 19.31 D
Togo 57 46.6% 13.30 D
Korea, Rep. 58 46.1% 1332.96 D
Croatia 59 45.9% 78.78 D
Namibia 60 45.5% 16.41 D
Senegal 61 45.5% 44.76 D
Uruguay 62 45.2% 51.73 D
Australia 63 45.1% 658.74 C
Poland 64 45.0% 765.51 C
Dominican Republic 65 44.4% 129.20 C
Thailand 66 44.0% 809.06 C
Albania 67 43.8% 24.98 C
Netherlands 68 43.4% 500.90 C
New Zealand 69 43.0% 109.59 C
Romania 70 42.8% 328.07 C
Malta 71 41.9% 13.84 C
Burkina Faso 72 41.5% 30.98 C
North Macedonia 73 40.9% 19.24 C
Colombia 74 40.8% 441.01 C
Mexico 75 40.7% 1433.53 C
Burundi 76 40.4% 6.63 C
Lesotho 77 40.1% 3.26 C
Philippines 78 40.1% 564.40 C
Algeria 79 39.5% 233.31 C
Sierra Leone 80 39.0% 9.79 C
Gambia 81 38.2% 3.68 C
Armenia 82 38.1% 23.71 C
Mongolia 83 37.7% 19.68 C
Ecuador 84 37.3% 108.43 C
Angola 85 37.0% 147.86 C
Ireland 86 36.6% 237.12 C
Myanmar 87 36.6% 134.46 C
Cote d'Ivoire 88 36.0% 89.80 C
Kyrgyzstan 89 36.0% 16.69 C
Benin 90 35.8% 24.50 C
Gabon 91 35.7% 24.33 C
Panama 92 35.7% 79.47 B
Liberia 93 35.4% 4.37 B
Belarus 94 35.2% 85.53 B
Papua New Guinea 95 34.8% 19.86 B
Latvia 96 34.5% 26.77 B
Serbia 97 34.3% 68.45 B
Switzerland 98 34.2% 233.25 B
Chile 99 33.9% 205.56 B
Uganda 100 32.9% 53.62 B
Norway 101 32.8% 139.84 B
Madagascar 102 32.1% 24.98 B
Mauritania 103 31.7% 12.26 B
Sweden 104 31.7% 208.90 B
Niger 105 31.4% 16.36 B
Qatar 106 30.0% 96.93 B
Central African Republic 107 29.7% 2.56 B
Lithuania 108 29.7% 40.93 B
Bangladesh 109 29.4% 443.95 B
Mali 110 28.9% 26.58 B
Tanzania 111 28.5% 76.61 B
Uzbekistan 112 28.3% 103.70 B
Paraguay 113 28.2% 39.56 B
Oman 114 27.8% 57.28 B
Indonesia 115 27.7% 1345.74 B
Honduras 116 27.5% 26.55 B
Cameroon 117 26.7% 40.76 B
Georgia 118 26.5% 24.62 B
Moldova 119 26.5% 12.62 B
Comoros 120 26.0% 0.96 B
Nepal 121 25.6% 52.50 B
Nicaragua 122 25.6% 15.83 B
Luxembourg 123 25.4% 21.48 A
Denmark 124 25.3% 103.17 A
United Arab Emirates 125 25.1% 213.86 A
Nigeria 126 24.6% 505.41 A
Vietnam 127 23.9% 374.65 A
Türkiye 128 23.5% 870.10 A
Guyana 129 22.7% 8.96 A
Tajikistan 130 22.4% 12.66 A
Bosnia and Herzegovina 131 22.3% 16.07 A
Eswatini 132 21.9% 4.05 A
Peru 133 21.5% 143.12 A
Guinea 134 20.6% 13.11 A
Ethiopia 135 19.9% 89.41 A
Saudi Arabia 136 19.3% 502.20 A
Estonia 137 18.8% 11.72 A
Guatemala 138 18.5% 43.78 A
Taiwan 139 18.4% 285.20 A
Bulgaria 140 18.3% 40.82 A
Kazakhstan 141 18.3% 123.75 A
Chad 142 18.2% 8.11 A
Cambodia 143 15.0% 20.01 A
Russia 144 15.0% 834.87 A
Azerbaijan 145 13.3% 27.91 A
Botswana 146 12.5% 7.32 A
Haiti 147 9.1% 4.84 A
Hong Kong 148 7.9% 38.59 A
Congo, Dem. Rep 149 5.8% 12.47 A
Kuwait 150 5.1% 15.04 A
Afghanistan 151 3.6% 4.38 A
Turkmenistan 152 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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