10 Countries with the Highest Debt to GDP Ratios

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In this article, we take a look at the 10 countries with the highest debt to GDP ratios. If you want to check out more countries, go directly to the 25 Countries with the Highest Debt to GDP Ratios

10. Cape Verde

Debt to GDP Ratio: 130%

Cape Verde’s national debt stands at $3.05 billion as of 2023. The debt to GDP ratio of 130% is largely due to the pandemic, prolonged drought, and the Russia-Ukraine conflict considering it imports 11% oil and 8% cereals from Russia. Services and renewable energy are expected to drive growth in the coming years.

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