10 Countries with the Highest Debt to GDP Ratios

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8. Libya

Debt to GDP Ratio: 155%

Libya’s public debt has been reaching high levels, with a debt-to-GDP ratio of 155%. However, the outlook for the economy remains positive as it’s projected to grow by 4.4% in 2023. This is largely due to higher revenues coming in from oil output. Debt is still very high, with many households struggling with poverty and food insecurity.

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