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Macroeconomic Predictions-News

20 Countries with the Highest Debt to GDP Ratio

Published on September 27, 2020 at 8:04 pm by Insider Monkey Staff in Macroeconomic Predictions, News

Below you can see the list of 20 countries with the highest debt to GDP ratios. For our methodology and detailed discussion please see this article.

20. India

Debt (Billions): $2,026.81
Debt Per Person ($): $1,499.37
2019 Gross Debt/GDP (%): 69.04

Angelo Giampiccolo / Shutterstock.com

19. Croatia

Debt (Billions): $43.14
Debt Per Person ($): $10,625.39
2019 Gross Debt/GDP (%): 71.07

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Pixabay/Public Domain

18. Spain

Debt (Billions): $1,347.71
Debt Per Person ($): $28,886.10
2019 Gross Debt/GDP (%): 96.41

17. Tunisia

Debt (Billions): $28.83
Debt Per Person ($): $2,446.48
2019 Gross Debt/GDP (%): 74.43

Pixabay/Public domain

16. Belgium

Debt (Billions): $522.83
Debt Per Person ($): $45,631.41
2019 Gross Debt/GDP (%): 101.01

Pixabay/Public Domain

15. Pakistan

Debt (Billions): $218.08
Debt Per Person ($): $1,065.20
2019 Gross Debt/GDP (%): 76.73

14. Sri Lanka

Debt (Billions): $71.83
Debt Per Person ($): $3,274.61
2019 Gross Debt/GDP (%): 82.97

SurangaSL/Shutterstock.com

13. Egypt

Debt (Billions): $256.53
Debt Per Person ($): $2,585.67
2019 Gross Debt/GDP (%): 84.87

12. Singapore

Debt (Billions): $413.99
Debt Per Person ($): $73,011.80
2019 Gross Debt/GDP (%): 114.10

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anekoho/Shutterstock.com

11. Portugal

Debt (Billions): $277.91
Debt Per Person ($): $27,073.61
2019 Gross Debt/GDP (%): 117.55

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Arseniy Krasnevsky/Shutterstock.com

10. Brazil

Debt (Billions): $1,691.28
Debt Per Person ($): $8,055.15
2019 Gross Debt/GDP (%): 91.57

Rio de Janeiro, Brazil

9. Argentina

Debt (Billions): $415.63
Debt Per Person ($): $9,225.41
2019 Gross Debt/GDP (%): 93.30

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Celso Diniz/Shutterstock.com

8. Jordan

Debt (Billions): $41.78
Debt Per Person ($): $4,149.42
2019 Gross Debt/GDP (%): 94.59

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SJ Travel Photo and Video/Shutterstock.com

7. Angola

Debt (Billions): $86.94
Debt Per Person ($): $2,885.86
2019 Gross Debt/GDP (%): 94.99

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Anton_Ivanov / Shutterstock.com

6. Italy

Debt (Billions): $2,647.93
Debt Per Person ($): $43,869.29
2019 Gross Debt/GDP (%): 133.15

Pixabay / Public Domain

5. Bahrain

Debt (Billions): $38.84
Debt Per Person ($): $25,704.31
2019 Gross Debt/GDP (%): 101.71

4. Japan

Debt (Billions): $12,251.62
Debt Per Person ($): $97,088.30
2019 Gross Debt/GDP (%): 237.69

Tokyo Tower

3. Greece

Debt (Billions): $378.03
Debt Per Person ($): $35,282.33
2019 Gross Debt/GDP (%): 176.64

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2. Lebanon

Debt (Billions): $90.85
Debt Per Person ($): $14,977.89
2019 Gross Debt/GDP (%): 155.13

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diak/Shutterstock.com

1. Sudan

Debt (Billions): $63.91
Debt Per Person ($): $1,478.61
2019 Gross Debt/GDP (%): 207.00

See also top 10 countries with least debt in the world and 10 countries that owe the US the most money. 

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