5 Countries That Have The Most Debt Per Capita

3. Japan

Total debt per capita: $88,142

From 1980 to 2021, Japan’s debt averaged over 144% and reached a record high in 2021 of 262.5% of GDP as governmental bonds hit a record $7 trillion. Despite the economy recovering from the pandemic, Japan’s debt to GDP ratio is still the worst among G-7 nations as spending growth exceeds economic expansion significantly.