5 Countries with the Highest Debt to GDP Ratios

2. Sudan

• Current Debt-to-GDP Ratio: ~222% – 250%+
• Trend Since 2023: Massive Increase
• Analysis: Sudan’s fiscal situation has catastrophic. The ongoing civil war, which began shortly after the 2023 report, has caused a 37.5% contraction in GDP. With tax revenue collapsing to just 2% of GDP and massive displacement of the population, Sudan is in total debt distress, with the ratio soaring as the economy vanishes.