Top 10 Countries with the Least Debt in the World

8. Libya

Debt of GDP: 10%

Over in Northern Africa, bordering the Mediterranean sea we find Libya, spreading over a land measuring over 1.7 million square kilometers. In fact, over 90% of the 6.6 million citizens live along the Mediterranean coast since the interior of the country is home to the Sahara desert in part, and lacks the water needed for daily life.

Libya’s GDP was estimated at $55.4 billion in 2016, while its public debt hit just 10% of this amount.

The country’s economy is almost entirely dependant on oil and gas exports and has been struggling in the past few years, due to civil war, but also due to the world oil prices going down. Libya is still going through numerous economic changes due to the transition period following Colonel Qadhafi’s era.

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