Debt-to-GDP Ratio by Size

ESTIMATES FOR DEBT-TO-GDP IN PPP INT$ ADJUSTED for BASE YEAR AND INFORMAL ECONOMY

The debt-to-GDP ratio is the ratio between a country's government debt and its gross domestic product (GDP).

World Economics has upgraded each country's GDP presenting it in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. Using the World Economics GDP Database it is possible to see more realistic debt levels for each country.

Data source: World Economics Research, London


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Country Debt
% of GDP
Japan 207%
Singapore 162%
United States 121%
Greece 117%
Italy 117%
Bahrain 108%
France 106%
Canada 103%
Libya 98%
United Kingdom 96%
Belgium 96%
China 86%
Spain 84%
Sudan 82%
Finland 80%
Ukraine 79%
Austria 78%
Cabo Verde 77%
Senegal 77%
Portugal 76%
Bhutan 74%
Brazil 73%
Zambia 73%
Mauritius 73%
Jordan 68%
Sri Lanka 68%
Tunisia 63%
Hungary 62%
India 62%
El Salvador 61%
Mozambique 61%
Bolivia 61%
Israel 61%
Germany 60%
Suriname 59%
Laos 57%
Egypt 57%
Slovenia 56%
Argentina 56%
Slovak Republic 56%
Bahamas, The 55%
Poland 55%
South Africa 54%
Morocco 52%
New Zealand 51%
Malawi 51%
Trinidad and Tobago 51%
Malaysia 51%
Rwanda 50%
Romania 50%
Gabon 49%
Algeria 49%
Pakistan 49%
Colombia 48%
Thailand 48%
Uruguay 48%
Costa Rica 48%
Congo, Rep. 48%
Korea, Rep. 47%
Croatia 46%
Dominican Republic 46%
Guinea-Bissau 46%
Togo 46%
Australia 46%
Cyprus 45%
Yemen, Rep. 45%
Kenya 45%
Lebanon 44%
Mexico 44%
Panama 43%
Namibia 42%
Netherlands 42%
Jamaica 41%
Philippines 41%
Iceland 41%
Gambia 41%
Albania 41%
North Macedonia 40%
Czechia 40%
Latvia 40%
Armenia 40%
Ecuador 39%
Lithuania 39%
Myanmar 39%
Malta 38%
Norway 38%
Mongolia 38%
Chile 37%
Ghana 34%
Uganda 34%
Liberia 34%
Cote d'Ivoire 34%
Switzerland 34%
Benin 33%
Lesotho 33%
Papua New Guinea 33%
Angola 33%
Nepal 33%
Sweden 32%
Qatar 32%
Burkina Faso 31%
Mali 30%
Serbia 30%
Botswana 30%
Honduras 30%
Tanzania 29%
Kyrgyzstan 29%
Moldova 29%
Ireland 29%
Bangladesh 28%
Indonesia 28%
Belarus 28%
Madagascar 28%
Nicaragua 27%
Paraguay 27%
Saudi Arabia 27%
United Arab Emirates 27%
Denmark 27%
Central African Republic 27%
Mauritania 26%
Oman 26%
Luxembourg 26%
Eswatini 26%
Ethiopia 26%
Zimbabwe 25%
Burundi 25%
Niger 25%
Bosnia and Herzegovina 24%
Uzbekistan 24%
Bulgaria 24%
Cameroon 24%
Sierra Leone 24%
Comoros 23%
Estonia 23%
Georgia 23%
Guinea 22%
Guyana 22%
Vietnam 22%
Peru 22%
Nigeria 21%
Kazakhstan 20%
Russia 20%
Türkiye 20%
Chad 20%
Guatemala 19%
Taiwan 17%
Tajikistan 17%
Azerbaijan 17%
Cambodia 16%
Hong Kong 12%
Kuwait 8%
Congo, Dem. Rep 8%
Haiti 6%
Afghanistan 5%
Turkmenistan 3%
Brunei 2%

See: Data for individual countries by using country lists




Key:
Debt-to-GDP ratio expressed in percentage terms.

Grade definitions:
         A: Very low debt
         B: Low debt
         C: Moderate debt
         D: High debt
         E: Very high debt





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