In the realm of economy and finance, understanding national debt offers a deep insight into a country's fiscal health and creditworthiness. The ratio of a country's national debt to its Gross Domestic Product (GDP) offers an effective measure for economists and policymakers alike to draw comparisons between countries and steers strategic financial decisions. The United States, albeit being the world's largest economy, has a relatively high debt-to-GDP ratio, with countries varying widely in their respective positions.
Key findings from the data include:
It's essential to note that a high national debt doesn't necessarily signify an adverse economic situation, just as a low national debt does not always equate to financial stability. Various factors, including how the debt is utilized, the country's credit rating, inflation, and the strength of its economy, play a significant role in understanding the implications of the national debt. This examination of national debt by countries offers a comprehensive perspective on different economic strategies and outcomes, and the balancing act between spending and over-indebtedness.
The ten countries with the highest values of national debt in relation to their Gross Domestic Product (GDP) are Japan, Sudan, Greece, Eritrea, Singapore, Maldives, Lebanon, Italy, Cape Verde, and Barbados.
At the top of the list, Japan has the highest debt to GDP ratio in the world with a staggering 259.4%. This means Japan's national debt is over two and a half times the size of its entire annual economy. Sudan lands in the second spot with a debt to GDP ratio of 200.4%. Greece is third with its national debt amounting to 194.5% of its GDP.
Eritrea follows closely behind with a ratio of 179.7% while Singapore scores the fifth-highest with 159.9%. Maldives has a national debt equivalent to 154.4% of their GDP. Lebanon, experiencing economic crisis, has a debt to GDP ratio of 150.6%. Italy's debt to GDP ratio clocks in at 150.3%.
The final two on this list, Cape Verde and Barbados, post national debts of 145.1% and 135.4% respective to their GDP.
10 Countries with the Highest National Debt in Debt to GDP Ratio:
To sort the data in the table, click on the column headers.