EconomyNov 22, 2023
Economies with the Highest Debt-to-GDP Ratios ☁️
What we’re showing
This graphic shows the top 20 advanced economies, ranked by their gross debt-to-GDP ratio.
Key takeaway
11 of these economies have a debt-to-GDP ratio of over 100%.
Context
- The debt-to-GDP ratio measures a country’s public debt as a percentage of its annual GDP.
- A high ratio (over 100%) is not always an immediate cause for concern.
- Financial sustainability depends on factors like interest rates, economic growth, and investor confidence.
Dataset
Economy | Gross Debt, 2023 (% of GDP) |
---|---|
Japan | 255 |
Greece | 168 |
Singapore | 168 |
Italy | 144 |
G7 Average | 128 |
United States* | 123 |
France | 110 |
Portugal | 108 |
Spain | 107 |
Canada* | 106 |
Belgium | 106 |
United Kingdom | 104 |
Cyprus | 79 |
Austria | 75 |
Finland | 74 |
Slovenia | 69 |
Germany | 66 |
Croatia | 64 |
Iceland | 61 |
Israel | 58 |
Slovak Republic | 57 |
Data sources
*For the U.S. and Canada, gross debt levels were adjusted to exclude unfunded pension liabilities of government employees’ defined-benefit pension plans
298
0
33.8K