Debt to GDP by Country 2020

Low interest rates have governments in most countries spending money and putting the bill on their credit card.  If interest rates rise, these countries are in trouble.   

Country  %Debt to GDP

23 countries have a %Debt to GDP higher than 100% of GDP.

Venezuela 350

Japan 266

Sudan 259

Greece 206

Lebanon 172

Italy 156

Portugal 134

Singapore 131

Bahrain 128

Cape Verdi 125

Bhutan 121

Angola 120

Spain 120

Cyprus 118

Canada 118

France 116

Belgium 114

Mozambique 114

Jamaica 110

US 108

Argentina 102

R Congo 102

UK 100

 

71 countries have a % Debt to GDP between 50% and 100%

Seychelles 94

Sao Tome Principe 92.7

Jordan 92.4

EU 90.7

Egypt 90.2

El Salvador 90.17

Croatia 88.8

Pakistan 87

Sri Lanka 86.8

Suriname 86.6

Austria 83.9

Bahamas 83.8

S Africa 83

Trinidad 82.7

Yemen 81.7

Slovenia 80.8

Hungary 80.4

Gambia 80

Costa Rica 79.26

Ghana 78

Morocco 77.4

Zimbabwe 77.2

Brazil 75.79

Montenegro 74.91

Uruguay 73

Tunisia 72.2

Sierra Leone 71.9

Qatar 71.8

Israel 71.1

Belize 69.9

Panama 69.82

Germany 69.8

India 69.62

Namibia 69.6

Finland 69.2

Ecuador 58.9

Iraq 68.3

Kyrgyzstan 68.1

Bolivia 67.3

China 66.8

Albania 65.9

Kenya 65.6

Fiji 65.2

Mauritius 64.6

Eritrea 64

Colombia 62.8

Georgia 62.4

Rwanda 61

Slovakia 60.6

Gabon 59.9

Ireland 59.5

Ethiopia 59

Poland 57.5

Algeria 57.2

Nicaragua 57.2

Oman 55.9

Mongolia 55

Honduras 54.86

Netherlands 54.5

Haiti 54.4

Malta 54.3

Mauritania 54

Malaysia 52.7

Laos 52.64

Serbia 52

Lesotho 51.7

Eq Guinea 51.1

Malawi 50.7

Dominican R 50.53

Thailand 50.5

Ukraine 50.3

 

47 countries have a %Debt to GDP between 30% and 50%.

PN Guinea 48.9

Tajikistan 47.77

Senegal 47.7

Lithuania 47.3

Romania 47.3

C African R 47.2

Vietnam 46.7

Armenia 45.6

Mexico 45.5

Iran 45.4

Madagascar 44.8

Chad 44.3

Latvia 43.5

Switzerland 42.9

Cameroon 42.7

S Korea 42.6

Myanmar 42.4

Denmark 42.2

Philippines 41.5

Macedonia 40.7

Norway 40.6

Sweden 39.9

Niger 39.8

Turkey 39.5

Djibouti 38.5

Indonesia 38.5

Hong Kong 38.4

Uganda 38.2

Czech R 38.1

Tanzania 37.8

Guyana 37

Iceland 37

UAE 36.9

Guinea B 36.5

Peru 35.4

Nigeria 34.98

Guinea 34.3

Paraguay 33.9

Chile 33

Bangladesh 31.7

Cambodia 31.5

Guatemala 31.26

Belarus 30.9

Turkmenistan 30.9

Nepal 30.2

Ivory Coast 30

 

29 countries have a %Debt to GDP lower than 30%

Togo 29.5

Taiwan 28.2

N Zealand 27

Luxembourg 24.9

Australia 24.8

Maldives 24.7

Bosnia H 24.6

Bulgaria 23.5

Kazakhstan 23.4

S Arabia 22.8

Burkina Faso 22.6

Benin 21.6

Uzbekistan 20.4

Azerbaijan 20.1

Comoros 19.3

Cuba 18.3

Estonia 18.2

Botswana 17.7

Kosovo 17.46

Palestine 16.4

Burundi 15.2

Congo 15.2

Russia 14.6

Swaziland 11.7

Kuwait 11.5

Afghanistan 7.8

Cayman Islands 5.7

Brunei 3.2

Libya -0.2

https://tradingeconomics.com/country-list/government-debt-to-gdp

Comments

Interest rates are low at 3% and even lower at 0% to 2% for countries. If interest rates are allowed to rise, the countries with the highest %Debt to GDP will be in trouble. This is a good time for families to buy homes, but it’s also a good time for countries to be careful.

Norb Leahy, Dunwoody GA Tea Party Leader