Find out which major nations are massively in the red
Wonder how indebted your country really is? The debt-to-GDP ratio compares a nation's external debt to its total output for a year and is a handy way to judge the overall state of a country's economy and ability to pay its dues.
A ratio of over 100% means a country isn't producing enough to cover what it owes, while a rising ratio can signal that a recession is on its way and a consistently high ratio is usually accompanied by poor economic growth.
With this in mind, read on to discover the debt-to-GDP ratios of 24 of the world's largest economies, from the lowest to the highest.
All dollar values in US dollars.
Daniel Coughlin
28 June 2023
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