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Countries drowning in debt in 2021

Countries with big debt piles
18th. Brazil: 68.5% of GDP
17th. Hungary: 70.41% of GDP
16th. South Africa: 74.47% of GDP
15th. Morocco: 76.6% of GDP
14th. Egypt: 77.96% of GDP
13th. Pakistan: 79.67% of GDP
12th. Yemen: 81.08% of GDP
11th. Jordan: 88.28% of GDP
10th. United Kingdom: 98.15% of GDP
9th. Zambia: 99.72% of GDP
8th. Belgium: 103.81% of GDP
7th. United States: 106.78% of GDP
6th. Spain: 106.91% of GDP
5th. France: 110.01% of GDP
4th. Portugal: 130.27% of GDP
3rd. Italy: 148.84% of GDP
2nd. Lebanon: 167.21% of GDP
1st. Japan: 177.08% of GDP
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MIGUEL MEDINA/Contributor/Getty Images

Countries with big debt piles

Having debt doesn’t mean that a country is poorly run or financially unstable – in fact, some of the world’s biggest economic powers have a lot of it. But there is a fine line between a healthy and unhealthy amount. In 2010, the World Bank published a study which revealed that a 77% debt-to-GDP ratio was the tipping point for developed economies, and a 64% ratio for emerging markets. Countries which stayed above this threshold for long periods saw significant slowdowns in economic growth. Using the most recent data estimates from the International Monetary Fund's (IMF) World Economic Outlook (October 2020), click or scroll through the most in-debt nations on the planet.

Countries with economies smaller than $10 billion (£7.4bn) GDP are not included and figures are based on gross debt. All dollar amounts are US dollars.

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Hannah Ward-Glenton

06 January 2021

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