Global public debt – the total sum of money owed by governments around the world – has skyrocketed past a record $100 trillion (£74.4trn). Fuelled by everything from soaring defence spending to rising tariffs, governments are in the midst of a borrowing bonanza, in spite of high interest rates.

The International Monetary Fund (IMF) has warned public debt is set to soar to 100% of global GDP by 2030, up from 95.1% this year. But plenty of countries have already surpassed this alarming threshold.

With nations racking up IOUs like there's no tomorrow, read on for the current debt-to-GDP ratios for the world's 25 leading economies, starting with the smallest. All dollar amounts in US dollars.