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20 countries drowning in debt

Swamped by massive loans
20) Brazil – 84%
19) UK – 88%
18) Bahrain – 89%
17) Canada – 90%
16) Jordan – 96%
15) France – 97%
14) Cyprus – 98%
13) Spain – 98%
12) Jamaica – 101%
11) Mozambique – 102%
10) Egypt – 103%
9) Belgium – 103.4%
8) USA – 105.2%
7) Singapore – 111.1%
6) Sudan – 121.5%
5) Portugal – 125.7%
4) Italy – 131.8%
3) Lebanon – 146.8%
2) Greece – 181.8%
1) Japan – 237.6%
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Sean Pavone/Shutterstock

Swamped by massive loans

Almost every country in the world has sovereign debt – in fact, some of the world’s most powerful economies have a lot of it. Yet while it’s perfectly healthy to accrue debt to finance growth, some countries are bearing a serious burden. Using the World Economic Forum's debt-to-GDP ratio for 2017 (the latest year for which figures are available), here are the countries with the highest debt-to-GDP ratios in the world. We haven't included countries with economies smaller than $10 billion GDP.

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lovemoney staff

24 September 2019

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