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Countries drowning in debt in 2020

Countries struggling with national debt
22nd. United Kingdom  – 85.6% debt-to-GDP ratio
21st. Canada – 87.5% debt-to-GDP ratio
Joint 19th. Zambia – 91.6% debt-to-GDP ratio
Joint 19th. Brazil – 91.6% debt-to-GDP ratio
18th. Argentina – 93.3% debt-to-GDP ratio
17th. Jamaica – 93.5% debt-to-GDP ratio
16th. Jordan – 94.6% debt-to-GDP ratio
15th. Angola – 95% debt-to-GDP ratio
14th. Cyprus – 96.1% debt-to-GDP ratio
13th. Spain – 96.4% debt-to-GDP ratio
12th. France – 99.3% debt-to-GDP ratio
11th. Belgium – 101% debt-to-GDP ratio
10th. Bahrain – 101.7% debt-to-GDP ratio
9th. United States – 106.2% debt-to-GDP ratio
8th. Mozambique – 108.8% debt-to-GDP ratio
7th. Singapore – 114.1% debt-to-GDP ratio
6th. Portugal – 117.6% debt-to-GDP ratio
5th. Italy – 133.2% debt-to-GDP ratio
4th. Lebanon – 155.1% debt-to-GDP ratio
3rd. Greece – 176.6% debt-to-GDP ratio
2nd. Sudan – 207% debt-to-GDP ratio
1st. Japan – 237.7% debt-to-GDP ratio
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Countries struggling with national debt

There’s nothing wrong with debt per se – in fact, some of the world’s biggest economic powers have a lot of it. Yet there’s a fine line between a healthy and an unhealthy amount. In 2010, the World Bank published a study which revealed that a 77% debt-to-GDP ratio was the tipping point, and that countries which stayed above this threshold for long periods saw significant slowdowns in economic growth. Using the most recent data from the International Monetary Fund (IMF)’s World Economic Outlook (October 2019), here are the most in-debt nations on the planet as we enter 2020. (We haven't included countries with economies smaller than $10 billion (£7.6bn) GDP.)

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lovemoney staff

10 December 2019

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