Search

List of Top Five Debt Ridden Country of the World

A country found itself in debt trap when the expenditure of a country exceeds the revenue of that country year by year. After factual analysis we found that Japan is the most debt ridden country in the world followed by the Greece and Lebanon. Japan has debt of 229% of its GDP.
Sep 16, 2016 12:25 IST
facebook Iconfacebook Iconfacebook Icon

A country found itself in debt trap when the expenditure of a country exceeds the revenue of that country year by year. After factual analysis we found that Japan is the most debt ridden country in the world followed by the Greece and Lebanon. Japan has debt of 229% of its GDP.

It should be noted that while a country may have a relatively large external debt (either in absolute or per capita terms), it could be a "Net International Creditor" if its external debt is less than the total of the external debt of other countries held by it. For example, Norway, Hong Kong, Switzerland, Japan among others are net international creditors.

Below we have given the data related to the five most debt burdened countries of the world:-

1. Japan:

Size of the Economy: $ 4123 billion

Total Debt: 229% of the GDP

Maximum Debt: $5957 billion

Minimum Debt: $44 billion

Since: Dec. 2015 till date

Jagranjosh

Image source:www.operationworld.org

2. Greece:

Size of the Economy: 328341 EUR million

Total Debt: 176% of the GDP

Maximum Debt: $ 354 billion

Minimum Debt: $ 4.45 billion

Since: Dec. 2015 till date

Jagranjosh

Image source:www.hotels-europe.com

The History of the Indian Currency Notes and its Evolution

3.Lebanon :

Size of the Economy: 95170 LPB billion

Total Debt: 139% of the GDP

Maximum Debt: $ 47.1billion

Minimum Debt: $ 2.72 billion

Since: Dec. 2015 till date

Jagranjosh

Image source:www.lebanon.polypropylenepump.com

4. Jamaica:

Size of the Economy: $ 14 billion

Total Debt:  132.72 % of the GDP

Maximum Debt: $14.75 billion

Minimum Debt: $ 0.7 billion

Since: Dec. 2015 till date

Jagranjosh

Image source:www.mapsopensource.com

Where do Printing of Security Papers, Notes and Minting take Place in India?

5. Italy:

Size of the Economy: 2248823 EUR million

Total Debt: 132.70 % of the GDP

Maximum Debt: $ 2391 billion

Minimum Debt:  $ 40.39 billion

Since: Dec. 2015 till date

Jagranjosh

Image source:www.enchantedlearning.com

Here is the list of the most debt ridden countries of the world in terms of: Debt % of GDP:

S.N.

Country

Current Debt % of GDP

Highest debt (%)

Lowest debt (%)

1.

Japan

229.20

229

50.6

2.

Greece

176.90

180

22.6

3.

Lebanon

139.00

183

131

4.

Jamaica

132.72

212

70.5

5.

Italy

132.70

133

90.5

NOTE: The size of Indian Economy is 2074 billion dollar and its debt is 67.20% of GDP.

List of top 10 most debt ridden countries in terms of Total External Debt:

Jagranjosh

Source: indexmundi.com

NOTE: External Debt Meaning: The total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods, or services.

List of Public sector banks in India and their headquarters

Economy Quiz