List of National Debt by Country

This is a list of the gross National debt that countries have. National debt refers to the amount of total government debt a country has. This is also referred to as ‘public sector debt’.
It is compiled using data from the IMF, Eurostat and CIA agencies.
Note: National debt is different to ‘External debt‘ – External debt includes all the debts a country (both private and public sector) owe to foreigners.
Note: You may see slightly different figures for government debt levels, depending how it is measured. For example,
- In Q1 2014 – Net US debt was 74% (debt held by private sector). Gross US debt was 103% (this includes intra-governmental holdings
Updated October, 2014

List of National Debt by Country

General gross government debt. Mostly using CIA from April 2014.

Debt levels for 2013.

Pos	Country	Debt % of GDP	Read more
1	Japan	226	Japan debt
2	Zimbabwe	202.4
3	Greece	175
4	Italy	133	Italy debt
5	Iceland	130.5
6	Portugal	127.8	Portugal debt
7	Ireland	124.2	Ireland debt
8	Jamaica	123
9	Lebanon	120
10	Cyprus	113
11	Sudan	111
12	Grenada	110
13	Singapore	105.5
14	Eritrea	104.7
15	Belgium	102.4
16	Puerto Rico	96.5
17	Spain	93.7	Spain debt
18	France	93.4	France debt
19	Egypt	92.2
20	United Kingdom	91.1	UK debt
21	Barbados	90.5
22	Antigua and Barbuda	89
23	Canada	86.3	Canada debt
24	Cabo Verde	86.2
25	Saint Kitts and Nevis	83
26	Germany	79.9
27	Hungary	79.8
28	Jordan	79.1
29	Sri Lanka	78.4
30	Saint Lucia	77
31	Morocco	76.9
32	Austria	75.7
33	Malta	75
34	Belize	75
35	Netherlands	74.3
36	United States	71.8	US debt
37	Slovenia	71.7
38	Albania	70.5
39	Dominica	70
40	Saint Vincent and the Grenadines	68
41	Israel	67
42	Aruba	67
43	Croatia	66.2
44	Sao Tome and Principe	65.5
45	Uruguay	62
46	El Salvador	62
47	Serbia	61.2
48	Bahrain	61.2
49	Guyana	59.9
50	Brazil	59.2
51	Syria	58.9
52	Mauritius	68
53	Finland	56.5
54	Fiji	56.2
55	Slovakia	55.5
56	Costa Rica	55
57	Pakistan	54.6
58	Malaysia	54.6
59	Kenya	53.5
60	Ghana	53.1
61	Montenegro	52.1
62	Seychelles	51.8
63	India	51.8
64	Tunisia	51
65	Malawi	50.8
66	Nicaragua	50
67	Ethiopia	50
68	Philippines	50
69	Czech Republic	48.8
70	Vietnam	48.2
71	Poland	48.2
72	Burundi	47.6
73	Yemen	47.1
74	Dominican Republic	47
75	Denmark	47
76	Mozambique	46.7
77	Laos	46.3
78	Bosnia and Herzegovina	45.9
79	Thailand	45.9
80	Argentina	45.8
81	South Africa	45.4
82	Cote d’Ivoire	45.2
83	Tanzania	42.7
84	United Arab Emirates	41.7
85	Sweden	41.5
86	Andorra	41.1
87	Honduras	40.6
88	Ukraine	40.6
89	Lithuania	40.2
90	Panama	39.8
91	Colombia	39.6
92	Latvia	39.2
93	Bhutan	38.9
94	Taiwan	38.9
95	Djibouti	38.6
96	Romania	38.6
97	Senegal	38.4
98	New Zealand	38.4
99	Armenia	37.7
100	Mexico	37.7
101	Trinidad and Tobago	37.1
102	Turkey	36.6
103	Georgia	36.3
104	Bolivia	36
105	Cuba	35.9
106	Korea, South	35.8
107	Hong Kong	35.6
108	Macedonia	34.3
109	Venezuela	34.2
110	Switzerland	33.8
111	Curacao	33.2
112	Australia	32.6
113	Congo, Republic of the	32.1
114	Zambia	31.8
115	Belarus	31.5
116	Sierra Leone	31.1
117	Guatemala	31
118	Bangladesh	30.9
119	Uganda	30.7
120	Qatar	30.6
121	Chad	30.5
122	Mali	30.5
123	Norway	30.1
124	Benin	29.7
125	Papua New Guinea	28.1
126	Nepal	28
127	Namibia	27.2
128	San Marino	25.8
129	Indonesia	24
130	Rwanda	23.5
131	Ecuador	23.2
132	Gabon	23
133	Luxembourg	22.9
134	China	22.4
135	Anguilla	20
136	Nigeria	19.3
137	Iran	18.7
138	Bulgaria	18.4
139	Botswana	17.9
140	Cameroon	16.7
141	Moldova	16.6
142	Paraguay	15.7
143	Kazakhstan	15.6
144	Peru	14.9
145	Angola	14.7
146	Chile	13.9
147	Algeria	13.2
148	Saudi Arabia	12.2
149	Equatorial Guinea	11
150	Kosovo	9
151	Russia	7.9
152	Uzbekistan	7.6
153	Azerbaijan	7.5
154	Gibraltar	7.5
155	Tajikistan	6.5
156	Kuwait	6.4
157	Estonia	6
158	Wallis and Futuna	5.6
159	Libya	4.8
160	Oman	4.4
161	Liberia	3.3

Sources:

CIA factbook – National debt by Country
Public debt, International Monetary Fund, April 2012
Eurostat pdf.

Some selected levels of Public Sector debt in different countries:

Canada National debt gross debt 85% of GDP(2012) – In Canada there are two measures. Net federal debt involves only central government. (38% of GDP).
UK National Debt 67% of GDP (UK) See (UK national debt for more details.)

Further Reading

Annual Government Borrowing

An important factor is not just cumulative national debt, but, the annual budget deficit. This annual deficit determines the rate of deterioration in the public sector debt.

The budget deficit is the total amount the government needs to borrow in a particular year.

Budget Deficits by Country in 2012

This shows that the US has one of the highest budget deficits in the world.

External Debt

A different statistics is external debt, this the amount of debt a country owes to other countries. It includes both the private and public sector debt. See: list of external debt by country

Credit Ratings

List of countries with highest credit rating (AAA)

Readers Question

List of National Debt by Country

Annual Government Borrowing

Budget Deficits by Country in 2012

External Debt

Credit Ratings

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