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,
    •  US net debt is debt held by private sector. Gross US debt ( includes intra-governmental holdings)
  • Updated July 2017.

List of National Debt by Country

Levels of general gross government debt. Debt levels as % of GDP for 2017.

1
Japan 234.7
2 Greece 181.6
3 Lebanon 161.5
4 Italy 132.5
5 Jamaica 130.1
6 Cabo Verde 128.6
7 Portugal 126.2
8 Eritrea 119.8
9 Singapore 110.5
10 Grenada 110
11 Barbados 108.9
12 Belgium 106.7
13 Cyprus 104.6
14 Mozambique 100.3
15 Spain 99.6
16 Canada 98.8
17 France 96
18 Egypt 92.6
19 Puerto Rico 92.5
20 United Kingdom 92.2
21 Yemen 92.2
22 Jordan 90.6
23 Sao Tome and Principe 89.5
24 Antigua and Barbuda 89
25 Croatia 88.3
26 European Union 86.8
27 Belize 86.3
28 Austria 83.5
29 Saint Kitts and Nevis 83
30 Slovenia 81.8
31 Iraq 79
32 Ukraine 78.2
33 Ireland 77.9
34 Sri Lanka 77.1
35 Saint Lucia 77
36 Morocco 77
37 Hungary 75.1
38 United States 73.8
39 Ghana 73.7
40 Brazil 73.5
41 Serbia 72.9
42 Maldives 72.8
43 Bahrain 72
44 Albania 71
45 Montenegro 70.7
46 Congo, Republic of the 70
47 Dominica 70
48 Pakistan 69.8
49 Kyrgyzstan 69.5
50 Sudan 68.8
51 Germany 68.2
52 Suriname 67.8
53 Saint Vincent and the Grenadines 67
54 Aruba 67
55 Mauritius 66
56 El Salvador 64.9
57 Bahamas, The 64.4
58 Finland 63.6
59 Togo 63.3
60 Israel 63.2
61 Uruguay 62.8
62 Malta 62.6
63 Costa Rica 62.3
64 Netherlands 61.8
65 Laos 61.6
66 Malawi 61.2
67 Belarus 60.7
68 Djibouti 60.5
69 United Arab Emirates 60.3
70 Mongolia 60
71 Seychelles 59.1
72 Tunisia 59
73 Syria 57.5
74 Angola 57.4
75 Zambia 57.2
76 Iceland 56.5
77 Mexico 56.3
78 Senegal 55.6
79 Qatar 55.6
80 Malaysia 55.1
81 Vietnam 54.9
82 Ethiopia 54.2
83 Argentina 53.8
84 Lesotho 53.4
85 Armenia 53.4
86 Guyana 53.1
87 Slovakia 52.4
88 India 52.3
89 Moldova 51.9
90 Marshall Islands 51.3
91 Trinidad and Tobago 51.2
92 Cote d’Ivoire 50.9
93 Thailand 50.4
94 Kenya 50.4
95 Fiji 50.2
96 Niger 48.9
97 Macedonia 47.8
98 Honduras 47.3
99 Bolivia 47
100 Bosnia and Herzegovina 46.5
101 Australia 46.1
102 Korea, South 46.1
103 Virgin Islands 45.9
104 Zimbabwe 45.4
105 Tonga 45.1
106 Nicaragua 45
107 Poland 44.7
108 Colombia 44.6
109 Dominican Republic 44
110 Gabon 43.5
111 Burundi 43.4
112 Sierra Leone 43.3
113 South Africa 43.3
114 Namibia 43.1
115 Bermuda 43
116 Philippines 42.9
117 Georgia 42.4
118 Madagascar 41.8
119 Lithuania 41.8
120 Tuvalu 41.1
121 Andorra 41
122 Czechia 40.8
123 Benin 40.2
124 Papua New Guinea 39.4
125 Romania 39.3
126 Panama 39.3
127 Latvia 38.7
128 Hong Kong 38.4
129 Uganda 36.9
130 Venezuela 36.7
131 Rwanda 36.6
132 Tanzania 36.6
133 Chad 35.4
134 Faroe Islands 35
135 Denmark 34.2
136 Switzerland 34.1
137 New Zealand 34
138 Cambodia 33.9
139 Taiwan 33.5
140 Curacao 33.2
141 Ecuador 33
142 Turkey 32.7
143 Cuba 32.7
144 Norway 32.2
145 Guam 32.1
146 Cameroon 31.1
147 Saudi Arabia 31
148 Sweden 31
149 Bhutan 30
150 Indonesia 29.4
151 Comoros 28.5
152 Micronesia, Federated States of 28
153 Nepal 27.6
154 Guatemala 27.4
155 Mali 27.3
156 Bulgaria 26.7
157 Haiti 26.5
158 Peru 26.3
159 Bangladesh 25.9
160 San Marino 25.8
161 Paraguay 25.5
162 West Bank 24.4
163 Equatorial Guinea 24.3
164 Kazakhstan 24.1
165 Kuwait 23.1
166 Luxembourg 21.4
167 Botswana 21
168 Azerbaijan 20.4
169 Anguilla 20.1
170 Chile 18.5
171 Oman 18.5
172 Congo, Democratic Republic of the 18.2
173 China 16.1
174 Swaziland 13.7
175 Russia 13.7
176 Nigeria 13.2
177 Greenland 13
178 Algeria 13
179 Iran 11.9
180 Liberia 11.8
181 Uzbekistan 11
182 Kosovo 10.6
183 Libya 10
184 Estonia 9.7
185 Kiribati 8.6
186 Gibraltar 7.5
187 Tajikistan 6.5
188 New Caledonia 6.5
189 Wallis and Futuna 5.6
190 Timor-Leste 0

 

 

Sources:

 

Some selected levels of Public Sector debt in different countries:

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

net -debt

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

Readers Question

36 thoughts on “List of National Debt by Country”

  1. Why is the US debt listed here as 90.8% of GDP in the opening paragraphs, and then listed as No. 66 at 39.7% of GDP? By other accounts we do seem to be closing in on 100%, and so should be listed between Nos. 11 & 12 (differences between 2008 and 2009 notwithstanding). I wonder if the U.S. could negotiate lower interest rates on its public debts without causing panic, so that it could lower its interest payments, get its economy going again, and pay down the principal over the long term. I know…not as easy as it sounds.

    Reply
  2. Why is Japans debt so high?
    @Kendrick: As I understand it is any level of government’s debt, and that debt is usually owed to the people, but countries with high trade deificiets that money begins to be owed to people oversea’s. And why do we not pay our debt? Because then no other countries would trade with you until you payed the debt, which would be even harder then usual because you wuld have lost a massive percentage of GDP because of the losss of trade(We need oil)
    I am still learning so tell me if I am wrong:)

    Reply
  3. @Wahid: It is because the government pours in money to stimulate the economy, increasing their debt, and if the japanese spent it, future tax revenue, but they save it instead, making the government continue to pour money in. Correct me if I am wrong(:

    Reply
  4. All debts are owed to somone (or something). If you add all the national debts and subtract the national surpluses (and do not include the domestic loans from the members of the states to their own state) you still wind up with a lot of money owed to the world bank.
    How did the world bank get so rich?
    The same way all banks make money – by “printing”
    So what we need to learn is “Who controls the world bank and the income earned by interests on all those loans?” and “What do they do with all that money?”

    Reply
  5. When are people in this world going to wake up and realize the banks own them? Dept is money and money is created from dept, no dept, no printing. Once upon a time money was linked to finite assets i.e. gold, silver, rice etc. Now Global banks dictate how much money is in circulation which it creates from thin air and issued as government bonds, which is then lent to national banks who fractionalize that out at 25:1, functioning more money creation, which is paid back in real assets plus usury (interest). If all worlds’ currencies were based on real assets how could the whole word be in dept? It couldn’t. Put this way, if you owned all the gold in the world and loan some out how could you possible gain usury in gold? You couldn’t because you already own it all. Solution, print more money, bankers get richer and the working class feed them.

    Reply
  6. Pingback: UK National Debt | our working lives, then and now
  7. a. Why is debt related to GDP?
    An employees debt is not related to their employers income.
    The important factor is government income to expenditure i.e. the deficit.
    b. the ‘national debt’ should be government, business and private debt.
    That would provide a different picture, and the reason why they do not publish it.

    Reply
    • External debts is what your government borrows from other countries. GDP is what your country produces. The ratio of what you owe others and what you produce is the same as the ratio of what you earn versus the loan you have with the bank. If you borrow $1000 from the bank and you earn $100 then the ratio of debt to income is 10 (1000/100). The relationship you had between your salary and employer’s debt is not a valid one.

      Reply
  8. If almost every nation has a deficit, can’t that debt be offset to some world credit system that allows each country to pay it back, interest free, over say 100 years?
    The burden of debt on today’s world population is far too big for us to pay off in our lifetime. There is so much poverty in the world and yet we have the people, skills and materials to fix that – we just don’t have the money!
    I thought the World Bank or the IMF was there to help countries balance their budgets, but I guess they too have run out of money.
    There must be a fix for this; after all it’s just numbers in a computer.

    Reply
  9. When all countries have a national debt, a public debt,external debt, just who do they owe this debt to? if it is each other they are all in debt so borrowing from one to another makes no sense except to increase the existing debt.
    One would assume that the basis for credit creation the multiple upon a real unemcumbered deposit has disapeared and been replaced with debt upon debt, and as all new loans are new money this also means credit creation upon saturated debt, a bubble of world wide debt waiting for the pinprick.

    Reply
  10. Canada’s total public debt is in the 80%. The difference between the 34% and the 84% shown in the 2 sources is the provincial debts. Canada’s federal system is decentralized. The provinces assume now approximately 75% of health costs with little control, a bit like in the US, and with the population getting older, they make huge deficits.
    The federal Canadian government increases its debt by 5 billion $ per month as of the summer 2011. Quebec, a province representing about 22% of Canadian GDP adds 10 billion $ a year currently.
    In total, public debt increases between 5 to 6% of Canadian GDP per year at the current rhythm.

    Reply
  11. the thing is, just because germany the uk the usa and japan are more productive, they can loan more, so they are able to have a more bloated state leeching of the productive. hence im an anarchist

    Reply
  12. Greeks according to OAECD are the most hard workers within EU..they work much more than the Germans on a weekly basis…So do the Portuguese…Debt hasnt got to do with lazyness..and Yes Japan and USA have the largest debts in the world..and it doesnt surprise me at all

    Reply

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