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To make the numbers comparable across countries of different size, government debt is measured as a percentage of a country's gross domestic product (GDP). For context on the magnitude of the debt numbers, European Union member countries have an agreement, the Stability and Growth Pact (SGP), to maintain a general government gross debt of no ...
This is a list of countries by external debt: it is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based on the country under ...
Debt (Billions): $18.36 Debt Per Person ($): $2,737.92 2019 Gross Debt/GDP (%): 68.31 Click to continue reading and see the 20 countries with the most debt per capita and the highest debt to GDP ...
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
[8] [9] By 2013, Japanese public debt exceeded one quadrillion yen (US$10.46 trillion), which was about twice the country's annual gross domestic product at that time, and already the largest debt ratio of any nation. [10] [11] [12] [13]
China is the second-largest contributor to global government debt at 16.1%. In 2024, China's debt-to-GDP ratio stood at 90.1%. Projections show that this number could reach 111.1% by 2029.
Countries by household debt, loans and debt securities as % of GDP 1980 to 2022 [1] Country 2022 2021 ... IIF Household debt (% of GDP) [2] Country Q3 2019 Q3 2018
A surprising list of countries owe more than their GDP. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail. Sign in ...