Top 10 Countries with Highest Debt To GDP Ratio 2021

As the proverb goes, “Better to go to bed hungry than to wake up in debt”. Many countries resort to foreign borrowing to maintain financial liquidity and stimulate growth. But, there is, however, a well-known problem with debts: borrowing money is easier than paying it back. Today, we are going to talk about the Top 10 Countries with Highest Debt-to-GDP Ratio 2021.

The debt-to-GDP ratio is the ratio of a country’s public debt to its gross domestic product (GDP). It is often expressed as a percentage and can also be interpreted as the number of years needed to pay back debt if GDP is dedicated entirely to debt repayment. The higher the debt-to-GDP ratio, the less likely the country will pay back its debt and might have to face a financial panic in the domestic and international markets. A study by the World Bank found that if the debt-to-GDP ratio of a country exceeds 77% for an extended period, it slows economic growth. Using the most recent data estimates from the International Monetary Fund’s (IMF) World Economic Outlook (October 2020), the following is a list of high in-debt countries of the world.

Please watch the video till the end to know which Highest Debt to GDP Ratio on Top List
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