Government Debt ranking

💰 Government Debt ranking

The General Government Debt ranking compares countries based on their year-over-year percentage change in debt as a share of GDP. Countries with the largest reductions in debt relative to GDP are ranked higher, highlighting progress in improving fiscal responsibility and reducing economic burdens.

Rank	Country	2022 Value	2023 Value	% Change
1	🥇 Mongolia	64.49	46.79	-27.44%
2	🥈 Turkmenistan	5.77	4.67	-19.17%
3	🥉 Ethiopia	46.92	38.74	-17.44%
4	Micronesia	14.57	12.42	-14.76%
5	Montenegro	70.55	61.50	-12.83%
6	Portugal	112.42	99.08	-11.86%
7	Kiribati	13.30	11.72	-11.85%
8	Honduras	46.97	41.98	-10.61%
9	Switzerland	37.19	33.32	-10.43%
10	Cyprus	85.60	77.41	-9.56%
11	Colombia	60.06	54.32	-9.56%
12	Venezuela (Bolivarian Republic of)	160.67	146.26	-8.97%
13	Albania	65.55	59.81	-8.75%
14	Serbia	53.50	48.91	-8.57%
15	Iceland	67.36	62.24	-7.60%
16	Nauru	21.72	20.11	-7.44%
17	Saint Kitts and Nevis	60.20	55.93	-7.09%
18	Croatia	67.78	63.02	-7.03%
19	Netherlands	48.35	45.02	-6.89%
20	Nicaragua	44.64	41.68	-6.63%
21	Greece	179.59	168.87	-5.97%
22	Marshall Islands	19.81	18.67	-5.75%
23	Turkey	30.80	29.26	-5.00%
24	Tajikistan	32.50	30.93	-4.82%
25	Kyrgyzstan	46.82	44.72	-4.50%
26	Slovenia	72.48	69.22	-4.49%
27	Mauritius	86.76	82.90	-4.45%
28	Spain	109.40	105.03	-3.99%
29	Germany	64.79	62.66	-3.29%
30	Hungary	71.58	69.44	-2.99%
31	Costa Rica	63.50	61.60	-2.99%
32	Slovakia	57.74	56.05	-2.94%
33	Japan	256.30	249.67	-2.59%
34	Italy	138.35	134.79	-2.57%
35	Australia	50.26	49.01	-2.50%
36	Panama	53.68	52.39	-2.41%
37	Malta	51.63	50.40	-2.38%
38	Peru	31.85	31.17	-2.13%
39	Philippines	57.39	56.47	-1.60%
40	Belarus	41.30	40.72	-1.40%
41	Indonesia	40.14	39.60	-1.35%
42	France	111.95	110.64	-1.17%
43	Austria	78.41	77.55	-1.10%
44	Viet Nam	34.74	34.37	-1.06%
45	Bulgaria	33.11	32.92	-0.58%
46	Czechia	42.52	42.38	-0.34%
47	Denmark	29.70	29.66	-0.12%
48	Canada	107.37	107.50	0.12%
49	Democratic Republic of the Congo	14.35	14.37	0.12%
50	Ireland	43.14	43.27	0.30%
51	Lithuania	38.03	38.29	0.67%
52	United Kingdom	100.43	101.15	0.71%
53	Poland	49.20	49.59	0.80%
54	Belgium	104.28	105.17	0.85%
55	Brazil	83.94	84.68	0.88%
56	Moldova	34.90	35.31	1.16%
57	United Arab Emirates)	32.06	32.44	1.18%
58	El Salvador	83.35	84.68	1.60%
59	India	81.68	83.02	1.64%
60	Thailand	53.74	54.73	1.85%
61	United States	120.44	123.01	2.14%
62	Israel	60.49	61.94	2.39%
63	Cambodia	25.04	25.73	2.74%
64	Romania	47.49	48.85	2.87%
65	Saint Vincent and the Grenadines	84.66	87.14	2.93%
66	Luxembourg	24.73	25.67	3.78%
67	Bosnia and Herzegovina	31.01	32.22	3.88%
68	Finland	73.94	77.03	4.17%
69	Chile	37.80	39.41	4.28%
70	Latvia	41.78	43.57	4.29%
71	Tanzania	44.85	46.87	4.50%
72	Russian Federation	18.51	19.55	5.60%
73	Estonia	18.27	19.31	5.71%
74	Republic of North Macedonia	51.56	54.50	5.72%
75	Ukraine	77.72	82.33	5.93%
76	Uzbekistan	30.53	32.51	6.50%
77	Malaysia	65.50	69.76	6.51%
78	Sweden	33.75	36.37	7.76%
79	Egypt	88.53	95.93	8.35%
80	China	77.39	84.38	9.03%
81	Nigeria	39.70	46.41	16.89%
82	Norway	36.27	44.00	21.32%
83	Yemen	65.84	81.21	23.35%