World

08.12.2025

Top Indebted Countries by Debt-to-GDP Ratio

Illustration for: Top Indebted Countries by Debt-to-GDP Ratio

These countries top the global list of the most indebted in terms of debt-to-GDP ratio. However, the reasons differ entirely from one country to another. Some are suffering from catastrophic economic collapse, others follow a deliberate strategic debt policy, and some are victims of wars and disasters.