Countries Drowning in Debt Right Now

Global debt is reaching alarming levels, with several nations facing financial collapse due to unsustainable borrowing, inflation, and slow economic growth

Japan Japan holds the world’s highest debt-to-GDP ratio—over 260%. Despite its strong economy, decades of borrowing have created a debt trap

Greece Although recovering, Greece still struggles under a massive debt burden of over 160% of GDP after years of financial crises and bailouts

Italy Italy’s public debt is over 140% of its GDP, making it one of Europe’s most vulnerable economies despite being a G7 nation

Lebanon Lebanon is in deep economic collapse, with over 150% debt-to-GDP and a currency crisis that has pushed most of the population into poverty

Sudan With internal conflict and economic instability, Sudan is burdened with heavy external debt and limited capacity to repay or restructure it

Sri Lanka Sri Lanka defaulted on its debt in 2022, facing high inflation and a balance-of-payments crisis due to excessive borrowing and mismanagement

Venezuela Hyperinflation and years of economic misrule have left Venezuela in default and isolated, with a debt crisis that seems unsolvable

Argentina Argentina has defaulted multiple times and remains in a debt spiral, struggling with inflation and IMF loans to stabilize its economy

United States While still the world’s largest economy, the U.S. has a debt exceeding $34 trillion, raising global concern about its long-term fiscal path