According to World Statistics based on the IMF report, the list of the most indebted countries for 2022 ranks nations based on their debt as a percentage of their GDP. Here’s the detailed list:
1. Japan: Japan tops the list with debt amounting to 216% of its GDP.
2. Greece: Greece follows with debt at 203% of its GDP, which is double the country’s total GDP.
3. United Kingdom: The UK is third, with debt reaching 142% of its GDP.
4. Lebanon: Lebanon’s debt stands at 128% of its GDP. This country is also grappling with severe war-related crises.
5. Spain: Spain has a debt that is 111% of its GDP. The country has been struggling with economic difficulties following the Russia-Ukraine war and the COVID-19 pandemic.
6. United States: The US is notable on this list with debt equal to 110% of its GDP. This is surprising given its status as one of the wealthiest nations.
India: India has a debt that is 46% of its GDP. Despite this relatively lower percentage, India is the fastest-growing country in terms of debt increase.
This data highlights the significant debt challenges faced by various countries, with Japan and Greece being the most heavily indebted relative to their GDP. India’s debt levels are comparatively lower, but its rapid growth in debt is noteworthy.
