Countries With The Most Debt 2020

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How To Start Your Own Business In Canada

The amount of debt amassed by countries around the world has sharply increased in recent years, reaching $164 trillion worldwide in 2016, according to the International Monetary Fund. The following are With Countries With The Most Debt 2020

The data from the Organization for Economic Cooperation and Development dom, a grouping of generally high-income countries dedicated to democracy and market economies, tracks government debt as a ratio to each country’s gross domestic product, or GDP, for its 36 member countries.

The ratio, says the OECD, is an indicator of a country’s economic health. The OECD data does not reflect recent policy measures, such as the impact tax reductions will have on a country’s overall debt. The following are With Countries With The Most Debt 2020

 

Here Are Countries With The Most Debt 2020

 

10. Canada

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Canada

Canada’s GDP figure in 2019 was $1.74 Trillion, placing Canada in the top 10th out of 196 countries.

Debt-to-GDP ratio: 114 percent
The 2019 GDP: $1.7 Trillion USD

 

9. Spain

Barcelona, Spain
Spain

Spain’s GDP figure in the first quarter of 2020 was $270,748 Billion, Spain is number 13 in the ranking of quarterly GDP of the 50 countries.

Debt-to-GDP ratio: 114 percent
The 2019 GDP: $1.39 Trillion USD

 

8. United Kingdom

London
United Kingdom

The U.K’s GDP figure in 2019 was $2.82 Trillion, granting the United Kingdom placed 5th in the ranking of GDP of the 196 countries.

Debt-to-GDP ratio: 119 percent
The 2019 GDP: $2.8 Trillion USD

 

7. France

University of France
France

France’s GDP figure in 2019 was $2.87 Trillion, placing France 6th in the ranking of GDP of the 196 countries.

Debt-to-GDP ratio: 123 percent
The 2019 GDP: $2.8 Trillion USD

 

6. United States

Washington, D.C
United States

The United States GDP figure in 2019 was $21.53 Trillion, the United States is the world’s leading economy with regards to GDP, as can be seen in the ranking of GDP of the 196 countries.

Debt-to-GDP ratio: 127 percent
The 2019 GDP: $21.53 Trillion USD

 

5. Belgium

Belgium
Belgium

Belgium’s GDP figure in 2019 was $530.23 Billion, Belgium is number 24 in the ranking of GDP of the 196 countries.

Debt-to-GDP ratio: 128 percent
The 2019 GDP: $530.23 Billion USD

 

4.Portugal

Portugal
Portugal

Portugal’s GDP figure in 2019 was $237.67 Billion, Portugal is number 48 in the ranking of GDP of the 196 countries.

Debt-to-GDP ratio: 146 percent
The 2019 GDP: $237.67 Billion USD

 

3. Italy

Rome Italy
Italy

Italy’s GDP figure in 2019 was $2.084 Trillion, leaving Italy placed 8th in the ranking of GDP of the 196 countries.

Debt-to-GDP ratio: 156 percent
The 2019 GDP: $2.084 Trillion USD

 

2. Greece

Crete, Greece
Greece

Greece’s GDP figure in 2019 was $209.85 Billion. Greece is number 52 in the ranking of the GDP of the 196 countries.

Debt-to-GDP ratio: 188percent
The 2019 GDP: $209.85 Billion USD

 

1. Japan

Japan
Japan

Japanese GDP figure in 2019 was $4.97 Trillion, Placing Japan 3th in the ranking of GDP of the 196 countries.

Debt-to-GDP ratio: 235percent
The 2019 GDP: $4.97 Trillion USD

 

Countries With The Most Debt 2020 Source: | U.S News | OECD