5 Most Indebted Countries by Continent

For each continent, can you name the countries with the highest Debt to GDP ratio?

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Last updated: June 23, 2025

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Asia
Country	External Debt	Debt to GDP Ratio
Lebanon	$70,800,000,000	357.7%
Japan	$10,900,000,000,000	256.3%
Singapore	$888,000,000,000	174.8%
Bahrain	$56,800,000,000	123.3%
Maldives	$7,400,000,000	120.1%

Africa
Country	External Debt	Debt to GDP Ratio
Sudan	$66,600,000,000	189.6%
Eritrea	$3,800,000,000	179.7%
Cabo Verde	$2,900,000,000	124%
Zambia	$29,000,000,000	99.5%
Republic of the Congo	$14,000,000,000	99%

Europe
Country	External Debt	Debt to GDP Ratio
Greece	$402,000,000	163.9%
Italy	$3,100,000,000,000	134.8%
France	$3,400,000,000,000	109.9%
Spain	$1,700,000,000,000	105.1%
Belgium	$665,000,000,000	103.1%

South America
Country	External Debt	Debt to GDP Ratio
Argentina	$1,000,000,000,000	155.4%
Venezuela	$30,100,000,000	133.6%
Suriname	$4,200,000,000	116.9%
Brazil	$1,800,000,000,000	84.7%
Bolivia	$35,500,000,000	80.1%

North America
Country	External Debt	Debt to GDP Ratio
United States	$32,900,000,000,000	118.7%
Barbados	$7,600,000,000	110.8%
Canada	$2,300,000,000,000	107.5%
Dominica	$655,000,000	96.5%
Saint Vincent and the Grenadines	$944,000,000	87.1%

Oceania
Country	External Debt	Debt to GDP Ratio
Palau	$228,000,000	80.9%
Australia	$867,000,000,000	50.3%
Papua New Guinea	$15,300,000,000	48.3%
New Zealand	$113,800,000,000	45.8%
Vanuatu	$462,000,000	44.5%