Debt to GDP Ratio by Country Rankings in 2026: Japan leads, Singapore close behind
In 2026, Japan holds the top position with the highest debt-to-GDP ratio at 204.4%, according to the International Monetary Fund's World Economic Outlook. This indicates that Japan's debt burden is 204.4% of its annual economic output. Singapore closely follows in second place with a debt-to-GDP ratio of 171.9%, but its financial position appears more stable as its assets exceed its liabilities, resulting in a net-zero debt according to official reports.
Other countries with notably high debt-to-GDP ratios include Sudan at 169.1%, Bahrain (152.4%), and Italy (138.4%). Greece (136.9%), Senegal (132.3%), and the Maldives (129.4%) also rank among the countries with significant debt burdens. The United States stands at ninth place with a debt-to-GDP ratio of 125.8%, while Ukraine rounds out the top 10 with a ratio of 122.6%.
Written by urgent.news from The Indian Express's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
