1. Brunei (GDP: 2.46%) Brunei is one of the countries with the lowest debt. It has a debt to GDP ratio of 2.46 percent among a population of 439,000 people, which makes it the worlds country with the lowest debt.
What country is #1 in debt?
Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. Japans national debt currently sits at ¥1,028 trillion ($9.087 trillion USD).
Is Singapore a debt free country?
The Singapore government has maintained zero foreign debt since 1995. As for domestic debt, the total outstanding government borrowing was S$496 billion as of the third quarter of 2017, which comprises of registered stocks and bonds, treasury bills and advance deposits.
Why is SG debt so high?
The answer is that the Singapore government does not borrow to fund running the country. Instead, it borrows for specific infrastructure projects. Thus, the debts that the Singaporean government carries are matched by assets of equal or greater value.
Who has more debt Canada or USA?
While both countries are in the list of top ten economies in the world in 2018, the US is the largest economy in the world, with US$20.4 trillion, with Canada ranking tenth at US$1.8 trillion. Canadas 2017 debt-to-GDP ratio was 89.7%, compared to the United States at 107.8%.