The world economy is going through a more difficult phase in 2025 than before. The latest report of the International Monetary Fund shows that the debt of governments is continuously increasing globally and this danger may deepen in the coming years. According to the IMF, by 2030 the world’s total public debt could be almost equal to the global GDP, which is a sign of great concern for any economy.
In this report, IMF has also released the list of those countries which have the highest debt compared to their economic capacity. This list is based on the ratio of GDP, which shows how heavy the debt burden of a country is compared to its economy.
Japan is the world’s most indebted country
Japan is again at first place in the IMF report. Its economy is definitely developed, but the debt burden has increased so rapidly that it has now reached close to two and a half times its GDP. Japan’s aging population, increasing expenditure on health facilities and slow economic growth are considered to be the main reasons behind this situation. Japan’s total debt is 1,080.1 billion dollars.
Sudan conflicts shatter economy
In second place is Sudan, where continuous conflict, political instability and a broken system have further increased the financial crisis. Due to war and economic chaos, the debt burden on the government increased rapidly and it became one of the most indebted countries in the world. Sudan has 221.5 percent debt.
Singapore is a rich country, but heavily indebted
Singapore, which is in third place, is economically strong, but a large part of the debt here is related to investment. The government raises funds through its long-term projects and bonds, which is why its debt rate compared to GDP appears very high, which is 175.6 percent of GDP.
Greece is still suffering from the old recession
Greece’s financial crisis in Europe is still not over. Since the recession of 2010, Greece has been continuously trying for economic reform, but due to lack of balance between expenditure and development, it is still included in the high category of debt. Greece has 147.7 percent debt.
Bahrain oil dependence and declining income
This small country in the Middle East has been dependent on oil for revenue. As global oil prices fell, Bahrain’s financial health weakened and debt began to grow rapidly. This is the reason why it reached the top in the list of global debtor countries. Bahrain has a debt of 142.5 percent of total GDP.
Italy slow economy and increasing burden
Italy, one of the major economies of Europe, has been facing slow pace of development for years. The impact of challenges on the employment, industry and investment fronts is visible on its financial condition and debt is eating up a large part of its GDP, which is 136.8 percent.
Maldives tourism crisis worsens the situation
The economy of Maldives, famous for its marine beauty, is based on tourism and the decline in this sector has pushed the country towards debt. It also had to continuously take external loans for development projects. Maldives has a debt of 131.8 percent of GDP.
America is the world’s largest economy, but troubled by debt
The United States has a huge economy, but debt has increased rapidly due to government spending and political differences. America’s debt has become equal to a large part of its GDP and this is also considered a matter of concern for the world economy. The US government has a debt of 125 percent of the total GDP.
The huge cost of Senegal’s development plans
The African country Senegal wants to develop rapidly, but big projects and external borrowings have weakened its economic health. For this reason, Senegal has also started being counted among the countries with heavy debt. Currently, Senegal has a debt of 122.9 percent of total GDP.
France high public spending and low growth
France’s position among the big countries of the European Union is also not very strong. Due to huge expenditure on health, social security and other schemes, its financial position has come under pressure, while due to slow growth rate, debt has continued to increase. According to IMF, France has a debt of 116 percent of total GDP.
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