Pakistan is facing a severe economic crisis. Food and drink are getting harder for people to get to, but did you know that Pakistan and Sri Lanka have some of the highest debts in the world? Today we will talk about the top 10 countries in the world. Many countries from Africa to Europe are included in this list. You might be surprised to see the name of the country appearing in the first number on this list. Let’s take a little bit of general knowledge as well.
Japan
Japan is the world’s largest borrower country when compared by GDP. Yes, the total debt of this country is her $9.87 trillion. Comparing this debt to Japan’s GDP, it is about 237%. If Japan’s GDP is 100 rupees, Japan’s debt can be understood in simple terms of 237 rupees.
Greece
Greece is second in terms of debt. The country’s total debt is her US$379 billion, which is 177% of GDP.
Lebanon
Lebanon ranks third on the list of the world’s most indebted countries. The country is located in the Middle East and the country’s total debt is her US$96.7 billion and this debt is equivalent to 151% of the country’s GDP.
Italy
Italy ranks fourth in terms of debt. This beautiful country in Europe is heavily in debt. The country has her total debt of $2.48 trillion, which is her 135% of the country’s GDP.
Singapore
Singapore, a country in the southeast that I have always dreamed of visiting. This country is $1.7 trillion in debt. 5th place in debt ranking. This debt is 126% of GDP.
Cape Verde
The African island nation ranks sixth in the list of the world’s highest borrowers.The name of this country is Cape Verde. The country’s debt is her $2.51 billion, or her 125% of GDP.
Portugal
Another European country is included in the top ten list of borrowers. The name of this country is Portugal. The country occupies the seventh position in terms of receiving loans. The country has her $254 billion in debt, which is her 117% of the country’s GDP.
Angola
Many African countries are stuck in debt bondage. In this regard, Angola occupies her eighth position in the world. The country’s debt is her $64.963 billion, or 111% of GDP.
Bhutan
You should also know about Bhutan. This neighbor of India ranks ninth in the world in terms of receiving loans. The country’s debt is $2.33 billion, which is 110% of the country’s GDP.
