10 Countries with the Highest Debt to GDP Ratios

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7. Singapore

Debt to GDP Ratio: 160%

Singapore’s debt levels stand at $560 billion, and its debt-to-GDP ratio is approximately 160%. This debt is largely fiscally sustainable, considering it comprises Singaporean government securities and savings bonds not used for spending. Borrowing proceeds are invested, which means the country has strong assets and zero net debt.

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