10 Countries with the Highest Debt to GDP Ratios

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5. Greece

Debt to GDP Ratio: 171%

Greece has one of the highest government debts as a percentage of Gross Domestic Product. The country’s debt to GDP ratio began skyrocketing in the financial crisis of 2008, deteriorating further due to structural economic weaknesses and lack of flexibility in their monetary policy. However, recent years have seen primary balances improve, and debt to GDP is projected to decrease to 140% in 2024.

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