10 Countries with the Lowest Debt to GDP Ratios

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5. Turkmenistan

Debt to GDP ratio: 8

Turkmenistan lies in a strategic position between China, Russia, and Europe. The country holds the fourth-largest natural gas reserves in the world. It has healthy public accounts and an overall low level of debt. 2023 is expected to be a period of growth for the country. However, the country is highly dependent on hydrocarbons, accounting for 60% of exports in 2021.

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