Top 10 Countries with the Least Debt in the World

7. Estonia

Debt to GDP Ratio: 9.7%

The Eastern European country, bordering Latvia and Russia is ranked second in our list of the 10 countries with the least debt in the world. The country’s territory covers over 45,000 square miles, while the population numbers hit just 1.2 million.

With an estimated GDP of $38.45 billion in 2016, Estonia’s debt barely hits 9.7% of the GDP, slightly lower than in the previous year.

Estonia has been a member of the European Union since 2014, and even joined the eurozone in 2011. The country’s economy is known as one to provide one of the highest per capita income levels in Central Europe. However, the country’s economy is dependent on trade, which makes it vulnerable to the political and economic issues of its partners. Mostly, Estonia trades with Finland, Sweden, Germany, and Russia.

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