Top 10 Countries with the Least Debt in the World

5. Gibraltar

Debt of GDP: 7.5%

In the Southwestern area of Europe, bordering the Strait of Gibraltar you’ll find the same-named country. The tiny nation barely covers some 6.5 square kilometers in size, and has just under 30,000 citizens.

Gibraltar is an overseas territory of the United Kingdom, but it is self-sufficient, its economy depending on shipping trade, offshore banking and more. Foreign investments are lured in with the low tax rates practiced here.

The country’s GDP was estimated at just over $2 billion in 2018, while its debt was quite low, although that number was estimated at the 2008 GDP level.

Pixabay/Public Domain