List of G20 Countries with the Highest Debt-to-GDP Ratios in 2021

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Viva Budy Kusnandar 15/11/2022 11:00 WIB

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Several G20 members had debt-to-GDP ratios exceeding 100% in 2021.

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List of G20 Countries with the Highest Debt-to-GDP Ratios in 2021

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G20 Members' Debt-to-GDP Ratio (2021*)

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The global economic condition remains volatile and under severe pressure. Not only poor countries, but several G20 member countries have debt-to-GDP ratios exceeding their gross domestic product (GDP).

Japan is the G20 member with the highest debt-to-GDP ratio. According to Trading Economics data, Japan's debt-to-GDP ratio reached 266% of its total GDP in 2020.

The next highest debt-to-GDP ratios among G20 members belong to Italy at 151% of GDP in 2021, followed by the United States at 137% of GDP, Canada and France at 113% of GDP each.

The United Kingdom has a debt-to-GDP ratio of 95.9%, India 89.26%, the European Union 88.1%, and Argentina 80.5%.

In contrast, Russia has the lowest debt-to-GDP ratio among G20 members, at only 18.2% in 2021. This is followed by Saudi Arabia at 32.5% of GDP, Australia at 36.1% of GDP, and Indonesia at 42% of GDP.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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List of G20 Countries with the Highest Debt-to-GDP Ratios in 2021

List of G20 Countries with the Highest Debt-to-GDP Ratios in 2021

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List of G20 Countries with the Highest Debt-to-GDP Ratios in 2021

List of G20 Countries with the Highest Debt-to-GDP Ratios in 2021

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