Japan has the world's highest debt-to-GDP ratio. According to TradingEconomics data, the debt-to-GDP ratio of the Land of the Rising Sun reaches 238% of its Gross Domestic Product (GDP).
Greece has the second-highest debt-to-GDP ratio at 176% of GDP. Lebanon is ranked third with a debt-to-GDP ratio of 149%. It's not only small countries that have large debts. Japan, Singapore, and the United States (US) all have debt-to-GDP ratios exceeding 100%. Meanwhile, Indonesia's government debt is only 29.8% of GDP, significantly lower than these countries.
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