+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

The 17 countries with the highest level of government debt

Apr 3, 2016, 14:01 IST

Lidia Valentin of Spain competes in the women's 75kg weightlifting competition during the World Weightlifting Championships.Reuters

Advertisement

All eyes are back on Greece in April as the country tries to unlock more funds from international creditors to help mend its battered economy.

But despite racking up huge amounts of government debt - Greece is not the most indebted country in the world.

The World Economic Forum's Global Competitiveness Survey looks at the financial health and risks of countries around the world.

One of the most interesting and important rankings is actually the level of government debt.

Advertisement

By looking at level of gross government debt as a percentage of GDP, it can indicate how able a country is to pay back debts without incurring further debt.

Basically the lower the debt-to-GDP ratio the better.

Take a look to see who made the top 17 and who beat Greece for the top spot.

Next Article