Brunei has the lowest government debt

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Georgian government debt to GDP in 2014-2023 Source: International Monetary Fund Countries with the highest government debt According to the IMF, Sudan has the highest government debt in the world, with a government debt of 317% of GDP. Japan is in second place, with a debt of 252% of GDP. Greece is in third place, with a government debt of 169% of GDP. The United States has the highest government debt in nominal terms, at $33 trillion.


Of Georgia's neighbors, Armenia has the highest government pakistan mobile database debt, at 50.5% of GDP. Turkey is next with 28.9% of GDP. Russia's government debt is 19.7% of GDP, and Azerbaijan's is 18.4% of GDP. in the world at 2.3% of GDP. Kuwait comes next with 3.2% of GDP and Turkmenistan with 4.7% of GDP.


Low debt is mainly found in countries rich in natural resources. Georgia ranks 108th among the countries in the world in terms of the ratio of the country's budget deficit to gross domestic product. Methodology When a country's budget has more expenses than revenues, the budget is in deficit and the government borrows money to cover the expenses. Since a deficit increases the country's public debt and, in addition, causes other macroeconomic problems, its existence is undesirable.