Debt-to-GDP Ratio in European Countries

[Magnolia]

The data is from 2017; the situation is little bit different (not much) now. A commentary on the current situation:

WHO HAS THE HIGHEST DEBT?
Who Has The Highest Debt?
by
Brigitte van de Pas,

May 25, 2018
On average, European Union countries had a gross government debt of roughly 81 percent of GDP in 2018. This average disguises real differences between EU countries. Whereas Greece had a government debt of 177.8 percent in 2018, Estonia had a debt of only 8.8 percent - the lowest in the entire EU zone.
The high Greek debt is well-known. A number of other countries however also have a debt that is higher than their own GDP. The Italian debt, for example, is lower than the Greek but still significant, at over 130 percent of GDP. Portugal, in third place, had a debt of 122.5 percent. One small positive note though: all three countries had even higher debts in 2017, and the European Commission forecasted a slow, but further decrease of their government debt in 2019. Whether this holds true for Italy, with their newly-elected government of Movimento 5 Stelle and Lega remains to be seen.

[frankhammer]

Insanity.

I checked what it was like worldwide through wiki https://en.wikipedia.org/wiki/List_o...by_public_debt Canada, 98% too.

[renaissance12]

State debt + Private debt... Who will win ?.... .

External debt is the total public (government) and private debt owed to non-residents repayable in internationally accepted currencies, goods, or services. This is gross (total) external debt. It does not measure net debt.

List of countries by external debt





List of External Debt by Country 2016

1 Luxembourg 3,443
2 Ireland 1,008
3 Iceland 999
4 United Kingdom 406
5 Sao Tome and Principe 349
6 Netherlands 344
7 Hong Kong 334
8 Belgium 266
9 Guinea-Bissau 259
10 Monaco[note 2] 240
11 Switzerland 229
12 Portugal 223
13 Burundi 202
14 Austria 200
15 Sweden 187
16 France 182
17 Denmark 180
18 Greece 174
19 Spain 167
20 Finland 155
21 Congo, Republic of the 155
22 Seychelles 147
23 Latvia 146
24 Germany 142
25 Norway 141
26 Cyprus 129
27 New Zealand 126
28 Congo, Democratic Republic of the 122
29 Hungary 115
30 Comoros 115
31 Italy 108
32 United States 106
33 Zimbabwe 103
34 Croatia 99
35 Australia 95
36 Jamaica 92
37 Laos 91
38 Bulgaria 90
39 Lebanon 88
40 Mali 88
41 Estonia 87
42 Saint Vincent and the Grenadines 85
43 Kyrgyzstan 81
44 Serbia 80
45 Lithuania 80
46 Moldova 79
47 Niger 79
48 Saint Kitts and Nevis 79
49 Belize 75
50 Dominica 75

[lutegavel]

Astounding numbers! These facts were never brought before in my university. It's always the third world countries, especially those from Asia, which are reported worldwide to have been experiencing a high debt-to-GDP ratio. Will definitely look into this further.