The 20 countries with the lowest national debt in 2016 in relation to gross domestic product (GDP)

Loading statistic...
Expand statistic
National debt in relation to GDP
Macao SAR 0%
Hong Kong SAR 0.06%
Brunei Darussalam 3.4%
Afghanistan 6.75%
Solomon Islands 8.79%
Estonia 9.48%
Algeria 13.03%
Saudi Arabia 14.12%
Nigeria 14.65%
Islamic Republic of Iran 14.86%
Uzbekistan 15.08%
Botswana 16.94%
Russia 17.1%
Kuwait 18.26%
United Arab Emirates 18.97%
Equatorial Guinea 19.56%
Democratic Republic of the Congo 19.96%
Chile 20.36%
Kazakhstan 21.37%
Oman 21.82%
Complete Source Details
About This Statistic

The statistic shows the 20 countries with the lowest national debt in 2016 in relation to the gross domestic product (GDP). The data refer to the debts of the entire state, including the central government, the provinces, municipalities, local authorities and social insurance. In 2016, Russia's estimated level of national debt reached about 17.1 percent of the GDP, ranking 13th of the countries with the lowest national debt.


National debt and GDP

The debt-to-GDP ratio is an indicator of a country’s ability to produce and sell goods in order to pay back any present debts, however these countries should not retain newer debts in the process. Many economists believe that if a country is able to produce more without impairing its own economical growth, it can be considered more stable, particularly for the future. However, the listed countries, with the exception of Russia and Saudi Arabia, are not necessarily economic first-world powers. Additionally, economically powerful countries such as the United States and France maintain one of the highest debt-to-GDP ratios, signifying that occurring debt does not necessarily damage the state of the economy and is sometimes necessary in order to help develop it.

Saudi Arabia has maintained one of the lowest debt-to-GDP ratios due to its high export rates, which primarily consist of petroleum and petroleum goods. Given the significance of oil in today’s world, Saudi Arabia produces enough oil and earns enough revenue to maintain a high GDP and additionally refrain from incurring debt.

Show more…
Special Functions
Download as ...
Graphic (PNG)
Excel (XLS)
PowerPoint (PPT)
PDF
Options
Settings
Print
Research Alerts
Download started
Please be patient - this may take a moment

Statista Accounts: Access All Statistics. Starting from $708 / Year

Statistics on "U.S. public debt"

The most important statistics
The most important statistics

Related Studies: Available to Download in PDF or PPTX Format

U.S. public debt

All Information
in One Presentation

U.S. public debt

Everything On "U.S. public debt" in One Document: Edited and Divided into Handy Chapters. Including Detailed References.

Statista for Your Company: The Research and Analysis Tool

  • Product Film
  • Statistics
  • Downloads

Our Premium Statistics - facts for your business

Currently, Statista provides more than 1 million statistics. 93 percent (all Premium content) are exclusively accessible via our professional accounts.

Unlimited access

As a Statista Premium customer, you receive unlimited access to all statistics at all times. Including downloads of data in the most common formats (XLS, PDF & PNG). Create relevant and significant statistics in no time.

You are in good company

Further Content: Statistics, Studies, and Topic Pages

Our Business Solutions: Save Time and Money

only

$708*

per year
Your advantages
  • Full access to all our statistics
  • Download as XLS, PDF & PNG
  • Relevant data: complete source information
All functions of our platform illustrated face-to-face
  • Learn how Statista supports your company
  • Extensive tour across the whole portal
  • Personal guidance by our support team
The knowledge database for your company
  • All functions of the Premium Account
  • Access to dossiers, forecasts and studies
  • Access to our international database
  • Publishing rights and other exclusive functions