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© 2026 CountryRank. Data may not reflect the latest updates.

  1. Home
  2. >Rankings
  3. >Economy
  4. >Government Debt (% of GDP)

As of 2024, Kuwait leads the world in Government Debt (% of GDP) with 2.9%, followed by Hong Kong (9.2%) and Russia (20.3%). The global ranking includes 114 countries with available data.

Source: IMF WEOLatest: 2024World avg: 60.3%Watch Race →

Countries Ranked by Government Debt (% of GDP)

General government gross debt as percentage of GDP

Top 10 Countries

114 countries
Sort by:
#1
Kuwait flagKuwait
2.9%2024
#1Kuwait flag
Kuwait
2024
2.9%
#2
Hong Kong flagHong Kong
9.2%2024
#2Hong Kong flag
Hong Kong
2024
9.2%
#3
Russia flagRussia
20.3%2024
#3Russia flag
Russia
2024
20.3%
#4
Estonia flagEstonia
23.4%2024
#4Estonia flag
Estonia
2024
23.4%
#5
Turkey flagTurkey
24.0%2024
#5Turkey flag
Turkey
2024
24.0%
#6
Bulgaria flagBulgaria
24.1%2024
#6Bulgaria flag
Bulgaria
2024
24.1%
#7
Kazakhstan flagKazakhstan
24.4%2024
#7Kazakhstan flag
Kazakhstan
2024
24.4%
#8
Cambodia flagCambodia
25.9%2024
#8Cambodia flag
Cambodia
2024
25.9%
#9
Saudi Arabia flagSaudi Arabia
26.2%2024
#9Saudi Arabia flag
Saudi Arabia
2024
26.2%
#10
Luxembourg flagLuxembourg
26.3%2024
#10Luxembourg flag
Luxembourg
2024
26.3%
#11
Taiwan flagTaiwan
26.3%2024
#11Taiwan flag
Taiwan
2024
26.3%
#12
Guatemala flagGuatemala
26.3%2024
#12Guatemala flag
Guatemala
2024
26.3%
#13
Bosnia and Herzegovina flagBosnia and Herzegovina
29.5%2024
#13Bosnia and Herzegovina flag
Bosnia and Herzegovina
2024
29.5%
#14
Botswana flagBotswana
29.9%2024
#14Botswana flag
Botswana
2024
29.9%
#15
Vietnam flagVietnam
31.3%2024
#15Vietnam flag
Vietnam
2024
31.3%
#16
Denmark flagDenmark
31.5%2024
#16Denmark flag
Denmark
2024
31.5%
#17
Peru flagPeru
32.2%2024
#17Peru flag
Peru
2024
32.2%
#18
Uzbekistan flagUzbekistan
32.7%2024
#18Uzbekistan flag
Uzbekistan
2024
32.7%
#19
Ethiopia flagEthiopia
32.7%2024
#19Ethiopia flag
Ethiopia
2024
32.7%
#20
Sweden flagSweden
33.0%2024
#20Sweden flag
Sweden
2024
33.0%
#21
Iran flagIran
34.0%2024
#21Iran flag
Iran
2024
34.0%
#22
United Arab Emirates flagUnited Arab Emirates
34.9%2024
#22United Arab Emirates flag
United Arab Emirates
2024
34.9%
#23
Oman flagOman
35.5%2024
#23Oman flag
Oman
2024
35.5%
#24
Georgia flagGeorgia
36.1%2024
#24Georgia flag
Georgia
2024
36.1%
#25
Switzerland flagSwitzerland
37.5%2024
#25Switzerland flag
Switzerland
2024
37.5%
#26
Lithuania flagLithuania
38.2%2024
#26Lithuania flag
Lithuania
2024
38.2%
#27
Ireland flagIreland
38.8%2024
#27Ireland flag
Ireland
2024
38.8%
#28
Nicaragua flagNicaragua
39.1%2024
#28Nicaragua flag
Nicaragua
2024
39.1%
#29
Nigeria flagNigeria
39.3%2024
#29Nigeria flag
Nigeria
2024
39.3%
#30
Indonesia flagIndonesia
40.2%2024
#30Indonesia flag
Indonesia
2024
40.2%
#31
Bangladesh flagBangladesh
41.0%2024
#31Bangladesh flag
Bangladesh
2024
41.0%
#32
Qatar flagQatar
41.2%2024
#32Qatar flag
Qatar
2024
41.2%
#33
Chile flagChile
41.7%2024
#33Chile flag
Chile
2024
41.7%
#34
Norway flagNorway
42.7%2024
#34Norway flag
Norway
2024
42.7%
#35
Czechia flagCzechia
43.3%2024
#35Czechia flag
Czechia
2024
43.3%
#36
Netherlands flagNetherlands
43.8%2024
#36Netherlands flag
Netherlands
2024
43.8%
#37
Mongolia flagMongolia
44.1%2024
#37Mongolia flag
Mongolia
2024
44.1%
#38
Serbia flagSerbia
44.5%2024
#38Serbia flag
Serbia
2024
44.5%
#39
Paraguay flagParaguay
44.8%2024
#39Paraguay flag
Paraguay
2024
44.8%
#40
Malta flagMalta
46.2%2024
#40Malta flag
Malta
2024
46.2%
#41
Latvia flagLatvia
46.8%2024
#41Latvia flag
Latvia
2024
46.8%
#42
Honduras flagHonduras
47.1%2024
#42Honduras flag
Honduras
2024
47.1%
#43
Nepal flagNepal
48.3%2024
#43Nepal flag
Nepal
2024
48.3%
#44
South Korea flagSouth Korea
49.8%2024
#44South Korea flag
South Korea
2024
49.8%
#45
Tanzania flagTanzania
49.9%2024
#45Tanzania flag
Tanzania
2024
49.9%
#46
New Zealand flagNew Zealand
50.2%2024
#46New Zealand flag
New Zealand
2024
50.2%
#47
Australia flagAustralia
50.7%2024
#47Australia flag
Australia
2024
50.7%
#48
Uganda flagUganda
51.5%2024
#48Uganda flag
Uganda
2024
51.5%
#49
Ecuador flagEcuador
53.8%2024
#49Ecuador flag
Ecuador
2024
53.8%
#50
North Macedonia flagNorth Macedonia
54.8%2024
#50North Macedonia flag
North Macedonia
2024
54.8%
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Related Rankings

GDP (Nominal)GDP (PPP)GDP per CapitaGDP GrowthUnemployment RateInflation (CPI)
Compare#1 Kuwaitvs#2 Hong Kong