Top 10 Countries With Most Debt 2022 (Latest Updated List)

I will tell you about the top 10 countries in the world which have the highest debt. Who are immersed in too much lending. How much debt do these countries have? What is their GDP? How much debt is owed to each citizen in that country? If you want to know all that, then you read it completely.

10. Canada

Canada is one of the developed countries of the world. If we talk about the population of Canada, then the population of Canada is 37 million, which is very less.

For this reason, Canada's GDP is 1.92 Trillion US Dollars. Nevertheless, Canada has a debt of 2.12 Trillion US Dollars. Which is 107% of their total GDP. That is, Canada has taken double debt from their GDP and if we talk about per capita debt, then every citizen of Canada has a debt of 52,300 US Dollars.

9. Spain

After this, Spain is the country of Europe. It is a small country in terms of area, but it has a population of more than 60 million. Spain has the largest tourism industry.  

Other things that contribute to Spain's economy are mainly production, agriculture and electricity. If we talk about Spain's total GDP, then Spain's GDP is 1.39 Trillion US Dollars. But this country has taken a foreign debt of 2.36 Trillion US Dollars. Which is 164% of their GDP. That is, Spain has taken about 4 times foreign debt from its GDP and if we talk about per capita debt, then every citizen of Spain has 49,400 US Dollars.

8. Italy

Italy is at number 8th in our list. Italy is also an ancient country in Europe and Italy is not very big in terms of area. But the population is more. Italy has a population of over 60 million. Italy's total GDP is about 2 Trillion US Dollars. This is not a small amount. 2 Trillion means 200,000 Million Dollars. 

Yet so much has taken the total debt of 2.1 Trillion US Dollars in foreign debt. Which is 134% of their GDP and 50,100 US Dollar per every citizen of Italy. Italy's nominal GDP growth rate is 4.15%.

7. Luxembourg

Luxembourg is at number 7th. A small country belongs to Europe and has the same population as that of this country. The total population of Luxembourg is 3 lakh 30 thousand with a world population rank of 168. Despite being small, the GDP of this country is 70 Billion US Dollars. 

But in this country too much foreign tax has been taken. Total debt on this country is 3.94 Trillion US Dollars. Which is 533% of their GDP. In terms of per capita income of 125,923 US Dollar, it ranks 1st in the world. 

6. Netherlands

The Netherlands is also a beautiful country in Europe. Area-wise, but the population is very small. The population of this country is around 17 million.The total GDP of this country is about 914 Billion US Dollars, but this country has taken foreign debt of about 4.13 Trillion US Dollars. That is, 451% percent of their GDP. Due to this, the people of this country also have foreign debt.

Actually in the Netherlands with the last -5.0% GDP has come down drastically and IMF i.e. International Monetary Fund. 

5. Japan

The 5th country is Japan. You must have been surprised to hear the name of Japan because even the most developed country in the world of technology, Japan is not free from foreign debt. Japan is small in terms of area but the population is very high. 

Japan has a population of more than 120 million. Japan's total GDP is 5.13 Trillion US Dollars. Which is quite big. Nevertheless, Japan has taken a foreign debt of 4.70 Trillion US Dollars. Which is 86% of their GDP and Japan takes the maximum debt from the US only. Whenever we talk about technology, the first name that comes to our mind is Japan. Japan has earned a lot of name in the technical field of the whole world by continuously inventing new technology. 

4. Germany

Germany was the country of Europe at number 4th. Mercedes, Audi, Adidas are such big companies from Germany. This country of Europe is larger and more populous in terms of the Germany area. The total GDP of Germany with a total population of 830 million is 3.8 Trillion US Dollars and foreign tax even more than that, Germany has taken the total foreign debt of 5.73 Trillion US Dollars. Which is 148% of their GDP, so every German citizen has a debt of 69,000 US Dollars.

Germany is the fourth largest economy in the world. A large part of Germany's GDP comes through production. For this, Germany will have to repair its Manufacturing Industry. Germany is officially called the Federal Republic of Germany by Germany. 

3. France

If you have noticed by now, then you must have come to know that the country taking the highest foreign debt is a developed country and Europe's country France is also one of them. France, with a population of 6 million, has a GDP of about 2.71 Trillion US Dollars, and when it comes to foreign debt, France has taken 6.65 Trillion US Dollars.  Which is 245% of their GDP. Because of this France has a debt of 88,000 US Dollars on every france citizen.

France's economy is the 7th largest economy in the world and in the last years France has also increased its GDP capita quite rapidly. France was rated 0.901 in the United Nations Human Development Index in 2017 which is quite impressive.

2. United Kingdom

The British, who once ruled the whole world, are also in debt. Large in terms of area but well-populated. The population of the UK is 68 million. Their total GDP is 2.75 Trillion US Dollars. But the UK has taken a foreign debt of 8.61 Trillion US Dollars.

Which is 313% of their GDP. Because of this, the people of this country have an average debt of 127,000 US Dollars. 

1. United States Of America

The United States of America is the last country with the most debt in the world.  America, the world's largest economy, the world's most powerful country, is also at the forefront of borrowing. 

In terms of area, the population is very large and the total population of America is 32 crores and the total GDP of America is also 22.32 Trillion US Dollars. But still the US has taken a debt of 25.4 Trillion US Dollars. Which is 114% of their GDP. For this reason, every American citizen has a debt of 26,000 US Dollars. The income of the United States Government is primarily on tax. America is far ahead in the countries doing business and it is also visible from the tax system of America.

So, these are the top 10 countries with the highest debt in the world. I hope you know something interesting and enjoy it.