Top 15 Countries with the Most Debt (Private Debt and Public Debt) 1960-2018

Top 15 Countries from 1960 to 2018 based on total debt to GDP ratio (%) and total debt in billions USD.

Total debt=Private debt + Public debt

Public debt: the gross debt and aims at covering all debt instruments owed by the general and/or central government. These include: (i) loans; (ii) debt securities; (iii) currency and deposits; (iv) insurance, pension, and standardized guarantee schemes; (v) other accounts payable; and (vi) and special drawing rights.

Private debt: debt liabilities issued by households and nonfinancial corporations, including all debt instruments, such as loans and debt securities.

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Reference: IMF and World Bank

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