The most indebted countries in the world

economia-japonesaIf we think of countries with debts perhaps the first thing that comes to mind are those countries that are immersed in poverty or extreme poverty, a far cry from reality, some of the most indebted countries in the world are the richest ironically.

The most indebted countries in the world

According to the latest International Monetary Fund (IMF) of GDP the most indebted countries in the world are:

1) Japan: 237%
2) Zimbabwe: 202%
3) Greece: 158%
4) Jamaica: 146%
5) Eritrea: 125%
6) Italy: 126%
7) Portugal: 122%
8) Republic of Ireland: 117%
9) Granada: 112%
10) USA: 106%
11) Iceland: 99.3%
12) Belgium: 99%
13) United Kingdom: 90.3%
14) France: 90.29%

As we see surprisingly Japan is the most indebted country in the world, we also note that in the top 14 places are only 4 countries that could be classified as poor (Zimbabwe, Jamaica, Eritrea and Granada), the others are countries called the “First World” .

The most indebted countries in Latin America

In our area there is also a considerable amount of debt. Let’s see the full list:

1) Brazil: 68%
2) Venezuela: 57%
3) Uruguay: 53%
4) El Salvador: 52.1%
5) Nicaragua: 52%
6) Argentina: 44%
7) Mexico: 43%
8) Honduras: 34.6%
9) Costa Rica: 34%
10) Bolivia: 33%
11) Colombia: 32%
12) Guatemala: 25%
13) Peru: 19%
14) Ecuador: 18%
15) Paraguay: 11.3%
16) Chile: 11.2%

Much of the debt acquired in Latin America took place in the 80s, a decade in which most Latin countries were plunged into an economic crisis. In recent years, the economy in the Latin American region has been increasing, this has meant that in 2013 the debt will stabilize at 31% of GDP, in percentage terms the debt goes from 20 to 40% of GDP.

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