Serving without debts does not sound as impossible to just Kenya but different nations.As of December 2019, the nation with the highest debt-to-GDP ratio is Japan, with a ratio of 237%. In 1992, Japans's Nikkei (stock market) crashed.Hong Kong is considered debt free with —0.1%. Hong Kong's market-driven economy is characterised by a lucrative financial banking sector, well-regulated financial controls, large foreign exchange reserves, and virtually no public debt.
There are many different equations used to determine how economically sound a nation is, and one of these calculations is the debt-to-GDP ratio. This ratio measures a country's government debt compared to its gross domestic product (GDP).
Below is a list of nations toping in debts worldwide showing the percentage of their debts.
1.Japan 237.00% with a population of 126,050,804
2.Greece 177.00% with a population of 10,370,744
3.Lebanon 151.00% with a population of 6,769,146
4.Italy 135.00% with a population of 60,367,477
5.Singapore 126.00% with a population of 5,896,686
6.Cape Verde 125.00% with population of 561,898
7.Portugal 117.00% with a population of 10,167,925
8.Angola 111.00% with a population of 33,933,610
9.Mozambique 109.00% with a population of 32,163,047
10.United States 107.00% with a population of 332,915,073
11.Djibouti 104.00% with a population of 1,002,187
12.Jamaica 103.00% with a population of 2,973,463
13. Belgium 98.60% with a population of 11,632,326
14.DR Congo 98.50% with a population of 92,377,993
15.France 98.10% with a population of 65,426,179
Content created and supplied by: Shen K (via Opera News )
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