Top 10 countries with highest external debt

march 19, 2025

Images: Shutterstock; Source: CEIC Data

Here are 10 countries with the highest external debt as of September 2024 and their debt-to-GDP ratio.

Total Debt: 3.17 trillion
Debt-to-GDP ratio: 136.08%

10. Canada


9. Ireland

Total Debt: 3.31 trillion
Debt-to-GDP ratio: 562.93%

Total Debt: 3.93 trillion
Debt-to-GDP ratio: 4,052%

8. Luxembourg

Total Debt: 4.4 trillion
Debt-to-GDP ratio: 345.55%

7. Netherlands

Total Debt: 4.63 trillion
Debt-to-GDP ratio: 105.59%

6. Japan

Total Debt: 7.12 trillion
Debt-to-GDP ratio: 144.60%

5. Germany

Total Debt: 8.19 trillion
Debt-to-GDP ratio: 249.57%

4. France

Total Debt: 10.5 trillion
Debt-to-GDP ratio: 293.48%

3. United Kingdom

Total Debt: 18.6 trillion
Debt-to-GDP ratio: 95.87%

2. European Union

Total Debt: 25.8 trillion
Debt-to-GDP ratio: 88.45%

1. United States

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