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Mirror, Mirror, on the Wall, Which Nation Has the Most Debt of All?

Mirror, Mirror, on the Wall, Which Nation Has the Most Debt of All?

Posted on October 9, 2010 by Dan Mitchell

The Economist has a fascinating webpage that allows you to look at all the world’s nations and compare them based on various measures of government debt (and for various years).

The most economically relevant measure is public debt as a share of GDP, and you can see that the United States is not in great shape, though many nations have more accumulated red ink (especially Japan, where debt if much higher than it is in Greece).  As faithful readers of this blog already understand, the real issue is the size of government, but this site is a good indicator of nations that finance their spending in a risky fashion.

By the way, keep in mind that these figures do not include unfunded liabilities. For those who worry about debt, those are the truly shocking numbers (at least for the United States and other nations with government-run pension and health schemes).


big government debt deficits entitlements fiscal policy government spending Rankings unfunded liabilities
October 9, 2010
Dan Mitchell

Dan Mitchell

Dan Mitchell is co-founder of the Center for Freedom and Prosperity and Chairman of the Board. He is an expert in international tax competition and supply-side tax policy.

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