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Countries Without Debt 2024

  • Country-level international debt is made up of two major components: public debt, which is the debt owed to foreign creditors by the country's government, and private debt, which is the debt owed to foreign creditors by the the country's private residents or corporations.
  • Only two sovereign states in the world are believed to be completely free of debt: Liechtenstein and Niue.
  • However, most countries are both debtors and creditors, owing money to some countries at the same time they are owed money by other countries. If one were to compare the amount of money each country owes to the amount that it is owed by other countries, additional countries would show a positive debt balance.

209 countries

Country
Debt Per Capita (USD)
Total Debt (Billion US$)
Debt as % of GDP
Debt as % of Total Wealth
Data Year
Palau$846,000$18.4062.1%-2014
Monaco$434,000$16.50240%-2010
Switzerland$262,863$2,300284.57%47.63%2022
Hong Kong$248,153$1,820504.1%19.68%2022
Malta$223,000$104691%179.31%2023
Netherlands$215,569$3,790381.62%77.84%2022
Mauritius$157,951$1991368%292.65%2023
Singapore$144,061$815158.13%44.89%2023
Norway$134,602$738133.14%6.72%2023
Luxembourg$114,704$24.2022.1%8.09%2023
United States$98,094$32,900122.56%23.52%2023
Cyprus$97,200$25.40849%23.3%2023
Sweden$95,178$1,030171.81%18.1%2023
Denmark$81,965$123119%6.58%2023
Iceland$72,700$21.8081%16.9%2023
Australia$72,223$1,900111.17%19.55%2023
Qatar$70,471$195106.09%47.91%2018
Canada$66,929$1,650126.94%23.53%2023
Ireland$63,414$3,03086.82%357.06%2023
Belgium$55,738$652104.42%4.07%2023
Italy$52,674$3,100143.09%28.13%2023
France$49,767$3,280112.06%20.86%2023
Puerto Rico$48,187$167161.93%-2015
United Kingdom$46,754$3,24096.5%54.47%2023
Bahamas$44,200$17.60194%110%2013
Austria$44,168$40177.76%12.13%2023
Portugal$42,785$440164.48%22.35%2023
New Zealand$39,924$20681.76%14.45%2023
Bermuda$39,700$2.4447%-2015
Finland$38,756$21571.3%27.15%2023
Serbia$37,845$38.6056.5%20.75%2023
Spain$34,920$1,670111.84%32.2%2023
Japan$34,832$4,34098.44%19.22%2023
Germany$33,566$2,81065.33%16.13%2023
Greece$32,880$350322.85%39.33%2022
Brunei$27,200$0.342.8%2.83%2017
Seychelles$26,200$2.55180%63.75%2016
Slovenia$25,000$60.70104%32.29%2023
United Arab Emirates$24,164$22059.69%17.71%2016
Latvia$21,200$43.60126%30.92%2023
Czech Republic$19,282$20361.47%26.36%2023
Faroe Islands$18,400$0.8938%-2010
Israel$16,019$15329.28%11.18%2022
Slovakia$15,900$121112%44.81%2022
Trinidad and Tobago$15,700$21.5076%42.16%2016
Estonia$15,700$34.2089%41.71%2023
Barbados$15,700$4.49100%28.06%2010
Hungary$15,000$147160%32.1%2023
Bahrain$14,900$39.4066%33.97%2023
Andorra$14,345$1.1141%-2014
Cook Islands$13,400$0.2823%-2011
South Korea$12,897$66538.62%20.41%2023
Lithuania$12,700$28.5074%19.39%2023
Chile$11,603$23365.09%29.91%2023
Croatia$10,700$52.9074%23%2022
San Marino$10,604$0.3523%-2016
Poland$9,500$38549.3%24.18%2023
Romania$8,414$15845.4%23.69%2023
Taiwan$8,275$19324.4%3.56%2023
Kazakhstan$8,087$16165.71%22.36%2023
Mongolia$7,800$33.80245%225.33%2023
Malaysia$7,785$26058.17%38.35%2023
Uruguay$7,600$57.2050%26.36%2023
Saudi Arabia$7,588$26423.83%11.64%2022
Brazil$6,925$1,49071.59%44.11%2023
Montenegro$6,742$4.39151%12.19%2023
Mexico$6,707$88052.92%42.76%2023
Aruba$6,600$0.6928%-2014
Grenada$6,300$0.6866%-2013
Lebanon$6,000$34.50220%10%2023
Jamaica$6,000$16.80122%37.33%2016
Argentina$5,883$27542.91%65.48%2023
Bulgaria$5,700$2163%8.14%2023
Turkey$5,514$47646.21%33.23%2023
Costa Rica$5,100$24.9043%11.8%2016
Antigua and Barbuda$4,700$0.4434%-2012
Oman$4,400$5435%28.57%2021
Panama$4,400$46.7056.6%31.13%2023
South Africa$4,268$26365.81%28.4%2023
Thailand$4,016$28249.09%19.85%2023
Belarus$4,000$37.6066%14.75%2023
Georgia$3,900$11.10128%24.13%2023
Dominica$3,900$0.2955%-2016
North Macedonia$3,700$7.9273%-2023
Albania$3,634$1466%18.18%2023
Colombia$3,596$18856.03%33.33%2023
Venezuela$3,500$11023%-2019
Belize$3,500$1.3375%44.33%2016
Jordan$3,400$44.1083%18.77%2023
Saint Kitts and Nevis$3,300$0.1920%-2016
Nauru$3,200$0.0322%-2004
Cape Verde$3,100$1.6699%-2016
Gabon$2,900$5.1635%22.43%2016
Bhutan$2,900$2.26108%-2016
Saint Vincent and the Grenadines$2,900$0.3242%-2016
Papua New Guinea$2,800$22111%51.16%2016
Saint Lucia$2,700$0.5136%-2016
Namibia$2,500$6.5264%21.03%2016
Dominican Republic$2,400$26.1036%-2016
Paraguay$2,400$21.8054%32.06%2022
El Salvador$2,400$14.9056%-2016
Philippines$2,300$26058.9%25.72%2023
Peru$2,300$86.3044%16.63%2023
Cuba$2,300$26.3034%-2016
Samoa$2,300$0.4551%-2013
Ukraine$2,200$12481%18.26%2023
Sri Lanka$2,200$83.1068%23.15%2023
Tunisia$2,200$37.7097%21.3%2023
Suriname$2,200$1.2430%62%2016
Tonga$2,200$0.2354%-2016
Ecuador$2,100$57.5057%22.55%2023
Cayman Islands$2,100$0.087%-1998
Armenia$2,043$6.66102%14.17%2023
Maldives$2,000$0.7423%7.42%2014
Russia$1,969$28213.67%6.43%2023
Iraq$1,800$6844%-2016
Nicaragua$1,800$11.1083%16.09%2016
Marshall Islands$1,800$0.1052%-2013
China$1,736$2,45013.55%2.9%2022
Laos$1,700$10.2053%29.14%2022
Moldova$1,600$5.6570%8.69%2023
Egypt$1,557$16542.72%13.21%2023
Equatorial Guinea$1,500$1.3612%6.8%2016
Djibouti$1,500$1.3471%67%2016
Guyana$1,500$1.1436%19%2015
Indonesia$1,417$39529.1%45.73%2023
Morocco$1,400$91.1046%26.25%2022
Angola$1,400$37.7041%68.55%2016
Azerbaijan$1,300$8.1422%5.18%2021
Kyrgyzstan$1,300$5.74112%22.96%2023
Bosnia and Herzegovina$1,300$5.0423%5.79%2022
Ethiopia$1,296$26129.13%19.77%2024
Tuvalu$1,224$0.0137%-2017
Sao Tome and Principe$1,200$0.2467%-2016
Sudan$1,100$62.40121%283.64%2021
Guatemala$1,100$19.1028%-2016
Honduras$1,000$8.0438%-2016
Republic of the Congo$1,000$4.8255%80.33%2016
Fiji$900$0.8318%6.94%2016
Micronesia$900$0.0929%-2013
Mauritania$840$3.5976%59.83%2016
Solomon Islands$800$0.4940%-2013
Vanuatu$750$0.2127%-2016
Botswana$720$3.508%12.96%2023
Ghana$700$29.2030%26.07%2022
Zimbabwe$670$10.9077%15.35%2016
Greenland$650$0.042%-2010
Cambodia$600$22.4057%35%2022
Bolivia$600$15.5033%14.76%2023
Anguilla$590$0.015%-1998
Guinea Bissau$570$1.1094%55%2010
British Virgin Islands$570$0.022%-2016
Pakistan$554$12443%18.29%2023
Libya$550$3.539%8.02%2016
Zambia$540$8.9245%33.04%2023
Vietnam$500$14239.1%13.96%2021
Uzbekistan$500$33.3024%-2020
Bangladesh$460$98.9022%8.92%2023
India$449$62516.83%52.1%2023
Lesotho$430$0.9553%47.45%2016
Ivory Coast$420$29.8024%-2021
New Caledonia$420$0.111%-2013
Senegal$390$6.1942%15.1%2016
Kenya$370$0.0726%0.02%2023
Eswatini$360$0.4714%-2016
Palestine$340$1.5435%-2018
Mozambique$320$10.2072%63.75%2020
Cameroon$300$7.3824%16.04%2016
Syria$300$5.9224%32.89%2016
Tanzania$280$15.9034%10.97%2016
Wallis and Futuna$280$06%-2004
Somalia$27052%-2013
Yemen$260$7.1921%-2015
Tajikistan$260$6.6638%26.64%2021
Gambia$260$0.5461%18.07%2016
Timor Leste$250$0.3112%7.8%2014
Sierra Leone$230$1.5636%39%2016
Liberia$230$1.1151%7.93%2016
North Korea$200$518%-2013
Mali$200$3.6326%16.5%2016
Benin$200$2.3426%15.6%2016
Rwanda$200$2.4429%8.71%2016
Montserrat$200$02%-2011
Haiti$180$2.0224%40.4%2016
South Sudan$167$1.9262.7%-2017
Madagascar$160$4.0141%13.37%2016
Burkina Faso$160$3.0926%19.31%2016
Comoros$160$0.1321%6.65%2016
Uganda$150$6.2424%12.73%2016
Togo$150$1.1726%19.5%2016
Eritrea$150$0.8215%16.4%2016
Kuwait$140$0.690.42%0.12%2023
Niger$130$2.7336%21%2016
Chad$130$1.8818%18.8%2016
Central African Republic$130$0.6939%34.35%2016
Myanmar$120$13.9017%4.91%2021
Nepal$120$9.1316%10.14%2022
Kiribati$120$0.018%-2013
Malawi$100$1.9239%8.73%2016
Guinea$100$1.3320%7.39%2016
Iran$90$8.672%0.29%2022
Turkmenistan$90$0.501%0.64%2016
Algeria$89$98.702%27.88%2021
DR Congo$70$5.3313%7.51%2016
Nigeria$60$96.402%13.79%2023
Burundi$60$0.7026%17.63%2016
Afghanistan$40$1.287%3.12%2011
Liechtenstein--2001
Niue--2016

Sources