According to data from the IMF World Economic Outlook (October 2026), government gross debt as a percentage of GDP highlights how individual country debt compares with the size of their economy.
At the top of the list for 2026, Vietnam ranks as the least indebted country with a gross debt of 28.3%, followed closely by Uzbekistan at 27.6%, and Estonia and Guatemala both standing at 27.5%.
Other nations maintaining low debt-to-GDP ratios include Kuwait (26.6%), Denmark (26.4%), and Cambodia (25.1%).
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Rounding out the lower-debt economies are Kazakhstan at 23.8%, the Democratic Republic of Congo (DRC) at 23.7%, and Turkiye at 22.5%.
