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Japan has the highest public debt in the world at over 200% of GDP and has struggled with stagnation for over two decades as it spends almost half its tax revenue to service its enormous debt. Greece has the second highest debt and its debt is unsustainable according to the IMF, peaking close to 200% of GDP over the next two years, and requiring significant debt relief from Europe. The document then lists the 20 countries with the highest public debt levels.

Author

NCP1311

Language

EN