After years of near-zero interest rates, the rise in interest rates starting in the second quarter of 2022 brought a major headache to countries, which increased their indebtedness during the pandemic and are now forced to spend an increasing proportion of their income on interest payments. Along these lines, which country has the highest debt to GDP ratio?

ANSWER 

Sudan. Although its absolute debt of US$65.5 billion is only 0.1% of global debt, it represents 256% of its GDP. It is followed by Japan, whose debt of US$10.78 trillion is equivalent to 255% of its GDP. The United States, which accounts for 34% of global debt, is in seventh place, with a debt equivalent to 123% of its GDP. And beleaguered Argentina? With US$556.5 billion (0.57% of the world's debt), its debt is equivalent to 89.5% of its GDP, according to Visualcapitalist, based on data from the International Monetary Fund.