As expected – overdeveloped Japan and troublesome Greece lead, however, the following positions are really versatile, there are absolutely no clues to support the idea that more developed countries are indebted more.
* I have read rumours that China is hiding their actual debt via various schemes with government-owned banks. Their debt might be larger. It’s 50% according to the data I have.
What: General government gross debt as a percent of GDP. I wanted to use net debt, but it was not available for most countries.
When: mostly estimates for 2018
Source: IMF WEO report April 2019