DebtRanked: Countries With the Lowest Debt to GDP in 2025

As the world’s biggest gambling hub, Macao SAR has zero debt, bolstered by billions in gaming revenue and healthy financial reserves.

Liechtenstein ranks in second, with virtually no debt and the only country in Europe ranking in the top 10. As a financial center, it had more job postings than its total population in early 2025. Similarly, the number of corporate entities outnumbers its residents, which stands around 41,000.

Ranking in sixth is Kuwait, with a debt-to-GDP ratio of 7.3%. In 2024, the oil-rich country generated about $70 billion in oil revenues, equal to roughly 80% of government revenues.

Like Kuwait, Russia’s debt position has been boosted by its oil exports, despite Western sanctions. With debt standing at 23.1% of GDP in 2025, Russia’s wartime economy has surprisingly prospered, driven by tight fiscal policies and ample foreign exchange reserves.

Información extraída de: https://www.visualcapitalist.com/countries-with-the-lowest-debt-to-gdp-in-2025/