In 2024, Ukraine's estimated national debt amounted to nearly 96 percent of its gross domestic product (GDP), which was the highest ratio among the Eurasian countries. Armenia and Kyrgyzstan ranked second and third, with national debts amounting to approximately 52 percent and 42 percent of their GDP, respectively.
The debt-to-GDP ratio is an indicator of a country’s ability to produce and sell goods in order to pay back any present debts. A higher ratio means that a country does not produce enough to pay off its debt, whereas a lower ratio indicates enough economic activity to make debt payments.
National debt in relation to gross domestic product (GDP) in Eurasia in 2024, by country
National debt was defined by the source as "all liabilities that require payments of interest and/or principal by the debtor to the creditor. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable."
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IMF. (October 21, 2024). National debt in relation to gross domestic product (GDP) in Eurasia in 2024, by country [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1356641/cis-national-debt-to-gdp-by-country/
IMF. "National debt in relation to gross domestic product (GDP) in Eurasia in 2024, by country." Chart. October 21, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1356641/cis-national-debt-to-gdp-by-country/
IMF. (2024). National debt in relation to gross domestic product (GDP) in Eurasia in 2024, by country. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1356641/cis-national-debt-to-gdp-by-country/
IMF. "National Debt in Relation to Gross Domestic Product (Gdp) in Eurasia in 2024, by Country." Statista, Statista Inc., 21 Oct 2024, https://www.statista.com/statistics/1356641/cis-national-debt-to-gdp-by-country/
IMF, National debt in relation to gross domestic product (GDP) in Eurasia in 2024, by country Statista, https://www.statista.com/statistics/1356641/cis-national-debt-to-gdp-by-country/ (last visited November 21, 2024)
National debt in relation to gross domestic product (GDP) in Eurasia in 2024, by country [Graph], IMF, October 21, 2024. [Online]. Available: https://www.statista.com/statistics/1356641/cis-national-debt-to-gdp-by-country/
