Iraq ranks 47th globally in government debt, with projected debt for the current year at $174 billion.
Iraq ranks 47th globally in government debt, with projected debt for the current year at $174 billion.
2026-11-15
Shafaq News – Baghdad
Iraq ranked 47th globally in terms of total government debt expected for 2026, with a value of $174 billion, equivalent to 71.1% of GDP, according to a ranking published by Visual Capitalist, based on data from the International Monetary Fund.
The website stated, in a report seen by Shafaq News Agency, that total global government debt is expected to reach $121 trillion this year, equivalent to 94.6% of global GDP, amid rising levels of government borrowing and increasing debt service burdens.
According to the ranking, Iraq came in 47th place out of 190 economies, ahead of Chile and Algeria, whose expected government debts each amounted to $172 billion, while the Czech Republic preceded it with debts of $196 billion, and Hungary with $209 billion.
At the regional level, the United Arab Emirates’ projected government debt reached $217 billion, representing 32.8% of its GDP, while Iran’s debt reached $122 billion, representing 39.1%, and Morocco’s $130 billion, representing 66.6%.
The report indicated that the United States topped the list of the most indebted economies in terms of total value, with about $41.4 trillion, followed by China with about $22.5 trillion, with the two countries together accounting for about 53% of total global government debt.
Regarding the debt-to-GDP ratio, Sudan topped the list globally with 334.4%, followed by Japan with 199.4%, then Singapore with 166.4%, while the ratio in the United States was 126.8%, and in China 104.4%.
The report noted that total global government debt is projected to exceed 100% of GDP by 2030, a level not seen since the period following World War II.
shafaq.com
