Today we are discussing Dr. Inan Dogan, the well-learned economist’s article about the countries with the highest debt to GDP ratio. Insider Monkey’s compilation is an extremely arresting article, especially now, in these pandemic-stricken times. Lots of countries have had to cope with large amounts of debts even in the last decades, but this year has crowned all this trouble. While the whole world economy seemed to collapse in spring, hundreds of millions of people were made redundant and began their agonizing fight against impoverishment.
People got into straitened circumstances, consequently they expected help from governemnts. This is the situation with companies as well, since they also fall into tight sqeeze with most of the industries closing up. Even large airports needed help, and some of them ended up in bankcruptsy. After the first half of the year world economy began to move forward and industries opened their gates to start operating slowly again. Now, we are in the middle of the second wave of the pandemic, we look forward with lots of concers about the future. What is sure, impacts of the pandemic will haunt the world economy for a long time, and we can only nurse hopes people will last until the world economy fully recovers again. Nevertheless, there’re companies that were able to flourish during the self-isolation of the first wave, too. These companies could take their enterprise into the net and their products were best-selling ones.
And now, let’s see what Insider Monkey has investigated for you. For further edifying information, please click the countries with the highest debt to GDP ratio. We are going to serve you with only some brief summary, as usual. We can see, that those countries has extremely come off badly whose main income origins from tourism industry. At first, here’s Spain with its debt of $1,347.71 billion. Here the debt per person is $28,886.10, and the 2019 gross GDP was: 96.41%. Tunisia stand on the 17th spot of the list, with its debt of $28.83 billion. Here the debt per person is $2,446.48, and the 2019 gross GDP was: 74.43%. Portugal’s debt in billion is $277.91, which means $27,073.61 debt per capita, and the 2019 gross GDP was: 117.55%.