Recent statistics published by the International Monetary Fund (IMF) shows that Kuwait is among the least indebted countries in the world, when the government’s gross debt is expressed as a percentage of the country’s gross domestic product (GDP).
The IMF list of countries with debt as a percent of its GDP shows Kuwait in 10th rank, and becoming the only Arab country in the top-ten, with debt to GDP ratio of 17.8 percent. Hong Kong and Macao, both special administrative regions (SAR) of China, came out jointly in top position with zero debt.
Brunei in second spot with 2.6 percent of debt GDP, followed by Afghanistan with 6.9 percent, Estonia with 7.6 percent and Botswana with 12.8 percent debt to round off the top-five positions.
Russia ranked sixth among the world’s 10 least-debtor countries with 13.8 percent of GDP, the Democratic Republic of Congo came in seventh with 14 percent debt, followed by Solomon Islands with 14.6 percent and Azerbaijan with ninth in debt with 17.6 percent.