International comparison

Table 6: Debt Rankings, percentage of Discretionary Income, 1995

Rank	Country	Debt to Discretionary Income
1	Norway	(23.5)
2	Korea, Rep.	(20.9)
3	Finland	(10.4)
4	Estonia	8.4
5	Belarus	8.8
6	Latvia	8.8
7	Uzbekistan	9.4
8	Japan	11.9
9	Ukraine	11.9
10	Lithuania	12.5
11	Turkmenistan	12.7
12	Fiji	13.1
13	Azerbaijan	15.3
14	Botswana	17.2
15	Armenia	17.3
16	Slovenia	19.2
17	Kazakstan	20.2
18	Romania	21.2
19	Croatia	21.3
20	Sweden	24.1
21	Brazil	24.1
22	St. Lucia	24.3
23	China	24.7
24	Moldova	25.4
25	St. Kitts and Nevis	25.9
26	Guatemala	26.1
27	Oman	26.6
28	Kyrgyz Republic	27.4
29	Swaziland	27.7
30	Australia	28.5
31	Lebanon	28.5
32	Colombia	29.9
33	El Salvador	30.6
34	Uruguay	30.7
35	Argentina	32.7
36	Paraguay	33.3
37	Barbados	35.3
38	Slovak Republic	35.5
39	Thailand	36.3
40	France	36.7
41	Russian Federation	37.7
42	Poland	38.2
43	Iceland	38.4
44	Czech Republic	38.7
45	Chile	39.5
46	YUKON TERRITORY	40.7
47	Malaysia	42.1
48	United Kingdom	42.1
49	Dominican Republic	43.3
50	Dominica	43.5
51	Grenada	43.5
52	Costa Rica	44.1
53	Albania	44.4
54	Denmark	44.8
55	Germany	45.2
56	Netherlands	46.1
57	Tonga	46.3
58	Turkey	47.9
59	United States	48.2
60	NORTHWEST TERRITORIES	48.2
61	Belize	48.4
62	Mauritius	48.5
63	Bhutan	49.3
64	Spain	49.9
65	Austria	50.1
66	Trinidad and Tobago	50.2
67	Venezuela	50.4
68	Solomon Islands	54.7
69	ALBERTA	54.9
70	Peru	58.1
71	BRITISH COLUMBIA	59.0
72	Papua New Guinea	59.1
73	Tunisia	60.6
74	India	60.9
75	SASKATCHEWAN	63.8
76	Philippines	64.0
77	Indonesia	66.3
78	Djibouti	68.7
79	Maldives	68.9
80	MANITOBA	69.2
81	Canada	70.3
82	Mexico	71.1
83	Tajikistan	71.5
84	QUEBEC	74.0
85	Hungary	74.7
86	ONTARIO	74.9
87	PRINCE EDWARD ISLAND	75.4
88	Macedonia, FYR	76.4
89	NEW BRUNSWICK	76.5
90	Morocco	80.4
91	Pakistan	81.8
92	Sri Lanka	85.7
93	St. Vincent and the Grenadines	87.2
94	Ecuador	88.1
95	Georgia	89.0
96	NOVA SCOTIA	89.4
97	Algeria	89.8
98	NEWFOUNDLAND	90.6
99	Egypt, Arab Rep.	92.8
100	Lesotho	98.9
101	Gabon	100.0
102	Bulgaria	100.5
103	Panama	103.6
104	Jamaica	108.2
105	Zimbabwe	108.4
106	Haiti	110.3
107	Bolivia	110.3
108	Italy	110.8
109	Senegal	115.9
110	Mongolia	124.9
111	Belgium	125.3
112	Guinea	130.7
113	Comoros	149.4
114	Syrian Arab Republic	150.1
115	Honduras	160.1
116	Uganda	166.0
117	Cameroon	170.0
118	Nigeria	174.0
119	Kenya	175.3
120	Central African Republic	178.5
121	Ghana	184.2
122	Cambodia	216.8
123	Bangladesh	227.6
124	Gambia, The	235.4
125	Lao PDR	249.7
126	Cote d'Ivoire	252.3
127	Zambia	282.0
128	Togo	288.6
129	Burkina Faso	297.6
130	Equatorial Guinea	307.5
131	Yemen, Rep.	311.3
132	Congo	358.7
133	Mauritania	378.6
134	Vietnam	383.7
135	Guyana	475.5
136	Mali	479.2
137	Madagascar	615.0
138	Angola	655.9
139	Nepal	785.8
140	Niger	787.3
141	Nicaragua	836.5
142	Sao Tome and Principe	1,266.7
143	Guinea-Bissau	1,467.6
144	Sierra Leone	2,180.7
145	Ethiopia	(103.7)
146	Mozambique	(388.0)
147	Tanzania	(402.3)
148	Malawi	(667.9)
149	Burundi	(1,373.5)
150	Chad	(2,171.5)
151	Rwanda	(2,310.5)

Sources: OECD, Economic Outlook 62, December 1997; World Bank, World Development Indicators CD-ROM, 1997; Statistics Canada, Canadian Federal and Provincial government budgets, calculations by the authors.

International comparison

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