WORLDWIDE DEBT TRAP

Source: Jubilee Debt Campaign (July 2015)

Countries already in debt crisis

• significant net debt (more than 30% of GDP), and
• high current government external debt payments (more than 15% of government revenue)

1. Armenia
2. Belize
3. Costa Rica
4. Croatia
5. Cyprus
6. Dominican Republic
7. El Salvador
8. Gambia
9. Greece
10. Grenada
11. Ireland
12. Jamaica
13. Lebanon
14. Macedonia
15. Marshall Islands
16. Montenegro
17. Portugal
18. Spain
19. Sri Lanka
20. St Vincent and the Grenadines
21. Tunisia
22. Ukraine

 Also, countries in default or debt negotiation

1. Sudan 24
2. Zimbabwe

Countries at risk of government external debt crisis

• significant net debt (more than 30% of GDP), or significant current account deficit (more than 5% of GDP), and
• significant future government debt payments (projected to exceed 10% of government revenue or, where projections are not available, current government external debt already over 40% of GDP)

1. Burkina Faso
2. Cambodia
3. Cameroon
4. Central African Republic
5. Chad
6. Côte d’Ivoire
7. Djibouti
8. Guyana
9. Haiti
10. Hungary
11. Italy
12. Kyrgyz Republic
13. Latvia
14. Lesotho
15. Liberia
16. Lithuania
17. Madagascar
18. Maldives
19. Mali
20. Niger
21. Poland
22. Rwanda
23. Serbia
24. Sierra Leone
25. Slovak Republic
26. St. Lucia
27. Togo
28. Tonga
29. Zambia

Countries at high risk of government external debt crisis

• significant net debt (more than 30% of GDP)
• high future government external debt payments (projected to exceed 15% of government revenue  or, where projections are not available, current government external debt already over 50% of GDP)
• significant current account deficit (more than 5% of GDP).

1. Bhutan
2. Cabo Verde
3. Dominica
4. Ethiopia
5. Ghana
6. Lao PDR
7. Mauritania
8. Mongolia
9. Mozambique
10. Samoa
11. Sao Tome and Principe
12. Senegal
13. Tanzania
14. Uganda

 Countries at risk of private-sector debt crisis

• significant net debt (over 30% of GDP), and
• significant current account deficit (over 5% of GDP)

1. Albania
2. Australia
3. Belarus
4. Benin
5. Bosnia
6. Brazil
7. Burundi
8. Colombia
9. Fiji
10. Georgia
11. Guinea
12. Honduras
13. Indonesia
14. Jordan
15. Malawi
16. Moldova
17. Morocco
18. New Zealand
19. Nicaragua
20. Panama
21. Papua New Guinea
22. Peru
23. Seychelles
24. Solomon Islands
25. Tajikistan
26. Turkey
27. United Kingdom
28. Vanuatu