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Countries that will see biggest decline in debt

November 26, 2013 14:38 IST

Countries that will see biggest decline in debt

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There are many governments that are struggling to bring down their debt, stabilise their currency and boost their economy.

Let's take a look at some countries that are projected to see biggest drop in debt relative to gross domestic product.

Source: Bloomberg Visual Data

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Image: There are many governments that are struggling to bring down their debt.
Photographs: Brendan McDermid/Reuters

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Countries that will see biggest decline in debt

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Greece

Government debt as a percentage of GDP (2013): 175.7 per cent (estimated)

Government debt as a percentage of GDP (2018): 142.6 per cent (estimated)

Estimated percentage-point change (2013-2018): Minus 33.1 per cent

Overall rank in drop in debt relative to GDP: 1

Greece, which has a gross domestic product of $286 billion, is projected to see its debt fall to 142.6 per cent of GDP.

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Image: People enjoy a water slide at Copa Copana water park at Haidari suburb near Athens, Greece.
Photographs: Yorgos Karahalis/Reuters
Tags: GDP , Greece

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Countries that will see biggest decline in debt

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Ireland

Government debt as a percentage of GDP (2013): 109.8 per cent (estimated)

Government debt as a percentage of GDP (2018): 123.3 per cent (estimated)

Estimated percentage-point change (2013-2018): Minus 13.5 per cent

Overall rank in drop in debt relative to GDP: 2

Ireland, which has a gross domestic product of $192.22 billion, is projected to see its debt fall to 123.3 per cent of GDP.

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Image: A view of central Dublin, Ireland.
Photographs: Cathal McNaughton/Reuters
Tags: GDP , Ireland

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Countries that will see biggest decline in debt

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Singapore

Government debt as a percentage of GDP (2013): 97.3 per cent (estimated)

Government debt as a percentage of GDP (2018): 107.8 per cent (estimated)

Estimated percentage-point change (2013-2018): Minus 10.5 per cent

Overall rank in drop in debt relative to GDP: 3

Singapore, which has a gross domestic product of $327.55 billion, is projected to see its debt fall to 107.8 per cent of GDP.

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Image: Shoppers walk past a Louis Vuitton store at the Ion Orchard shopping mall in central Singapore.
Photographs: Kevin Lam/Reuters

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Countries that will see biggest decline in debt

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Italy

Government debt as a percentage of GDP (2013): 123.0 per cent (estimated)

Government debt as a percentage of GDP (2018): 132.3 per cent (estimated)

Estimated percentage-point change (2013-2018): Minus 9.3 per cent

Overall rank in drop in debt relative to GDP: 4

Italy, which has a gross domestic product of $1.80 trillion, is projected to see its debt fall to 132.3 per cent of GDP.

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Image: People walk in front of a shop in downtown Rome, Italy.
Photographs: Max Rossi/Reuters
Tags: GDP , Italy

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Countries that will see biggest decline in debt

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Belgium

Government debt as a percentage of GDP (2013): 92.1 per cent (estimated)

Government debt as a percentage of GDP (2018): 100.9 per cent (estimated)

Estimated percentage-point change (2013-2018): Minus 8.8 per cent

Overall rank in drop in debt relative to GDP: 5

Belgium, which has a gross domestic product of $420.30 billion, is projected to see its debt fall to 100.9 per cent of GDP.

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Image: Tourists walk in Brussels' Royal Galleries of Saint Hubert, Belgium.
Photographs: Sebastien Pirlet/Reuters
Tags: GDP , Belgium

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Countries that will see biggest decline in debt

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Portugal

Government debt as a percentage of GDP (2013): 116.0 per cent (estimated)

Government debt as a percentage of GDP (2018): 123.6 per cent (estimated)

Estimated percentage-point change (2013-2018): Minus 7.7 per cent

Overall rank in drop in debt relative to GDP: 6

Portugal, which has a gross domestic product of $243.34 billion, is projected to see its debt fall to 123.6 per cent of GDP.

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Image: People participate in a parade on a float at the Madeira Island Flowers Festival in Funchal, Portugal.
Photographs: Duarte Sa/Reuters
Tags: GDP , Portugal

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Countries that will see biggest decline in debt

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Japan

Government debt as a percentage of GDP (2013): 241.1 per cent (estimated)

Government debt as a percentage of GDP (2018): 243.5 per cent (estimated)

Estimated percentage-point change (2013-2018): Minus 2.4 per cent

Overall rank in drop in debt relative to GDP: 7

Japan, which has a gross domestic product of $4.72 trillion, is projected to see its debt fall to 243.5 per cent of GDP.

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Image: Pedestrians walk across a zebra crossing in Tokyo, Japan.
Photographs: Stringer/Reuters
Tags: GDP , Japan

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Countries that will see biggest decline in debt

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United States

Government debt as a percentage of GDP (2013): 105.7 per cent (estimated)

Government debt as a percentage of GDP (2018): 106.0 per cent (estimated)

Estimated percentage-point change (2013-2018): Minus 0.3 per cent

Overall rank in drop in debt relative to GDP: 8

United States, which has a gross domestic product of $16.72 trillion, is projected to see its debt fall to 106.0 per cent of GDP.

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Image: Visitors ride a mechanical bull on Sixth Street in Austin, Texas, United States.
Photographs: Adrees Latif/Reuters

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Countries that will see biggest decline in debt

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Egypt

Government debt as a percentage of GDP (2013): 100.3 per cent (estimated)

Government debt as a percentage of GDP (2018): 89.5 per cent (estimated)

Estimated percentage-point change (2013-2018): 10.8 per cent

Overall rank in drop in debt relative to GDP: 9

Egypt, which has a gross domestic product of $559.84 billion, is projected to see its debt fall to 89.5 per cent of GDP.

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Image: A view of the Nile flowing through the Egyptian capital Cairo.
Photographs: Aladin Abdel Naby/Reuters
Tags: GDP , Egypt

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Countries that will see biggest decline in debt

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Spain

Government debt as a percentage of GDP (2013): 105.1 per cent (estimated)

Government debt as a percentage of GDP (2018): 93.7 per cent (estimated)

Estimated percentage-point change (2013-2018): 11.4 per cent

Overall rank in drop in debt relative to GDP: 10

Spain, which has a gross domestic product of $1.38 trillion, is projected to see its debt fall to 93.7 per cent of GDP.


Image: Pilgrims from the Gines brotherhood make their way to the shrine of El Rocio in Gines, near Seville, Spain.
Photographs: Marcelo del Pozo/Reuters
Tags: GDP , Spain

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