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Countries that will see biggest decline in debt

November 26, 2013 14:38 IST
There are many governments that are struggling to bring down their debt.

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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Countries that will see biggest decline in debt

November 26, 2013 14:38 IST
People enjoy a water slide at Copa Copana water park at Haidari suburb near Athens, Greece.

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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Countries that will see biggest decline in debt

November 26, 2013 14:38 IST
A view of central Dublin, Ireland.

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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Countries that will see biggest decline in debt

November 26, 2013 14:38 IST
Shoppers walk past a Louis Vuitton store at the Ion Orchard shopping mall in central Singapore.

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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Countries that will see biggest decline in debt

November 26, 2013 14:38 IST
People walk in front of a shop in downtown Rome, Italy.

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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Countries that will see biggest decline in debt

November 26, 2013 14:38 IST
Tourists walk in Brussels' Royal Galleries of Saint Hubert, Belgium.

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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Countries that will see biggest decline in debt

November 26, 2013 14:38 IST
People participate in a parade on a float at the Madeira Island Flowers Festival in Funchal, Portugal.

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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Countries that will see biggest decline in debt

November 26, 2013 14:38 IST
Pedestrians walk across a zebra crossing in Tokyo, Japan.

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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Countries that will see biggest decline in debt

November 26, 2013 14:38 IST
Visitors ride a mechanical bull on Sixth Street in Austin, Texas, United States.

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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Countries that will see biggest decline in debt

November 26, 2013 14:38 IST
A view of the Nile flowing through the Egyptian capital Cairo.

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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Countries that will see biggest decline in debt

November 26, 2013 14:38 IST
Pilgrims from the Gines brotherhood make their way to the shrine of El Rocio in Gines, near Seville, Spain.

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.