Based on a comparison of 46 countries in 2011, Latvia ranked the highest in foreign debt as a share of GDP with 134% followed by Kyrgyzstan and Ukraine. On the other end of the scale was Turkmenistan with 1.52%, Algeria with 3.03% and Nigeria with 3.17%.
Data for more countries are available at Foreign Debt (As % of GDP) indicator page.
Foreign Debt (As % of GDP) | Unit | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 |
Armenia | % | ... | ... | 40.2% | 33.5% | 33.0% | 30.4% | 58.1% | ||||||||||||||
Belarus | % | ... | ... | 17.5% | 15.8% | 24.2% | 21.2% | 35.3% | ||||||||||||||
Bosnia and Herzegovina | % | ... | ... | ... | ... | ... | ... | ... | ... | 58.3% | 57.2% | 60.4% | 52.5% | 64.4% | ||||||||
Bulgaria | % | 55.5% | 64.0% | 76.5% | 91.0% | 105% | ||||||||||||||||
Georgia | % | ... | 32.6% | 32.3% | 27.7% | 58.0% | 77.3% | |||||||||||||||
Kazakhstan | % | ... | 76.9% | 89.9% | 91.8% | 80.0% | 97.2% | |||||||||||||||
Kyrgyzstan | % | ... | 91.8% | 91.6% | 75.7% | 70.6% | 87.8% | |||||||||||||||
Latvia | % | ... | 85.1% | 106% | 127% | 117% | 160% | |||||||||||||||
Lithuania | % | ... | 44.5% | 62.1% | 74.5% | 66.6% | 85.4% | |||||||||||||||
Macedonia | % | ... | ... | 47.7% | 48.1% | 50.1% | 47.4% | 60.6% | ||||||||||||||
Moldova | % | ... | 74.3% | 76.9% | 76.5% | 60.4% | 69.3% | |||||||||||||||
Romania | % | 39.5% | 44.2% | 48.3% | 47.8% | 69.0% | ||||||||||||||||
Serbia | % | ... | ... | ... | ... | 58.8% | 61.0% | 60.4% | 58.5% | 74.9% | ||||||||||||
Tajikistan | % | ... | 48.5% | 38.0% | 36.2% | 48.5% | 53.6% | |||||||||||||||
Ukraine | % | ... | 38.5% | 48.2% | 54.7% | 53.9% | 84.8% |