Photographs: Brendan McDermid/Reuters
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
Image: People enjoy a water slide at Copa Copana water park at Haidari suburb near Athens, Greece.Photographs: Yorgos Karahalis/Reuters
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
Image: A view of central Dublin, Ireland.Photographs: Cathal McNaughton/Reuters
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
Image: Shoppers walk past a Louis Vuitton store at the Ion Orchard shopping mall in central Singapore.Photographs: Kevin Lam/Reuters
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
Image: People walk in front of a shop in downtown Rome, Italy.Photographs: Max Rossi/Reuters
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
Image: Tourists walk in Brussels' Royal Galleries of Saint Hubert, Belgium.Photographs: Sebastien Pirlet/Reuters
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
Image: People participate in a parade on a float at the Madeira Island Flowers Festival in Funchal, Portugal.Photographs: Duarte Sa/Reuters
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
Image: Pedestrians walk across a zebra crossing in Tokyo, Japan.Photographs: Stringer/Reuters
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
Image: Visitors ride a mechanical bull on Sixth Street in Austin, Texas, United States.Photographs: Adrees Latif/Reuters
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
Image: A view of the Nile flowing through the Egyptian capital Cairo.Photographs: Aladin Abdel Naby/Reuters
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
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
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.
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