Which are the countries with the least debt in the world? Insider Monkey has recently published an interesting article about it. My country is not on their list, and I must admit I am not surprised as I know it has lots of debt. Yet, this article is really worth reading it.Some countries choose to borrow money either from other countries or from the citizens through the sale of bonds, while others prefer to live within their means. This is the same situation as that of us, the citizens, who sometimes choose to borrow money from the bank or family members, while other prefer to make do with what they have and not become indebted. Those least indebted make our list of countries with the least debt in the world.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three countries with the least debt in the world from their list. The first one is Uzbekistan. Located in Central Asia, Uzbekistan covers over 447,400 square miles and has a population of close to 30 million people. It is estimated that the country’s GDP in 2016 was of over $205.7 billion, a 7.8% growth from the previous year. The country’s public debt is also calculated at 11% of GDP, although the data was estimated for the 2015 numbers. The next country on our list is Kosovo.Located in Southeast Europe, between Serbia and Macedonia, Kosovo seems to be one of the few European nations on our list of countries with the least debt in the world. Spreading over a territory of close to 11,000 square kilometers, Kosovo has close to 2 million citizens, mostly of Albanian descent. Albanian, of course, is also the official language in the area. The country’s estimated GDP for 2016 was calculated at $18.44 billion, while the country’s 10.6% public debt as part of the GDP was calculated based on the 2014 numbers. The last country for today is Kiribati. Next up on our list of countries with the least debt in the world we have Kiribati, a nation that’s actually formed of 33 coral atolls in the Pacific Ocean. With a total area of 811 square kilometers and a population of just over 108,000 people, Kiribati isn’t exactly the largest or most populated nation in the world. Kiribati’s GDP was calculated at just $212 million, while its debt barely hit 8.6%. The country actually has few natural resources and is highly dependent on imports and foreign aid. It is considered that Kiribati is one of the least developed countries in the Pacific.