Forbes magazine released a new report Monday that ranked the seven nations with the highest debt-to-GDP ratios. Japan topped the list with 227.2 percent, while Greece (175.1 percent) and Italy (132.6 percent) were in second and third place, respectively.
The list includes one nation, a state that used to be one of the largest creditor countries in the world, but has transformed into a $200 trillion indebted nation. That country is the United States, which is tied in last place with Belgium at 101.5 percent.
Here are the seven nations:
Japan: 227.2 percent
Greece: 175.1 percent
Italy: 132.6 percent
Portugal: 129 percent
Singapore 105.5 percent
United States: 101.5 percent
Belgium: 101.5 percent
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