The 10 countries that are drowning their economy in debt: the sad global reality

According to data from the fucking IMF published last October, Japan is the undisputed champion of debt with a brutal 248.7% of its GDP. Damn! It's as if they had bought three entire countries on credit and still hadn't even paid the down payment.

I am surprised to see Sudan in second place with 237.1%. And there we have Singapore, that supposed economic paradise, in third place with 175.8%. What a farce! All those speeches about economic efficiency crumble when you see that they owe almost twice what they produce annually.

Europeans are not falling behind. Greece (152.9%) and Italy (138.7%) continue to drag their historical debts like chains. Typical of countries that spend what they do not have and then cry for bailouts.

And what do you say about small economies like the Maldives (133.6%) and Bahrain (129.8%)? A global economic sneeze and they disappear from the financial map. They live off tourism and oil like someone who depends on a single client who could go bankrupt at any moment.

The United States, that supposed bastion of capitalism, is mired in debts (124,1%). They print money as if there were no tomorrow and then give lessons to the world about fiscal responsibility. What hypocrisy!

The list is completed by Laos (118,3%) and France (115,3%). What a picture!

Brazil: not as bad as they say

Meanwhile, Brazil, which is so criticized for being "wasteful," is in 23rd place with 92% debt. And going down! In November, it reached 77.7%, which would place us in 43rd place, far from the average of developed countries (111%) and closer to developing countries (71%).

And you know what? The armchair economists who criticize so much should check their numbers before speaking. Brazilian debt is on the decline while many "exemplary" powers continue to sink into the red.

I see it clearly: the markets are scared by our policies, but the numbers speak for themselves. We are better positioned than many who consider themselves examples of management. Trading platforms can say what they want, but the IMF data doesn't lie.

The Brazilian deficit decreased in 2024 and our trajectory is downward. Many countries would like to be in our current economic situation, but of course, it is easier to criticize Latin American countries than to look at the financial disasters brewing in their own territories.