Surprising: Japan is the most indebted country in the world, not the USA.

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Recent data from the IMF (October/2024) debunks a myth: Japan leads by far with a debt of 248.7% of GDP — well above the US (124.1%). The list is interesting: Sudan (237.1%), Singapore (175.8%), Greece and Italy (traditionally problematic), plus small islands like the Maldives and Bahrain that rely on tourism and oil.

And Brazil? It is in 23rd place with 92%, far from the chaos that many critics proclaim. Even better: in November it fell to 77.7%, placing the country below the developed average (111%) and closer to the developing (71%).

The real issue is not being in debt — it's for what purpose. Countries like Japan and Singapore have strong economies that support the debt. Brazil, historically accused of being a “spender”, is actually on a more controlled trajectory than the dominant narrative suggests.

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