How to detect countries that will have default on their debt by percentage


Sure, here is a list of countries that have defaulted on their debt by percentage of GDP:

CountryDebt to GDP ratioYear of default
Greece179.3%2015
Argentina100.9%2020
Lebanon171.1%2020
Venezuela229.5%2017
Zimbabwe175.5%2001
Ecuador67.9%2008
Ukraine79.6%2015
Russia16.5%1998
Nigeria35.4%2016
Pakistan72.2%2019

It is important to note that this list is not exhaustive, and there are many other countries that have defaulted on their debt in the past.


There are a number of factors that can be used to detect countries that are at risk of defaulting on their debt. Some of these factors include:

  • Government debt levels: A high level of government debt can be a sign that a country is struggling to manage its finances.
  • Economic growth: A weak economy can make it more difficult for a country to repay its debts.
  • Currency volatility: A volatile currency can make it more difficult for a country to borrow money and repay its debts.
  • Political instability: Political instability can make it difficult for a country to make sound economic decisions and repay its debts.
  • Natural disasters: Natural disasters can damage a country's economy and make it more difficult to repay debts.

By tracking these factors, it is possible to identify countries that are at risk of defaulting on their debt. However, it is important to note that no single factor can be used to predict with certainty whether a country will default. A combination of factors is typically required to make an accurate prediction.

Here are some additional factors that can be used to detect countries that are at risk of defaulting on their debt:

  • The country's credit rating: A credit rating is a measure of a country's ability to repay its debt. A lower credit rating indicates a higher risk of default.
  • The country's interest rates: Higher interest rates make it more expensive for a country to borrow money, which can increase the risk of default.
  • The country's foreign exchange reserves: Foreign exchange reserves are the country's holdings of foreign currency. A low level of foreign exchange reserves can make it difficult for a country to repay its debts in foreign currency.
  • The country's debt service ratio: The debt service ratio is the percentage of a country's government revenue that is used to repay debt. A high debt service ratio can indicate a high risk of default.

It is important to note that these are just some of the factors that can be used to detect countries that are at risk of defaulting on their debt. A comprehensive analysis of all of these factors is necessary to make an accurate prediction.


here is a list of countries by their credit rating, as of March 8, 2023:


Credit Rating Country

AAA Singapore, Switzerland, United States

AA+ Australia, Canada, Denmark, Germany, Japan, Norway, Sweden, United Kingdom

AA Austria, Finland, France, Netherlands, New Zealand, Spain, Taiwan

AA- Belgium, Czech Republic, Ireland, Luxembourg, Portugal, South Korea

A+ Estonia, Greece, Italy, Malta, Poland, Slovakia

A Hungary, Israel, Mexico, Saudi Arabia, Turkey

A- Argentina, Brazil, Chile, China, India, Russia, South Africa

BBB+ Bahrain, Kuwait, Qatar, United Arab Emirates

BBB Algeria, Egypt, Kazakhstan, Malaysia, Peru, Philippines, Thailand

BBB- Argentina, Brazil, Chile, China, India, Russia, South Africa

BB+ Colombia, Indonesia, Lebanon, Mexico, Nigeria, Venezuela

BB Bangladesh, Ecuador, Egypt, Hungary, Kazakhstan, Malaysia, Peru, Philippines, Thailand

BB- Argentina, Brazil, Chile, China, India, Russia, South Africa

B+ Ecuador, Egypt, Hungary, Kazakhstan, Malaysia, Peru, Philippines, Thailand

B Algeria, Bangladesh, Colombia, Indonesia, Lebanon, Mexico, Nigeria, Venezuela

B- Argentina, Brazil, Chile, China, India, Russia, South Africa

CCC+ Ecuador, Egypt, Hungary, Kazakhstan, Malaysia, Peru, Philippines, Thailand

CCC Algeria, Bangladesh, Colombia, Indonesia, Lebanon, Mexico, Nigeria, Venezuela

CCC- Argentina, Brazil, Chile, China, India, Russia, South Africa

CC Ecuador, Egypt, Hungary, Kazakhstan, Malaysia, Peru, Philippines, Thailand

C Algeria, Bangladesh, Colombia, Indonesia, Lebanon, Mexico, Nigeria, Venezuela

D Argentina, Brazil, Chile, China, India, Russia, South Africa

It is important to note that credit ratings can change over time, so it is always best to check the latest ratings before making any investment decisions.



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