Iran is the top country by government debt in the world. As of 2021, government debt in Iran was 28,315,000 billion LCU that accounts for 64.28% of the world's government debt. The top 5 countries (others are Indonesia, Viet Nam, Japan, and Republic of Korea) account for 93.35% of it. The world's total government debt was estimated at 44,049,673 billion LCU in 2021.
The description is composed by our digital data assistant.Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).
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