The external debt of Ireland has finally reached an astonishing value exceeding Ireland's GDP by ten times.
The external debt of Ireland as a percentage of its GDP has reached 1028 %.
Note that the external debt includes public and private debt owed by the government and Irish individuals and corporations to external lending sources.
Country Name
Global Rank
External Debt in (% of GDP)
Luxembourg
1
4,658
Ireland
2
1,028
Iceland
3
734
Monaco
4
680
Malta
5
527
Cyprus
6
431
Singapore
7
425
United Kingdom
8
413
Hong Kong SAR, China
9
398
Netherlands
10
322
Belgium
11
294
Ireland has the second highest External Debt to GDP ration after Luxembourg and Just ahead of Iceland.
Year
External Debt in (% of GDP) - Ireland
1998
12.5
2005
556.8
2006
683.0
2007
875.1
2008
880.4
2010
1,117.5
2011
1,018.5
2012
1,028.0
The chart below shows the ratio of external debt to GDP ratio since 1998 to 2012