We are now living in a world where interest rates are super-low, even negative in some cases, across some of the richest nations.
This means it is cheaper for people and governments to service their debts while also promoting spending.
The World Economic Forum’s Global Competitiveness Survey looks at the financial health and risks of countries around the world.
One of the most interesting and important rankings is actually the level of government debt.
By looking at level of gross government debt as a percentage of GDP, it can indicate how able a country is to pay back debts without incurring further debt. Basically, the lower the debt-to-GDP ratio the better.
Take a look to see who made the top 19:
11. United States
7. Cape Verde