Countries with the Highest Corporate Debt | Utility Bidder

Big Business Debt

Which countries have the highest levels of corporate debt?

Businesses around the world generate and trade trillions of dollars globally, but on top of this, they borrow and lend a lot of money. Ergo, corporate debt around the world is ginormous, with trillions owed to other people, companies, and other corporate entities.

By looking at the latest IMF corporate debt data, we have been able to discover which countries have the highest level of national debt.

National debt around the world

Every country has debt in many forms, such as: public debt, personal private debt, and of course corporate debt. To judge the level of the country's corporate debt, we have looked at the corporate debt as a percentage of the nation’s GDP.

Countries with the most corporate debt

1
Luxembourg

391.54%

Corporate debt of GDP

Luxembourg has the highest amount of corporate debt, totalling almost 400% of its GDP. One of the reasons for this is that Luxemb...

2
Ireland

319.88%

Corporate debt of GDP

Ireland had the second-highest level of corporate debt, and the Emerald Isle is the only other country with corporate debt ...

3
Cyprus

245.67%

Corporate debt of GDP

Another small island state comes in third in the rankings, and although Cyprus has a very different climate, it does have ...

4
Malta

214.12%

Corporate debt of GDP

The minuscule Mediterranean island of Malta has the fourth-highest amount of corporate debt in relation to ...

5
France

193.74%

Corporate debt of GDP

By far the largest nation in terms of size, population, and world stature in the top five of the rankings is France. French corporate debt ...

Percentage of corporate debt in each country

Rank

Nation

Corporate debt as a
percentage of GDP

Rank

Nation

Corporate debt as a
percentage of GDP

The corporate sectors with the most debt

While we have established that corporate debt is rife around the world, which corporate sectors contribute the most to this debt? By looking at data from the United States (the largest economy in the world) we can see which sectors have the highest levels of debt. Overall the US has a corporate debt level of 142.79% of its estimated GDP of $21.43 trillion, which ranks them as the 21st highest nation.

The sector's level of debt was ranked by their debt to capital percentage; this is calculated by dividing all of the industries’ interest-bearing debt and then dividing it by the total capital (cash and assets) and then converted to a percentage figure.

1
Restaurant/Dining

113.82%

Debt percentage of capital

The restaurant and dining sector have the highest levels of debt in relation to their capital funds with 114% being 3.6% higher than the next closest and 59% higher than the average.

2
Tobacco

110.25%

Debt percentage of capital

The tobacco industry has been struggling in recent years as far fewer people in younger generations are smoking. Moreover, inflated taxes and advertising bans have hurt the tobacco companies ability to sell their products. This has resulted in a debt percentage of 110%.

3
Other Financial Services

95.23%

Debt percentage of capital

Other financial services are any financial services that are not banking or insurance, and these other financial services had the third-highest level of corporate debt in the United States. Although their level of 95% is a fair way behind tobacco, it is still over 40% higher than the average.

1
Entertainment software

13.53%

Debt percentage of capital

Entertainment software is the corporate name for video games, and it is an industry with a very low level of debt. Their total of around 13.5% is 41.1% lower than the national average, and over 100% less than restaurant and dining.

2
Reinsurance

21.46%

Debt percentage of capital

Fittingly, an industry based on doing something for a second time is the second-lowest ranking sector for debt percentage with an average of just 21.5%. This total is 8% higher than the lowest sector but it was still very impressive.

3
Precious metals

21.78%

Debt percentage of capital

The third and second-ranking sectors are very close with just 0.32% separating them from each other, the precious metals industry came in third. The average debt to capital percentage was 21.8% which is 32.9% lower than the national average.

Methodology

National Corporate Debt

Data for national corporate debt was found from IMF data.

Sectors Corporate Debt

Data for debt in individual sectors was gathered from NYU Stern School of Business.

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