European Debt Map
Click on country for debt/GDP ratio and debt per person.
This map shows which European countries are currently suffering the most from high public debt levels. Public debt is debt owed by the country’s government. As may not be very surprising, Greece, Italy, and Iceland are the countries with the highest debt-to-output rations, which means that the debt is large compared to the size of the economy. For example, a large economy such as Italy, can easier deal with a large debt than small Malta. However, the country with the highest debt per person, is Ireland, with USD 43,223.
It appears that the rich countries–who more likely can afford it–have the most debt per person. For example, the poor countries of Azerbaijan, Moldova, and Belarus, have a debt per person of only USD 229, 477, and 447, respectively. Still, for many of the most indebted countries, future large tax increase seems to be inevitabe, because they have no other substantial revenue sources.
Note that after the Greek default of March 2012, their debt owed has fallen substantially below the level indicated in the map above. Some countries were left out due to unavailability of reliable data.