Lebanon is being the top country by net government debt, % of GDP in the world. As of 2016, net government debt, % of GDP in Lebanon was 137.7 percent of GDP. The top 5 countries also includes Japan, Portugal, Italy, and Cabo Verde.
Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable.