2010 Commission Debt Management 
ClearMoney
DECEMBER 5, 2021
Japan, for example, has experienced over a decade of debt/GDP levels above 200% without a default.3 3 Conversely, we have seen instances of countries defaulting on their debt at debt/GDP ratios lower than where many countries stand today. Ivory Coast defaulted in January 2011,5 when its 2010 debt/GDP was just 46%.6.
ClearMoney
DECEMBER 5, 2021
Japan, for example, has experienced over a decade of debt/GDP levels above 200% without a default.3 3 Conversely, we have seen instances of countries defaulting on their debt at debt/GDP ratios lower than where many countries stand today. Ivory Coast defaulted in January 2011,5 when its 2010 debt/GDP was just 46%.6.
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