The island nation of Madagascar, situated off the east coast of Africa, has the lowest government debt as a percentage of GDP on the planet.
The country's debt is projected to be 5% of the size of its entire economy by the end of this year, according to the IMF. Compare that figure to the United States at 107%, India at 68%, or even Japan at 236%.
Yet other economic measurements indicate the economy at large is struggling. GDP per capita is only $470 and the economy is only projected to grow 3% in 2012.
