Net debt, General government, Percent of GDP by country
Fiscal Monitor (FM) 2025 October
Countries reporting
90
Highest
129.89
Japan
Lowest
-184.84
Norway
Median
42.81
Years covered
40
1991–2030
Data points
3,406
What the numbers show
Net debt, General government, Percent of GDP is currently reported for 90 countries. The highest value is 129.89 in Japan; the lowest is -184.84 in Norway.
The median across all reporting countries is 42.81, and the mean is 45.6.
Over the past decade 47 countries rose and 43 fell. The largest increase was in Estonia (up 606.7%), and the largest decrease in Norway (down 133.8%).
Net debt, General government, Percent of GDP: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Japan | 129.89 | 2030 | down 19.8% | rising |
| 2 | Italy | 128.32 | 2030 | down 9.0% | rising |
| 3 | France | 121.13 | 2030 | up 19.2% | rising |
| 4 | United States of America | 116.8 | 2030 | up 21.5% | rising |
| 5 | Belgium | 111.2 | 2030 | up 16.3% | rising |
| 6 | United Kingdom of Great Britain and Northern Ireland | 96.44 | 2030 | up 3.6% | rising |
| 7 | Bolivia, Plurinational State of | 91.84 | 2030 | up 40.8% | volatile |
| 8 | South Africa | 83.93 | 2030 | up 35.1% | rising |
| 9 | Spain | 80.43 | 2030 | down 21.1% | rising |
| 10 | Algeria | 77.95 | 2030 | up 101.2% | volatile |
| 11 | Barbados | 76 | 2030 | down 40.3% | rising |
| 12 | Saint Kitts and Nevis | 75.37 | 2030 | up 62.5% | falling |
| 13 | Brazil | 73.82 | 2030 | up 20.3% | rising |
| 14 | Portugal | 73.68 | 2030 | down 39.7% | rising |
| 15 | Cape Verde | 73.63 | 2030 | down 43.8% | rising |
| 16 | Fiji | 71.78 | 2030 | up 10.4% | rising |
| 17 | Slovakia | 70.76 | 2030 | up 45.8% | rising |
| 18 | Israel | 70.43 | 2030 | up 5.4% | falling |
| 19 | Austria | 68.99 | 2030 | up 16.1% | rising |
| 20 | Egypt | 67.86 | 2030 | down 15.9% | rising |
| 21 | Kenya | 67.63 | 2030 | up 5.9% | rising |
| 22 | Poland | 64.91 | 2030 | up 46.2% | rising |
| 23 | Namibia | 64.66 | 2030 | up 4.6% | volatile |
| 24 | Hungary | 64.03 | 2030 | down 1.3% | rising |
| 25 | Morocco | 63.38 | 2030 | down 11.5% | rising |
| 26 | Germany | 60.15 | 2030 | up 32.7% | flat |
| 27 | Uruguay | 59.67 | 2030 | up 3.9% | rising |
| 28 | Romania | 59.39 | 2030 | up 57.7% | volatile |
| 29 | Lebanon | 58.01 | 2030 | down 60.3% | falling |
| 30 | Pakistan | 56.57 | 2030 | down 23.7% | rising |
| 31 | Zambia | 55.73 | 2030 | down 59.6% | volatile |
| 32 | Botswana | 55.66 | 2030 | up 169.0% | volatile |
| 33 | Colombia | 54.79 | 2030 | up 1.1% | rising |
| 34 | Mexico | 54.44 | 2030 | up 8.5% | rising |
| 35 | North Macedonia | 54.24 | 2030 | up 8.3% | rising |
| 36 | Costa Rica | 53.67 | 2030 | down 19.7% | rising |
| 37 | Finland | 53.02 | 2030 | up 58.1% | volatile |
| 38 | Slovenia | 52.6 | 2030 | down 7.9% | rising |
| 39 | Lithuania | 52.36 | 2030 | up 26.8% | rising |
| 40 | Yemen | 51.42 | 2030 | down 38.3% | flat |
| 41 | Croatia | 50.57 | 2030 | down 27.2% | rising |
| 42 | Liberia | 48 | 2030 | down 18.2% | volatile |
| 43 | Latvia | 46.85 | 2030 | up 37.4% | rising |
| 44 | South Sudan | 44.73 | 2030 | up 13.7% | volatile |
| 45 | Panama | 44.1 | 2030 | up 9.3% | flat |
| 46 | Dominican Republic | 41.53 | 2030 | down 28.0% | rising |
| 47 | Mali | 41.44 | 2030 | up 2.7% | rising |
| 48 | Niger | 40.28 | 2030 | down 1.8% | falling |
| 49 | Albania | 40.16 | 2030 | down 42.1% | falling |
| 50 | Netherlands | 40.01 | 2030 | down 9.1% | falling |
| 51 | Indonesia | 39.9 | 2030 | up 10.4% | rising |
| 52 | Seychelles | 39.67 | 2030 | down 43.3% | volatile |
| 53 | Malta | 39.65 | 2030 | up 3.2% | falling |
| 54 | Serbia | 39.43 | 2030 | down 22.3% | falling |
| 55 | Eswatini | 39 | 2030 | up 36.6% | volatile |
| 56 | Mauritania | 37.41 | 2030 | down 32.6% | falling |
| 57 | Iran, Islamic Republic of | 37.1 | 2030 | down 9.1% | volatile |
| 58 | Czechia | 36.74 | 2030 | up 59.1% | rising |
| 59 | Paraguay | 35.65 | 2030 | up 10.6% | rising |
| 60 | Equatorial Guinea | 34.85 | 2030 | down 15.0% | volatile |
| 61 | Nigeria | 33.7 | 2030 | up 94.3% | volatile |
| 62 | Saudi Arabia | 32.26 | 2030 | up 122.7% | volatile |
| 63 | Iceland | 31.94 | 2030 | down 46.5% | flat |
| 64 | Ethiopia | 31.43 | 2030 | down 37.2% | falling |
| 65 | Australia | 30.95 | 2030 | down 14.2% | volatile |
| 66 | Cameroon | 30.5 | 2030 | down 28.8% | falling |
| 67 | Bulgaria | 29.8 | 2030 | up 131.1% | volatile |
| 68 | Chile | 28.26 | 2030 | up 112.3% | volatile |
| 69 | Bosnia and Herzegovina | 28.06 | 2030 | up 8.7% | falling |
| 70 | Peru | 25.94 | 2030 | up 30.1% | volatile |
| 71 | Guyana | 25.93 | 2030 | down 54.2% | falling |
| 72 | New Zealand | 24.64 | 2030 | up 138.3% | volatile |
| 73 | Estonia | 24.41 | 2030 | up 606.7% | volatile |
| 74 | Türkiye | 24.17 | 2030 | down 19.9% | falling |
| 75 | Ireland | 22.31 | 2030 | down 53.9% | volatile |
| 76 | Syrian Arab Republic | 18.81 | 2010 | down 83.3% | volatile |
| 77 | Trinidad and Tobago | 17.65 | 2030 | up 85.6% | volatile |
| 78 | Djibouti | 17.31 | 2030 | down 57.6% | falling |
| 79 | Canada | 15.87 | 2030 | down 2.5% | volatile |
| 80 | Sweden | 15.01 | 2030 | up 58.5% | volatile |
| 81 | Republic of Korea | 12.88 | 2030 | up 495.2% | volatile |
| 82 | Switzerland | 12.28 | 2030 | down 39.8% | falling |
| 83 | Cyprus | 12.03 | 2030 | down 79.2% | falling |
| 84 | Taiwan, China | 7.96 | 2030 | down 73.5% | falling |
| 85 | Kazakhstan | 5.6 | 2030 | up 165.0% | volatile |
| 86 | Luxembourg | 5.35 | 2030 | up 151.3% | volatile |
| 87 | Lesotho | -1.51 | 2030 | down 107.3% | volatile |
| 88 | Denmark | -2.53 | 2030 | down 116.5% | volatile |
| 89 | Oman | -5.54 | 2030 | down 121.4% | volatile |
| 90 | Norway | -184.84 | 2030 | down 133.8% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- G7 106.94
- Advanced G20 101.16
- G20 93.72
- Advanced economies 89.83
- World 81.81
- Euro Area (EA) 81.02
- Emerging Market and Middle-Income Latin America 58.67
- Low-Income Developing Others 56.18
- Emerging Market and Middle-Income Economies 49.99
- Emerging G20 49.59
- Emerging Market and Middle-Income Middle East and North Africa and Pakistan 46
- Emerging Market and Middle-Income Europe 40.91
About this data
Fiscal Monitor (FM) 2025 October