The World’s $111 Trillion in Government Debt, in One Giant Chart
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November 13, 2025 Graphics/Design:
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Key TakeawaysWhile global public debt is lower than pandemic highs in real terms, it remains stubbornly elevated at $111 trillion.
This graphic shows world debt by country in 2025, based on data from the IMF’s latest World Economic Outlook.
A Closer Look at World Debt by CountryBelow, we break down government debt around the world in 2025:
| 🇺🇸 U.S. | 34.5% | $38,269.7 | 125.0% |
| 🇨🇳 China | 16.8% | $18,680.8 | 96.3% |
| 🇯🇵 Japan | 8.9% | $9,826.5 | 229.6% |
| 🇬🇧 UK | 3.7% | $4,093.4 | 103.4% |
| 🇫🇷 France | 3.5% | $3,916.2 | 116.5% |
| 🇮🇹 Italy | 3.1% | $3,479.8 | 136.8% |
| 🇮🇳 India | 3.0% | $3,357.9 | 81.4% |
| 🇩🇪 Germany | 2.9% | $3,228.7 | 64.4% |
| 🇨🇦 Canada | 2.3% | $2,601.0 | 113.9% |
| 🇧🇷 Brazil | 1.9% | $2,062.8 | 91.4% |
| 🇪🇸 Spain | 1.7% | $1,898.9 | 100.4% |
| 🇲🇽 Mexico | 1.0% | $1,097.2 | 58.9% |
| 🇸🇬 Singapore | 0.9% | $1,008.3 | 175.6% |
| 🇰🇷 South Korea | 0.9% | $992.5 | 53.4% |
| 🇦🇺 Australia | 0.8% | $933.0 | 51.0% |
| 🇧🇪 Belgium | 0.7% | $770.8 | 107.5% |
| 🇵🇱 Poland | 0.6% | $623.8 | 60.0% |
| 🇮🇩 Indonesia | 0.5% | $588.8 | 40.8% |
| 🇷🇺 Russia | 0.5% | $586.9 | 23.1% |
| 🇳🇱 Netherlands | 0.5% | $581.1 | 44.0% |
| 🇦🇷 Argentina | 0.5% | $538.5 | 78.8% |
| 🇦🇹 Austria | 0.4% | $464.5 | 82.0% |
| 🇮🇱 Israel | 0.4% | $422.6 | 69.2% |
| 🇬🇷 Greece | 0.4% | $413.7 | 146.7% |
| 🇹🇷 Türkiye | 0.3% | $380.4 | 24.3% |
| 🇸🇦 Saudi Arabia | 0.3% | $370.4 | 29.2% |
| 🇨🇭 Switzerland | 0.3% | $370.0 | 36.9% |
| 🇹🇭 Thailand | 0.3% | $362.5 | 64.9% |
| 🇲🇾 Malaysia | 0.3% | $331.3 | 70.4% |
| 🇿🇦 South Africa | 0.3% | $329.6 | 77.3% |
| 🇵🇹 Portugal | 0.3% | $307.2 | 90.9% |
| 🇪🇬 Egypt | 0.3% | $303.9 | 87.0% |
| 🇵🇰 Pakistan | 0.3% | $293.9 | 71.6% |
| 🇵🇭 Philippines | 0.3% | $287.6 | 58.2% |
| 🇫🇮 Finland | 0.2% | $273.2 | 86.8% |
| 🇷🇴 Romania | 0.2% | $258.6 | 61.2% |
| 🇨🇴 Colombia | 0.2% | $258.1 | 58.9% |
| 🇮🇪 Ireland | 0.2% | $233.9 | 33.0% |
| 🇺🇦 Ukraine | 0.2% | $227.7 | 108.6% |
| 🇸🇪 Sweden | 0.2% | $226.5 | 34.2% |
| 🇳🇴 Norway | 0.2% | $220.8 | 42.7% |
| 🇹🇼 Taiwan | 0.2% | $206.9 | 23.4% |
| 🇦🇪 UAE | 0.2% | $193.5 | 34.0% |
| 🇧🇩 Bangladesh | 0.2% | $191.4 | 40.3% |
| 🇭🇺 Hungary | 0.2% | $185.3 | 74.8% |
| 🇨🇿 Czech Republic | 0.2% | $168.7 | 44.0% |
| 🇩🇿 Algeria | 0.1% | $155.5 | 54.0% |
| 🇻🇳 Vietnam | 0.1% | $155.1 | 32.0% |
| 🇨🇱 Chile | 0.1% | $148.2 | 42.7% |
| 🇮🇶 Iraq | 0.1% | $141.0 | 53.1% |
| 🇳🇿 New Zealand | 0.1% | $139.9 | 53.2% |
| 🇩🇰 Denmark | 0.1% | $136.0 | 29.6% |
| 🇻🇪 Venezuela | 0.1% | $136.0 | 164.3% |
| 🇮🇷 Iran | 0.1% | $126.9 | 35.6% |
| 🇲🇦 Morocco | 0.1% | $120.7 | 67.2% |
| 🇳🇬 Nigeria | 0.1% | $103.7 | 36.4% |
| 🇵🇪 Peru | 0.1% | $102.2 | 32.1% |
| 🇱🇰 Sri Lanka | 0.1% | $99.8 | 100.8% |
| 🇰🇪 Kenya | 0.1% | $92.5 | 68.0% |
| 🇸🇰 Slovak Republic | 0.1% | $92.1 | 59.6% |
| 🇶🇦 Qatar | 0.1% | $90.2 | 40.6% |
| 🇸🇩 Sudan | 0.1% | $79.5 | 221.5% |
| 🇩🇴 Dominican Republic | 0.1% | $77.8 | 60.0% |
| 🇰🇿 Kazakhstan | 0.1% | $74.4 | 24.8% |
| 🇦🇴 Angola | 0.1% | $71.9 | 62.4% |
| 🇪🇨 Ecuador | 0.1% | $70.2 | 53.8% |
| 🇧🇭 Bahrain | 0.1% | $67.5 | 142.5% |
| 🇬🇭 Ghana | 0.1% | $66.2 | 59.1% |
| 🇨🇷 Costa Rica | 0.1% | $61.3 | 59.7% |
| 🇭🇷 Croatia | 0.1% | $59.2 | 57.0% |
| 🇺🇾 Uruguay | 0.1% | $56.6 | 66.6% |
| 🇨🇮 Côte d’Ivoire | 0.05% | $55.2 | 55.6% |
| 🇵🇦 Panama | 0.05% | $53.9 | 59.6% |
| 🇧🇴 Bolivia | 0.05% | $53.5 | 93.7% |
| 🇸🇮 Slovenia | 0.05% | $52.8 | 66.6% |
| 🇪🇹 Ethiopia | 0.05% | $51.1 | 46.7% |
| 🇯🇴 Jordan | 0.05% | $50.4 | 89.7% |
| 🇭🇰 Hong Kong SAR | 0.05% | $50.1 | 11.7% |
| 🇹🇳 Tunisia | 0.04% | $47.6 | 80.6% |
| 🇱🇧 Lebanon | 0.04% | $46.3 | 163.8% |
| 🇸🇳 Senegal | 0.04% | $45.3 | 122.9% |
| 🇷🇸 Serbia | 0.04% | $43.9 | 43.9% |
| 🇹🇿 Tanzania | 0.04% | $43.4 | 49.6% |
| 🇺🇿 Uzbekistan | 0.04% | $42.8 | 31.1% |
| 🇱🇹 Lithuania | 0.04% | $39.8 | 41.8% |
| 🇲🇲 Myanmar | 0.03% | $38.5 | 63.5% |
| 🇴🇲 Oman | 0.03% | $36.9 | 35.1% |
| 🇧🇬 Bulgaria | 0.03% | $36.3 | 28.4% |
| 🇺🇬 Uganda | 0.03% | $34.1 | 52.4% |
| 🇿🇲 Zambia | 0.03% | $33.7 | 114.9% |
| 🇬🇹 Guatemala | 0.03% | $32.6 | 27.0% |
| 🇲🇿 Mozambique | 0.03% | $32.4 | 131.1% |
| 🇸🇻 El Salvador | 0.03% | $32.1 | 87.6% |
| 🇧🇾 Belarus | 0.03% | $30.7 | 35.8% |
| 🇱🇺 Luxembourg | 0.02% | $27.3 | 27.1% |
| 🇿🇼 Zimbabwe | 0.02% | $24.0 | 45.0% |
| 🇨🇾 Cyprus | 0.02% | $23.0 | 57.7% |
| 🇨🇲 Cameroon | 0.02% | $23.0 | 37.9% |
| 🇵🇷 Puerto Rico | 0.02% | $22.8 | 18.0% |
| 🇱🇻 Latvia | 0.02% | $22.6 | 47.1% |
| 🇳🇵 Nepal | 0.02% | $22.4 | 49.3% |
| 🇵🇾 Paraguay | 0.02% | $19.8 | 41.7% |
| 🇮🇸 Iceland | 0.02% | $18.2 | 47.4% |
| 🇭🇳 Honduras | 0.02% | $17.8 | 45.1% |
| 🇦🇿 Azerbaijan | 0.02% | $17.1 | 22.4% |
| 🇹🇹 Trinidad and Tobago | 0.02% | $17.0 | 65.3% |
| 🇵🇬 Papua New Guinea | 0.01% | $16.5 | 50.4% |
| 🇬🇦 Gabon | 0.01% | $16.3 | 76.2% |
| 🇦🇱 Albania | 0.01% | $16.2 | 54.1% |
| 🇨🇩 DRC | 0.01% | $15.7 | 19.1% |
| 🇱🇦 Lao P.D.R. | 0.01% | $15.4 | 90.7% |
| 🇦🇲 Armenia | 0.01% | $14.9 | 53.4% |
| 🇨🇬 Congo | 0.01% | $14.6 | 93.1% |
| 🇧🇫 Burkina Faso | 0.01% | $14.3 | 53.2% |
| 🇲🇺 Mauritius | 0.01% | $13.9 | 88.1% |
| 🇯🇲 Jamaica | 0.01% | $13.7 | 59.2% |
| 🇰🇭 Cambodia | 0.01% | $13.6 | 27.8% |
| 🇲🇹 Malta | 0.01% | $13.0 | 46.9% |
| 🇬🇪 Georgia | 0.01% | $12.8 | 34.2% |
| 🇲🇱 Mali | 0.01% | $12.5 | 48.9% |
| 🇾🇪 Yemen | 0.01% | $12.4 | 71.4% |
| 🇧🇯 Benin | 0.01% | $12.4 | 50.7% |
| 🇧🇸 Bahamas | 0.01% | $12.1 | 74.1% |
| 🇲🇼 Malawi | 0.01% | $12.0 | 80.4% |
| 🇲🇳 Mongolia | 0.01% | $11.7 | 46.6% |
| 🇬🇳 Guinea | 0.01% | $11.6 | 42.2% |
| 🇰🇼 Kuwait | 0.01% | $11.5 | 7.3% |
| 🇪🇪 Estonia | 0.01% | $11.4 | 24.4% |
| 🇷🇼 Rwanda | 0.01% | $10.8 | 73.2% |
| 🇧🇦 Bosnia and Herzegovina | 0.01% | $10.2 | 30.6% |
| 🇲🇻 Maldives | 0.01% | $10.1 | 131.8% |
| 🇲🇰 North Macedonia | 0.01% | $9.9 | 52.9% |
| 🇳🇪 Niger | 0.01% | $9.7 | 42.2% |
| 🇲🇬 Madagascar | 0.01% | $9.6 | 49.7% |
| 🇳🇦 Namibia | 0.01% | $9.3 | 63.6% |
| 🇵🇸 West Bank and Gaza | 0.01% | $9.0 | 65.6% |
| 🇳🇮 Nicaragua | 0.01% | $8.1 | 39.3% |
| 🇹🇬 Togo | 0.01% | $7.9 | 71.9% |
| 🇰🇬 Kyrgyz Republic | 0.01% | $7.6 | 37.8% |
| 🇧🇧 Barbados | 0.01% | $7.5 | 99.8% |
| 🇧🇼 Botswana | 0.01% | $7.4 | 38.8% |
| 🇲🇩 Moldova | 0.01% | $7.4 | 37.8% |
| 🇬🇾 Guyana | 0.01% | $7.3 | 29.0% |
| 🇹🇩 Chad | 0.01% | $6.8 | 31.5% |
| 🇲🇪 Montenegro | 0.01% | $5.7 | 60.8% |
| 🇬🇶 Equatorial Guinea | 0.004% | $4.9 | 36.6% |
| 🇲🇷 Mauritania | 0.004% | $4.9 | 41.2% |
| 🇫🇯 Fiji | 0.004% | $4.9 | 76.6% |
| 🇸🇷 Suriname | 0.004% | $4.0 | 89.1% |
| 🇹🇯 Tajikistan | 0.003% | $3.7 | 22.0% |
| 🇭🇹 Haiti | 0.003% | $3.6 | 11.8% |
| 🇧🇹 Bhutan | 0.003% | $3.6 | 105.6% |
| 🇸🇱 Sierra Leone | 0.003% | $3.6 | 41.2% |
| 🇸🇸 South Sudan | 0.003% | $3.3 | 66.0% |
| 🇨🇻 Cabo Verde | 0.003% | $3.1 | 106.0% |
| 🇦🇼 Aruba | 0.003% | $2.9 | 67.1% |
| 🇱🇷 Liberia | 0.003% | $2.9 | 55.7% |
| 🇧🇮 Burundi | 0.003% | $2.8 | 40.3% |
| 🇹🇲 Turkmenistan | 0.003% | $2.8 | 3.9% |
| 🇽🇰 Kosovo | 0.002% | $2.2 | 17.6% |
| 🇸🇿 Eswatini | 0.002% | $2.2 | 42.8% |
| 🇧🇿 Belize | 0.002% | $2.1 | 64.7% |
| 🇱🇨 Saint Lucia | 0.002% | $2.0 | 77.0% |
| 🇬🇼 Guinea-Bissau | 0.002% | $1.9 | 76.2% |
| 🇨🇫 Central African Republic | 0.002% | $1.9 | 57.1% |
| 🇬🇲 Gambia | 0.002% | $1.9 | 74.4% |
| 🇦🇬 Antigua and Barbuda | 0.001% | $1.5 | 65.7% |
| 🇩🇯 Djibouti | 0.001% | $1.4 | 30.5% |
| 🇸🇲 San Marino | 0.001% | $1.4 | 62.7% |
| 🇦🇩 Andorra | 0.001% | $1.4 | 31.7% |
| 🇱🇸 Lesotho | 0.001% | $1.4 | 57.1% |
| 🇸🇨 Seychelles | 0.001% | $1.3 | 56.7% |
| 🇻🇨 Saint Vincent and the Grenadines | 0.001% | $1.2 | 94.0% |
| 🇬🇩 Grenada | 0.001% | $1.0 | 67.7% |
| 🇩🇲 Dominica | 0.001% | $0.7 | 95.7% |
| 🇰🇳 Saint Kitts and Nevis | 0.001% | $0.7 | 61.9% |
| 🇻🇺 Vanuatu | 0.0005% | $0.5 | 48.6% |
| 🇸🇹 São Tomé and Príncipe | 0.0005% | $0.5 | 51.4% |
| 🇰🇲 Comoros | 0.0004% | $0.5 | 30.2% |
| 🇸🇧 Solomon Islands | 0.0004% | $0.5 | 23.7% |
| 🇧🇳 Brunei Darussalam | 0.0003% | $0.4 | 2.3% |
| 🇹🇱 Timor-Leste | 0.0003% | $0.3 | 13.9% |
| 🇼🇸 Samoa | 0.0002% | $0.3 | 20.9% |
| 🇵🇼 Palau | 0.0002% | $0.2 | 63.1% |
| 🇹🇴 Tonga | 0.0002% | $0.2 | 31.6% |
| 🇱🇮 Liechtenstein | 0.00004% | $0.047 | 0.5% |
| 🇫🇲 Micronesia | 0.00004% | $0.046 | 9.3% |
| 🇲🇭 Marshall Islands | 0.00003% | $0.032 | 10.6% |
| 🇰🇮 Kiribati | 0.00003% | $0.028 | 8.7% |
| 🇳🇷 Nauru | 0.00002% | $0.026 | 15.0% |
| 🇹🇻 Tuvalu | 0.000002% | $0.002 | 3.6% |
| 🇲🇴 Macao SAR | 0.0% | $0.000 | 0.0% |
America’s debt burden exceeds $38 trillion in 2025, standing at 125% of GDP.
Over the past five years, net interest payments on the national debt have nearly tripled. They are projected to double again by 2035 to reach $1.8 trillion per year.
With $18.7 trillion in debt, China ranks in second. In 2025, debt expanded by almost $2.2 trillion, driven by government stimulus and weaker land revenues given a struggling property market sector.
As we can see, Japan follows next with a $9.8 trillion debt pile, equal to 230% of GDP. Even though debt remains sky-high, the country’s new prime minister, Sanae Takaichi, is proposing $92.2 billion in stimulus spending and subsidies.
The UK and France round out the top largest debt burdens, both hovering near $4 trillion. France, in particular, has experienced significant political instability amid contentious budget cut proposals, cycling through five prime ministers over the past two years.
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To learn more about this topic, check out this graphic on government debt to GDP around the world.