40 datasets found
  1. Countries with the lowest national debt 2023

    • statista.com
    Updated Jul 4, 2024
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    Statista (2024). Countries with the lowest national debt 2023 [Dataset]. https://www.statista.com/statistics/273488/countries-with-the-lowest-national-debt/
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    Dataset updated
    Jul 4, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2023
    Area covered
    Worldwide
    Description

    The statistic shows the 20 countries with the lowest national debt in 2023 in relation to the gross domestic product (GDP). The data refer to the debts of the entire state, including the central government, the provinces, municipalities, local authorities and social insurance. In 2023, Russia's estimated level of national debt reached about 19.66 percent of the GDP, ranking 17th of the countries with the lowest national debt. National debt and GDP The debt-to-GDP ratio is an indicator of a country’s ability to produce and sell goods in order to pay back any present debts, however these countries should not retain newer debts in the process. Many economists believe that if a country is able to produce more without impairing its own economical growth, it can be considered more stable, particularly for the future. However, the listed countries, with the exception of Russia and Saudi Arabia, are not necessarily economic first-world powers. Additionally, economically powerful countries such as the United States and France maintain one of the highest debt-to-GDP ratios, signifying that occurring debt does not necessarily damage the state of the economy and is sometimes necessary in order to help develop it. Saudi Arabia has maintained one of the lowest debt-to-GDP ratios due to its high export rates, which primarily consist of petroleum and petroleum goods. Given the significance of oil in today’s world, Saudi Arabia produces enough oil and earns enough revenue to maintain a high GDP and additionally refrain from incurring debt.

  2. G

    Government debt by country, around the world | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Oct 6, 2022
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    Globalen LLC (2022). Government debt by country, around the world | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/government_debt/
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    excel, xml, csvAvailable download formats
    Dataset updated
    Oct 6, 2022
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2024
    Area covered
    World, World
    Description

    The average for 2022 based on 174 countries was 59.99 percent. The highest value was in Japan: 236.58 percent and the lowest value was in Liechtenstein: 0.5 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

  3. Government debt in EU countries in relation to GDP Q3 2024

    • statista.com
    Updated Mar 4, 2025
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    Statista (2025). Government debt in EU countries in relation to GDP Q3 2024 [Dataset]. https://www.statista.com/statistics/269684/national-debt-in-eu-countries-in-relation-to-gross-domestic-product-gdp/
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    Dataset updated
    Mar 4, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    European Union, EU
    Description

    In the third quarter of 2024, Greece's national debt was the highest in all the European Union, amounting to 158 percent of Greece's gross domestic product. In spite of Greece's total being high by EU standards, it marks a substantial decrease from the historical high point reached by the country's national debt of 207 percent of GDP in 2020. Italy, France, Spain, Belgium, and Portugal also all have government debt worth over one year's production of their economies, while the small Baltic country of Estonia has the smallest national debt when compared with GDP, at only 24 percent. In debitum incrementum?A country’s national debt, also known as government debt or public debt, is defined as all borrowings owed by the government of a country. It usually comprises internal debt – owed to other governmental departments – and external debt, which is held by the public and is owed to government bond owners. National debt can be caused by a struggling economy in general, or by low tax income, which usually leads to money being borrowed from other governments for support, which in turn cannot be paid back right away. At first glance, a high national debt is not always a sign of a struggling economy – but since increasing debt can slow down economic growth significantly, it is imperative for the respective government to seek a steady reduction in the long run.

  4. T

    GOVERNMENT DEBT TO GDP by Country in EUROPE

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 28, 2017
    + more versions
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    TRADING ECONOMICS (2017). GOVERNMENT DEBT TO GDP by Country in EUROPE [Dataset]. https://tradingeconomics.com/country-list/government-debt-to-gdp?continent=europe
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    csv, xml, json, excelAvailable download formats
    Dataset updated
    May 28, 2017
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    Europe
    Description

    This dataset provides values for GOVERNMENT DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

  5. National debt in EU countries 2nd quarter 2024

    • statista.com
    Updated Nov 12, 2024
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    Statista (2024). National debt in EU countries 2nd quarter 2024 [Dataset]. https://www.statista.com/statistics/274179/national-debt-in-eu-countries/
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    Dataset updated
    Nov 12, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    European Union, EU
    Description

    This statistic shows the national debt in the member states of the European Union in the second quarter of 2024. The data refer to the entire state and are comprised of the debts of central government, provinces, municipalities, local authorities and social security. In the second quarter of 2024, Greece's national debt amounted to about 369.4 billion euros. National debt in the EU member states National or government debt is the debt owed by a central government. No country in the European Union is debt-free, although some are able to manage their debts better than others. Debt is influenced by the economic situation of a country, factors such as unemployment, the rate of inflation or the trade figures have a significant impact on its extent, and are, in turn, influenced by the national debt. The economic crisis has hit some EU countries harder than others; Spain, Ireland and Greece especially have been struggling economically since 2008. Greece’s national debt has skyrocketed over the past few years, and the same can be said about Spain and Ireland. Other EU countries, like France and the United Kingdom have been affected as well, albeit not as severely. The national debt of a country can be reduced by applying several measures: money can be borrowed (for example in the form of rescue packages), austerity programs can be enforced, taxes can be increased or central banks can inject liquidity into the economy through the implementation of quantitative easing policies. Some critics of the policy claim that this could lead to a higher level of inflation, which, if severe enough, could have a detrimental impact on living standards.

  6. United States Government Debt: % of GDP

    • ceicdata.com
    Updated Feb 13, 2025
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    CEICdata.com (2025). United States Government Debt: % of GDP [Dataset]. https://www.ceicdata.com/en/indicator/united-states/government-debt--of-nominal-gdp
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    Dataset updated
    Feb 13, 2025
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2022 - Dec 1, 2024
    Area covered
    United States
    Description

    Key information about United States Government Debt: % of GDP

    • United States Government debt accounted for 124.0 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 123.1 % in the previous quarter.
    • US government debt to GDP ratio data is updated quarterly, available from Mar 1969 to Dec 2024.
    • The data reached an all-time high of 130.4 % in Mar 2021 and a record low of 31.8 % in Sep 1974.

    CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Bureau of the Fiscal Service provides Government Debt in USD. The Bureau of Economic Analysis provides Nominal GDP in USD. Government Debt covers Central Government only.


    Related information about United States Government Debt: % of GDP

    • In the latest reports, US National Government Debt reached 36,220.2 USD bn in Jan 2025.
    • The country's Nominal GDP reached 6,632.4 USD bn in Mar 2023.

  7. Government net debt of G7 countries as share of GDP 2010-2024, by country

    • statista.com
    • ai-chatbox.pro
    Updated Jun 23, 2025
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    Statista (2025). Government net debt of G7 countries as share of GDP 2010-2024, by country [Dataset]. https://www.statista.com/statistics/1370943/g7-government-net-debt-share-gdp/
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    Dataset updated
    Jun 23, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    France, United Kingdom, Germany, Worldwide, Japan, United States, Canada, Italy
    Description

    Of the G7 countries, Japan had the highest net debt in terms of share of gross domestic product (GDP) between 2010 and 2024. That year, Japan's government's net debt reached an estimated *** percent of its total GDP. Italy had the second highest debt rate at *** percent of its GDP, whereas Canada had the lowest at only ** percent.

  8. Countries with the lowest public debt rate worldwide 2023

    • statista.com
    Updated May 30, 2025
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    Statista (2025). Countries with the lowest public debt rate worldwide 2023 [Dataset]. https://www.statista.com/statistics/1475595/countries-lowest-public-debt-rate-world/
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    Dataset updated
    May 30, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2023
    Area covered
    World
    Description

    Brunei Darussalam in Southeast Asia is the country with the lowest public debt rate worldwide. It was followed by Kuwait and Turkmenistan. Meanwhile, Sudan has the highest public debt rate worldwide.

  9. Norway Government Debt: % of GDP

    • ceicdata.com
    Updated Feb 15, 2019
    + more versions
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    CEICdata.com (2019). Norway Government Debt: % of GDP [Dataset]. https://www.ceicdata.com/en/indicator/norway/government-debt--of-nominal-gdp
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    Dataset updated
    Feb 15, 2019
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2013 - Dec 1, 2024
    Area covered
    Norway
    Description

    Key information about Norway Government Debt: % of GDP

    • Norway Government debt accounted for 55.1 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 44.5 % in the previous year.
    • Norway government debt to GDP ratio data is updated yearly, available from Dec 1995 to Dec 2024.
    • The data reached an all-time high of 55.1 % in Dec 2024 and a record low of 23.6 % in Dec 1998.

    CEIC calculates Government Debt as % of Nominal GDP from annual Government Debt and annual Nominal GDP. Statistics Norway provides Government Debt in local currency and Nominal GDP in local currency.


    Related information about Norway Government Debt: % of GDP

    • In the latest reports, Norway National Government Debt reached 251.8 USD bn in Dec 2024.
    • The country's Nominal GDP reached 128.6 USD bn in Mar 2023.

  10. T

    GOVERNMENT DEBT TO GDP by Country in ASIA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 29, 2017
    + more versions
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    TRADING ECONOMICS (2017). GOVERNMENT DEBT TO GDP by Country in ASIA [Dataset]. https://tradingeconomics.com/country-list/government-debt-to-gdp?continent=asia
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    excel, xml, csv, jsonAvailable download formats
    Dataset updated
    May 29, 2017
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    Asia
    Description

    This dataset provides values for GOVERNMENT DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

  11. c

    Current Questions on Government Spending and Public Debt (March 2024)

    • datacatalogue.cessda.eu
    Updated Sep 27, 2024
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    Presse- und Informationsamt der Bundesregierung (2024). Current Questions on Government Spending and Public Debt (March 2024) [Dataset]. http://doi.org/10.4232/1.14355
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    Dataset updated
    Sep 27, 2024
    Dataset provided by
    Berlin
    Authors
    Presse- und Informationsamt der Bundesregierung
    Time period covered
    Mar 18, 2024 - Mar 20, 2024
    Area covered
    Germany
    Measurement technique
    Telephone interview: Computer-assisted (CATI)
    Description

    The short survey on current issues relating to government spending and public debt was conducted by the opinion research institute forsa on behalf of the Press and Information Office of the Federal Government. In the survey period from 18.03.2024 to 20.03.2024, the German-speaking population aged 14 and over was asked in telephone interviews (CATI) about their attitudes to government spending and government debt. In particular, the focus is on the assessment of the debt brake and various options for reforming it. Respondents were selected using a multi-stage random sample as part of a multi-topic survey (policy BUS) including landline and mobile phone numbers (dual-frame sample).
    Assessment of Germany´s overall financial situation in terms of income and expenditure; assessment of Germany´s debt burden compared to most other industrialized countries; opinion on government debt (government debt should generally be avoided, is generally not a problem, only makes sense if it is used for investments for the future); government spends too much vs. too little money on various political and social tasks (health and care, defense, social affairs, climate protection, housing, integration of immigrants, pensions); opinion on the state only taking out new larger loans in exceptional emergency situations such as natural disasters (debt brake should remain as it is, it should be reformed or it should be abolished completely); evaluation of various proposals for reforming the debt regulation (change the debt limit so that the state can generally take on more debt than before, create a transitional rule so that even in the year following an emergency situation it is still possible to take on slightly more debt than usual, allow higher debt to be taken on if the economic situation is worse than expected, allow higher debt to be taken on for defense spending, allow higher debt to be taken on for investments in climate protection, allow higher debt to be taken on for investments in infrastructure such as roads and railways).

    Demography: sex; age; education; income level low, medium, high (net equivalent income); city size; party preference in the next federal election; voting behavior in the last federal election.

    Additionally coded were: Respondent ID; region west/east; weighting factor.

  12. Countries with the highest public debt 2024

    • statista.com
    • ai-chatbox.pro
    Updated May 28, 2025
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    Statista (2025). Countries with the highest public debt 2024 [Dataset]. https://www.statista.com/statistics/268177/countries-with-the-highest-public-debt/
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    Dataset updated
    May 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    Worldwide
    Description

    In 2024, Sudan ranked had the highest public debt level in relation to its GDP, with an estimated debt almost three times larger than its GDP. The countries with the highest public debt often have a high level of economic instability, however there are also many more developed economies on this list, such as five of the G7 countries, who feature due to their high levels of national borrowing and public spending. Venezuela's public debt

  13. T

    PRIVATE DEBT TO GDP by Country Dataset

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 27, 2017
    + more versions
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    TRADING ECONOMICS (2017). PRIVATE DEBT TO GDP by Country Dataset [Dataset]. https://tradingeconomics.com/country-list/private-debt-to-gdp
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    json, excel, xml, csvAvailable download formats
    Dataset updated
    May 27, 2017
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    World
    Description

    This dataset provides values for PRIVATE DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

  14. U.S. federal debt forecast FY 2023-2034

    • statista.com
    Updated Jul 5, 2024
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    Statista (2024). U.S. federal debt forecast FY 2023-2034 [Dataset]. https://www.statista.com/statistics/216998/forecast-of-the-federal-debt-of-the-united-states/
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    Dataset updated
    Jul 5, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    By 2034, the gross federal debt of the United States is projected to be about 54.39 trillion U.S. dollars. This would be an increase of around 21 trillion U.S. dollars from 2023, when the federal debt was around 33 trillion U.S. dollars.

    The federal debt of the U.S.

    The federal debt, also called the national debt or public debt, is the amount of debt held by the United States government. This debt may be to other countries, or to different departments within the government itself. The public debt of the United States has increased significantly over the past 30 years, as it was around 3.2 trillion U.S. dollars in 1990 and surpassed 30 trillion dollars for the first time in 2022. When broken down per capita, the national debt amounted to about 80,885 U.S. dollars of debt per person in the United States in 2021.

    The problem of the federal debt

    Over the past decade, the federal debt limit in the United States has increased significantly. The U.S. debt ceiling can only be changed by an act of Congress which is then signed by the president. The raising of the ceiling has become a recurring political issue in recent years, especially during times when the Presidency and chambers of Congress are controlled by different parties.

    The debt ceiling is a tool that allows the Treasury to issue bonds without congressional approval, allowing for efficiency in the way that the government pays for programs and services. It is thought to be further valuable in that it keeps federal finances in check. However, when the two parties are unable to come to an agreement on raising the debt ceiling, the government comes to a shutdown because they can no longer fund themselves. The Republican Party in particular often positions itself against raising the federal debt ceiling, characterizing themselves as the party of fiscal conservativism. However, analyses have shown that both parties have contributed to the country's debt in almost equal measures.

  15. Total mortgage debt from households Netherlands 2012-2024

    • ai-chatbox.pro
    • statista.com
    Updated Jan 10, 2024
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    Statista Research Department (2024). Total mortgage debt from households Netherlands 2012-2024 [Dataset]. https://www.ai-chatbox.pro/?_=%2Ftopics%2F4265%2Fresidential-real-estate-in-the-benelux%2F%23XgboD02vawLbpWJjSPEePEUG%2FVFd%2Bik%3D
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    Dataset updated
    Jan 10, 2024
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Statista Research Department
    Area covered
    Netherlands
    Description

    Dutch households had over 839 billion euros of outstanding mortgage loans as of the third quarter of 2024, the highest value on record. Despite its relatively small population size, the Netherlands had a much higher mortgage debt than most other European countries and was not far from those found in the United Kingdom, France, or Germany. This has a political background, as the Dutch government, for many years, wanted to help people to buy a house. The tax system allowed homeowners to deduct interests paid on mortgage from pre-tax income for a maximum period of thirty years. This was known as hypotheekrenteaftrek, and consequently led to the Netherlands becoming the European country with the second-highest share of the population who is an owner-occupier with a mortgage. Since 2014, the Dutch government is slowly scaling this tax facility down, with an acceleration planned from 2020 onwards. What are the biggest companies in the Dutch mortgage market? The top three banks, ABN AMRO, Rabobank and ING, provided 45 percent of mortgages in the Netherlands in the second quarter of 2023. Another seven percent of the market was provided by banks outside the traditional top three. Note that these are combined numbers, as there are no market shares that look at mortgage providers individually. Banks, insurance companies, regiepartijen (funds that originate mortgage loans on behalf of institutional investors, no English word exists for this term) and other providers do not have to share this information openly. The risk of underwater mortgages As many people in the Netherlands both own a house and have a mortgage as well, a big theme is the risk of a house going underwater or negative home equity. This occurs when people effectively pay more for their mortgage than their house is worth and happened, for example, between 2009 and 2013, when the average valuation of a house outweighed the average selling price. For this risk alone, one can find much data on residential property in the Netherlands. For example, quarterly pulse monitors state that housing prices in the Netherlands are set to decline in 2024.

  16. J

    Thoughts on a Fiscal Union in EMU

    • journaldata.zbw.eu
    .mat +4
    Updated Mar 3, 2021
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    Niklas Gadatsch; Josef Hollmayr; Nikolai Stähler; Niklas Gadatsch; Josef Hollmayr; Nikolai Stähler (2021). Thoughts on a Fiscal Union in EMU [Dataset]. http://doi.org/10.15456/ger.2018127.163856
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    audio/x-mod, application/vnd.wolfram.mathematica.package, pdf, xls, .matAvailable download formats
    Dataset updated
    Mar 3, 2021
    Dataset provided by
    ZBW - Leibniz Informationszentrum Wirtschaft
    Authors
    Niklas Gadatsch; Josef Hollmayr; Nikolai Stähler; Niklas Gadatsch; Josef Hollmayr; Nikolai Stähler
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    Using an estimated large-scale New-Keynesian model, we assess the consequences of introducing a fiscal union within EMU. We differentiate between three different scenarios: public revenue equalisation, tax harmonisation and a centralised fiscal authority. Our results indicate that no country would significantly benefit from introducing any form of fiscal union. Comparing long term, i.e. steady state, effects we have winners and losers depending on the scenario. Differences in terms of business cycle statistics as well as in terms of risk sharing of asymmetric shocks are minor. This also explains why welfare differences are small across the fiscal union scenarios. A counterfactual exercise indicates that with a fiscal union regime already installed at the start of EMU, key macroeconomic variables would have reacted very similarly while debt dynamics would have changed notably.

  17. Worldwide two-year government bond yields by country 2020-2024

    • statista.com
    Updated Jan 7, 2025
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    Statista (2025). Worldwide two-year government bond yields by country 2020-2024 [Dataset]. https://www.statista.com/statistics/1254178/two-year-government-bond-yields-largest-economies/
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    Dataset updated
    Jan 7, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2020 - Dec 2024
    Area covered
    Worldwide
    Description

    In January 2020, prior to the onset of the global coronavirus (COVID-19) pandemic, three of the seven largest economies by GDP had negative yields for two-year government bonds (Japan, Germany and France). With the onset of the pandemic, two-year bond yields in these countries actually rose slightly - in contrast to the other major economies, where yields fell over this period. As of December 2024, yields for two-year government bonds exhibited fluctuations across all countries. Notably, Japan showed a slight upward trend, while China experienced a modest decline.Negative yields assume that investors lack confidence in economic growth, meaning many investments (such as stocks) may lose value. Therefore, it is preferable to take a small loss on government debt that carries almost no risk to the investor, than risk a larger loss on other investments. As both the yen and euro are considered very safe assets, Japanese, German and French bonds were already being held by many investors prior to the pandemic as a hedge against economic downturn. Therefore, with the announcement of fiscal responses to the pandemic by many governments around March 2020, the value of these assets rose as confidence increased (slightly) that the worst case may be avoided. At the same time, yields on bonds with a higher return fell, as investors sought out investments with a higher return that were still considered safe.

  18. General public debt as share of GDP by country Latin America 2024

    • statista.com
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    Statista, General public debt as share of GDP by country Latin America 2024 [Dataset]. https://www.statista.com/statistics/813474/public-debt-gross-domestic-product-latin-america/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Apr 2024
    Area covered
    Latin America, Americas, LAC
    Description

    Venezuela was the most indebted country in Latin America and the Caribbean based on total government debt as a percentage of gross domestic product (GDP). The lowest general government debt to GDP ratio in the region was found in Haiti, where the total public debt accounted for only **** percent of the country's GDP as of 2024.

  19. National debt of Greece 2030

    • statista.com
    • ai-chatbox.pro
    Updated May 22, 2025
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    Statista (2025). National debt of Greece 2030 [Dataset]. https://www.statista.com/statistics/270409/national-debt-of-greece/
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    Dataset updated
    May 22, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Greece
    Description

    This statistic shows the national debt of Greece from 2020 to 2023, with projections until 2030. In 2023, the national debt in Greece was around 420.4 billion U.S. dollars. In a ranking of debt to GDP per country, Greece is currently ranked third. Greece's struggle after the financial crisis Greece is a developed country in the EU and is highly dependent on its service sector as well as its tourism sector in order to gain profits. After going through a large economic boom from the 1950s to the 1970s as well as somewhat high GDP growth in the early to mid 2000s, Greece’s economy took a turn for the worse and struggled intensively, primarily due to the Great Recession, the Euro crisis as well as its own debt crisis. National debt within the country saw significant gains over the past decades, however roughly came to a halt due to financial rescue packages issued from the European Union in order to help Greece maintain and improve their economical situation. The nation’s continuous rise in debt has overwhelmed its estimated GDP over the years, which can be attributed to poor government execution and unnecessary spending. Large sums of financial aid were taken from major European banks to help balance out these government-induced failures and to potentially help refuel the economy to encourage more spending, which in turn would decrease the country’s continuously rising unemployment rate. Investors, consumers and workers alike are struggling to see a bright future in Greece, whose chances of an economic comeback are much lower than that of other struggling countries such as Portugal and Italy. However, Greece's financial situation might improve in the future, as it is estimated that at least its national debt will decrease - slowly, but steadily. Still, since its future participation in the European Union is in limbo as of now, these figures can only be estimates, not predictions.

  20. U.S. publicly held debt 2013-2024

    • statista.com
    Updated Nov 20, 2024
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    Statista (2024). U.S. publicly held debt 2013-2024 [Dataset]. https://www.statista.com/statistics/273294/public-debt-of-the-united-states-by-month/
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    Dataset updated
    Nov 20, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Oct 2013 - Oct 2024
    Area covered
    United States
    Description

    In October 2024, the public debt of the United States was around 35.46 trillion U.S. dollars, a slight decrease from the previous month. The U.S. public debt ceiling has become one of the most prominent political issues in the States in recent years, with debate over how to handle it causing political turmoil between Democrats and Republicans. The public debt The public debt of the United States has risen quickly since 2000, and in 2022 was more than five times higher than in 2000. The public debt is the total outstanding debt that is owed by the federal government. This figure comprises debt owed to the public (for example, through bonds) and intergovernmental debt (debt owed to various governmental departments), such as Social Security. Debt in Politics The debt issue has become a highly contentious topic within the U.S. government. Measures such as stimulus packages, social programs and tax cuts add to the public debt. Additionally, spending tends to peak during large global events, such as the Great Depression, the 2008 financial crisis, or the COVID-19 pandemic - all of which had a detrimental impact on the U.S. economy. Although both major political parties in the U.S. tend to blame one another for increases in the country's debt, a recent analysis found that both parties have contributed almost equally to national expenditure. Debate on raising the debt ceiling, or the amount of debt the federal government is allowed to have at any one time, was a leading topic in the government shutdown in October 2013. Despite plans from both Democrats and Republicans on how to lower the national debt, it is only expected to increase over the next decade.

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Statista (2024). Countries with the lowest national debt 2023 [Dataset]. https://www.statista.com/statistics/273488/countries-with-the-lowest-national-debt/
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Countries with the lowest national debt 2023

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Dataset updated
Jul 4, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
2023
Area covered
Worldwide
Description

The statistic shows the 20 countries with the lowest national debt in 2023 in relation to the gross domestic product (GDP). The data refer to the debts of the entire state, including the central government, the provinces, municipalities, local authorities and social insurance. In 2023, Russia's estimated level of national debt reached about 19.66 percent of the GDP, ranking 17th of the countries with the lowest national debt. National debt and GDP The debt-to-GDP ratio is an indicator of a country’s ability to produce and sell goods in order to pay back any present debts, however these countries should not retain newer debts in the process. Many economists believe that if a country is able to produce more without impairing its own economical growth, it can be considered more stable, particularly for the future. However, the listed countries, with the exception of Russia and Saudi Arabia, are not necessarily economic first-world powers. Additionally, economically powerful countries such as the United States and France maintain one of the highest debt-to-GDP ratios, signifying that occurring debt does not necessarily damage the state of the economy and is sometimes necessary in order to help develop it. Saudi Arabia has maintained one of the lowest debt-to-GDP ratios due to its high export rates, which primarily consist of petroleum and petroleum goods. Given the significance of oil in today’s world, Saudi Arabia produces enough oil and earns enough revenue to maintain a high GDP and additionally refrain from incurring debt.

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