Venezuela was the most indebted country in Latin America and the Caribbean based on total government debt as 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 14.9 percent of the country's GDP as of 2024.

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.

Key information about United States Total Debt: % of GDP

• United States Total Debt accounted for 722.0 % of the country's GDP in 2024, compared with the ratio of 722.0 % in the previous quarter.
• US Total Debt: % of GDP data is updated quarterly, available from Dec 1951 to Sep 2024.
• The data reached an all-time high of 834.9 % in Mar 2021 and a record low of 309.4 % in Jun 1953.

CEIC calculates quarterly Total Debt as % of Nominal GDP from quarterly Total Debt and quarterly Nominal GDP. Total Debt is calculated as sum of Liabilities for NonFinancial Business, Federal Government, State and Local Government, Households & Nonprofit Organizations and Financial Business less Mutual Fund Shares. Federal Reserve Board provides Total Debt in local currency. Bureau of Economic Analysis provides Nominal GDP in local currency.

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.

In 2024, Japan had the highest level of total non-financial debt among advanced economies, reaching 394 percent of the country's GDP. Total non-financial debt includes government debt, as well as private and business debt. Debt of the financial sector is not included in the figures.

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.

In 2024, the net government debt to gross domestic product (GDP) ratio of Japan was estimated at about 156 percent. The government debt ratio of the United States was over 96 percent. Saudi Arabia, who had the lowest net debt, had a debt ratio of only 14.1 percent.

The United States recorded a Government Debt to GDP of 124.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - United States Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Among the largest economies worldwide, Italy has the highest public debt interest payment to gross domestic product (GDP) ratio. In 2023, Italy paid 3.6 percent of its GDP in public debt interest payments. Among the countries in the list, Japan had the lowest public debt interest payment to GDP ratio, at 0.12 percent.

Key information about Chile Government Debt: % of GDP

• Chile Government debt accounted for 44.0 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 40.9 % in the previous quarter.
• Chile government debt to GDP ratio data is updated quarterly, available from Mar 2002 to Sep 2024.
• The data reached an all-time high of 44.0 % in Sep 2024 and a record low of 3.3 % in Jun 2008.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Chilean Budget Estimation Directory provides Government Debt in USD. The Central Bank of Chile provides Nominal GDP in local currency. The Central Bank of Chile average market exchange rate is used for currency conversions. Government Debt covers Central Government only.


Related information about Chile Government Debt: % of GDP

• In the latest reports, Chile National Government Debt reached 141.5 USD bn in Sep 2024.
• The country's Nominal GDP reached 86.4 USD bn in Mar 2023.

China recorded a Government Debt to GDP of 88.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - China Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about European Union Government Debt: % of GDP

• European Union Government debt accounted for 81.6 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 81.5 % in the previous quarter.
• EU government debt to GDP ratio data is updated quarterly, available from Mar 2000 to Sep 2024.
• The data reached an all-time high of 91.5 % in Mar 2021 and a record low of 62.4 % in Dec 2007.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. Eurostat provides Government Debt in EUR and Nominal GDP in EUR. European Union stands for EU27 excluding UK.


Related information about European Union Government Debt: % of GDP

• In the latest reports, EU National Government Debt reached 16,136.9 USD bn in Sep 2024.
• The country's Nominal GDP reached 4,430.4 USD bn in Mar 2023.

CA: Gross Public Debt: % of GDP: General Government data was reported at 125.417 % in Dec 2024. This records an increase from the previous number of 124.555 % for Sep 2024. CA: Gross Public Debt: % of GDP: General Government data is updated quarterly, averaging 110.210 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 140.775 % in Dec 2020 and a record low of 85.679 % in Mar 2008. CA: Gross Public Debt: % of GDP: General Government data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.QPSD: Gross Public Debt: % of GDP: General Government.

CA: Gross Public Debt: % of GDP: General Government: Debt Securities data was reported at 87.481 % in Dec 2024. This records an increase from the previous number of 87.214 % for Sep 2024. CA: Gross Public Debt: % of GDP: General Government: Debt Securities data is updated quarterly, averaging 70.969 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 95.337 % in Mar 2021 and a record low of 48.643 % in Mar 2008. CA: Gross Public Debt: % of GDP: General Government: Debt Securities data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.QPSD: Gross Public Debt: % of GDP: General Government.

This statistic shows the national debt of important industrial and emerging countries in 2023 in relation to the gross domestic product (GDP). In 2023, the national debt of China was at about 83.64 percent of the gross domestic product.

CA: Gross Public Debt: % of GDP: General Government: Other Accounts Payable data was reported at 17.919 % in Dec 2024. This records an increase from the previous number of 17.736 % for Sep 2024. CA: Gross Public Debt: % of GDP: General Government: Other Accounts Payable data is updated quarterly, averaging 15.341 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 20.768 % in Mar 2022 and a record low of 12.806 % in Jun 2003. CA: Gross Public Debt: % of GDP: General Government: Other Accounts Payable data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.QPSD: Gross Public Debt: % of GDP: General Government.

Brazil recorded a Government Debt to GDP of 76.50 percent of the country's Gross Domestic Product in 2024. This dataset provides - Brazil Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Italy recorded a Government Debt to GDP of 135.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - Italy Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Accounts of Basque Administrations operation calculates the economic activity of the institutional units classified within the sector, such as General Administration of the Basque Government, the Provincial Councils with their Autonomous Bodies and public companies classified as public administration, all the associated municipalities in the Autonomous Community in addition to infra and supra-municipal Bodies. The consolidated total of these categories forms the Economic accounts of the Basque Administrations.