In 2022, the federal state of California had about 558.68 billion U.S. dollars of debt outstanding, the most out of any state. New York, Texas, Illinois, and Florida rounded out the top five states with the most debt outstanding in 2022.

In 2022, the federal state of New York had a debt of around ****** U.S. dollars per capita, the most out of any state in the U.S. While not a state, the District of Columbia had an even higher per capita debt, at ****** U.S. dollars. The total debt accrued by the U.S. annually can be accessed here, and outstanding debt by state here.

In the fiscal year of 2021, total state and local government debt in the state of New York amounted to 20.07 percent of the annual Gross Domestic Product of the state. In Kentucky, this figure amounted to 22.78 percent of the state's annual GDP, the highest of any state.

The national debt of the United Stated can be found here.

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.

Australia recorded a Government Debt to GDP of 43.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - Australia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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.

We use a model of multi-unit discriminatory auctions with asymmetrically informed risk-averse bidders to analyze Mexican sovereign bond auctions during periods of macroeconomic stress. We argue that the discriminatory protocol provides insurance benefits to the government in bad times because it allows for uninformed bids above the marginal price to be executed at the bid price. Uninformed investors are willing to make such bids if the infra-marginal risk premium is large enough to offset the winner’s curse. In crisis periods, we infer 1 p.p. lower borrowing costs in the worst states of the world, but 2.2 p.p. higher average costs.

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

Panama is the Latin American country with the highest foreign debt in relation to its gross domestic product (GDP). The total debt held by Panama's central government to foreign creditors represented over 50 percent of the country's GDP in 2022. Nicaragua ranked second among the countries shown in this statistic, with an external debt equivalent to 40.5 percent of its GDP.

This statistic shows the national debt of Syria from 2000 to 2009, with projections up until 2010, in relation to the gross domestic product (GDP). The figures refer to the whole country and include the debts of the state, the communities, the municipalities and the social insurances. In 2010, the estimated national debt of Syria amounted to approximately 30.02 percent of the GDP.

The financial situation of Syria

In the years leading up to the civil war in Syria, the level of debt in Syria in relation to GDP had decreased dramatically from 152 percent in 2000 to around 30 percent in 2010. During that same period, GDP growth was high, except for one downward spike in 2003, exports increased and the ratio of government expenditure to GDP was on the decline. But despite gains, the trade balance and the budget balance were still in the red. Syria also reported a fluctuating inflation rate, but in 2008, it reached 15 percent. The ratio of government expenditure also began to rise again between 2008 and 2010.

Tensions are also thought to have been caused by agricultural displacement, both economic and geographic: In 2001, almost 30 percent of the Syrian population worked in the agricultural sector, and by 2011, their share had been reduced to around 14 percent. The agricultural share in GDP also dropped during this period. This was likely caused by one of the worst droughts Syria had ever experienced, causing people to immigrate to the cities to find work, but during a time when unemployment was relatively high. Obviously, decreasing debt was overshadowed by other more important cultural, political and economic factors which led to the civil war.

This statistic shows the government revenue and spending in Spain from 2020 to 2023, with projections up until 2030. In 2023, government revenue in Spain amounted to around 628.28 billion euros, while government spending came to around 680.95 billion euros. The Spanish economy The Spanish economy not only ranked as one of the largest economies in Europe, but also in the world. Due to foreign investments in Latin America, high-caliber infrastructure and an increasing volume of exports, Spain’s economy remained at a relatively high standard up to present day. However, the Spanish economy has also experienced its ups and downs, particularly during the late 2000s and early 2010s. The global financial crisis of 2008 was the first step towards the slow collapse of the Spanish economy, which was then followed by the Eurozone crisis, which initially began in 2009. During these years, government spending dramatically exceeded government revenues and as a result, Spain was forced to absorb regularly increasing debt in order to sustain and preserve the state of the government. Unemployment was always a weakness within the Spanish economy, having never really reached economically appropriate standards for a country of its stature. Prior to the economic crisis, Spain’s unemployment rate remained relatively stable, however saw a sudden but dramatic rise during the following years and currently has the highest unemployment rate in the European Union, only surpassed by Greece, whose economy is arguably in the worst condition in all of Europe.

As of January 2025, the largest all-time bankruptcy in the United States remained Lehman Brothers. The New York-based investment bank had assets worth 691 billion U.S. dollars when it filed for bankruptcy on September 15, 2008. This event was one of the major points in the timeline of the Great Recession, as it was the first time a bank of its size had failed and had a domino effect on the global banking sector, as well as wiping almost five percent of the S&P 500 in one day. Bank failures in the U.S. In March 2023, for the first time since 2021, two banks collapsed in the United States. Both bank failures made the list of largest bankruptcies in terms of total assets lost: The failure of Silicon Valley Bank amounted to roughly 209 billion U.S. dollars worth of assets lost, while Signature Bank had approximately 110.4 billion U.S. dollars when it collapsed. These failures mark the second- and the third-largest bank failures in the U.S. since 2001. Unprofitable banks in the U.S. The collapse of Silicon Valley Bank and Signature Bank painted an alarming picture of the U.S. banking industry. In reality, however, the state of the industry was much better in 2022 than in earlier periods of economic downturns. The share of unprofitable banks, for instance, was 3.4 percent in 2022, which was an increase compared to 2021, but remained well below the share of unprofitable banks in 2020, let alone during the global financial crisis in 2008. The share of unprofitable banks in the U.S. peaked in 2009, when almost 30 percent of all FDIC-insured commercial banks and savings institutions were unprofitable.

This statistic shows the average inflation rate in Malaysia from 1987 to 2024, with projections up to 2030. In 2024, the average inflation rate in Malaysia amounted to about 1.83 percent compared to the previous year. Malaysia's economy is slowly recovering The inflation rate is the annual rate of increase of a price index, normally the consumer price index over time. If the same item bought today for 1 U.S. dollar is bought again one year from now, but for 1.03 U.S. dollars, then the inflation rate is at 3 percent. Generally, a low inflation rate is sought by every country, and a rate of 3 percent, as is estimated for Malaysia in the next few years, is considered low. However, there was a slight rise in Malaysia’s inflation rate, from close to 2 percent in 2010 to a little over 3 percent in 2011. In 2012, it dropped back down to its normal rate, but future estimates predict a slight increase once again. Perhaps this increase has come from initial worries concerning the country’s slowing economy as the country’s GDP growth slowed from 7.43 percent in 2010 to 5.19 percent in 2011, or its negative budget balance in relation to GDP which was at its recent worst in 2010 at -4.66 percent. At the same time, the country’s national debt was also rising, but predictions show that this trend is reversing. Yet, the economic outlook and inflation rate still appear stable for the future of Malaysia, and the inflation rate is below the global inflation rate. Furthermore, the country’s GDP continues to rise and totaled 326.93 billion U.S. dollars in 2013.