Major Countries Debt to GDP Ratio Ranking (2024)
In 2024, Debt to GDP Ratio among major countries was highest in Japan at 237%, followed by Italy at 135% and the United States at 124%. The average ratio across major countries was 78.17%, the median was 76.50%, and Russia recorded the lowest ratio at 16.40%, according to data from various central banks.
Data is available for the period 1940 to 2024 across 21 countries.
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | 237% | 240% | 2024 | |
| 2 | 135% | 135% | 2024 | |
| 3 | 124% | 122% | 2024 | |
| 4 | 113% | 110% | 2024 | |
| 5 | 111% | 108% | 2024 | |
| 6 | 102% | 105% | 2024 | |
| 7 | 95.9% | 95.5% | 2024 | |
| 8 | 88.3% | 82% | 2024 | |
| 9 | 81.9% | 81.8% | 2024 | |
| 10 | 76.5% | 73.8% | 2024 | |
| 11 | 62.2% | 62.3% | 2024 | |
| 12 | 49.7% | 53.1% | 2024 | |
| 13 | 46.8% | 45.5% | 2024 | |
| 14 | 43.8% | 42.8% | 2024 | |
| 15 | 43.7% | 45.8% | 2024 | |
| 16 | 38.8% | 39.2% | 2024 | |
| 17 | 26.2% | 23% | 2024 | |
| 18 | 24.7% | 29.3% | 2024 | |
| 19 | 16.4% | 16.7% | 2024 |
Major Countries Debt to GDP Ratio Ranking (2024) : Definition
Debt to GDP Ratio is a measure of a country's debt compared to the size of its economy.