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Japan Government Gross Debt to GDP

Japan's general government gross debt to GDP fell to 237% in 2024, its lowest since 2019, from 240% in 2023. This decrease resulted from nominal GDP growth exceeding debt increases and fiscal consolidation. Higher revenues from consumption and corporate taxes, alongside the Bank of Japan's bond management, support debt ratio stability. Japan's record low general government gross debt to GDP was 50.6% in 1980 and record high was 258.4% in 2020.

Yearly Historical Data (1980-2024)

(in %)
Year Government Gross Debt to GDP
2024 237%
2023 240%
2022 248.3%
2021 253.7%
2020 258.4%
2019 236.4%
2018 232.4%
2017 231.3%
2016 232.4%
2015 228.3%
2014 233.3%
2013 229.5%
2012 226.1%
2011 219.2%
2010 205.9%
2009 198.8%
2008 180.7%
2007 172.8%
2006 176.3%
2005 176.6%
2004 171.7%
2003 169.6%
2002 164%
2001 144.4%
2000 135.4%
1999 127%
1998 113.2%
1997 100.5%
1996 99%
1995 91.2%
1994 83.3%
1993 77.3%
1992 71.2%
1991 66.5%
1990 67%
1989 67.3%
1988 70.4%
1987 72.5%
1986 69.9%
1985 66.7%
1984 66.3%
1983 64.8%
1982 59.3%
1981 55.3%
1980 50.6%
Japan Government Gross Debt to GDP : Definition
Japan's general government gross debt to GDP shows its total government debt relative to its economic output. It's calculated by dividing the government's total debt before subtracting assets by the country's GDP. A higher ratio suggests greater debt burden.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 4.7% 3.8% Dec'24
Interest Rate 0.5% 0.5% Sep'25
Private Credit (% GDP) 196.87% 195.22% 2024