Makrognosis

Government Debt to GDP by country

Government Debt to GDP compared across 38 economies, ranked from highest to lowest on each country's latest official figure. Singapore has the highest government Debt to GDP at 166.1% (2025) and Estonia the lowest at 26.1% (Q2 2026); the median is 65.4%.

Government Debt to GDP by countrySingapore166.1%Greece140.8%Italy139.9%Canada131.3%United States121.7%France119.1%Belgium110.2%Spain101.4%United Kingdom101.1%Portugal92.5%Finland90.2%Austria83.6%Brazil82.9%South Africa78.4%Argentina78.1%…Romania59.4%Mexico50.9%Thailand49.5%Ghana45.7%Czech Republic43.8%Netherlands43.7%Chile43.0%Switzerland40.1%Australia37.9%Ireland35.3%Sweden35.3%Peru29.2%Bulgaria28.7%Denmark27.1%Estonia26.1%
Government Debt to GDP by country, latest value, %. Sources: the national statistical agencies and central banks named on each country page.

Ranking

#EconomyPeriodLatest (%)
1Singapore2025166.1%
2GreeceQ2 2026140.8%
3ItalyQ2 2026139.9%
4CanadaQ2 2026131.3%
5United StatesQ3 2026121.7%
6FranceQ2 2026119.1%
7BelgiumQ2 2026110.2%
8SpainQ2 2026101.4%
9United KingdomQ3 2026101.1%
10PortugalQ2 202692.5%
11FinlandQ2 202690.2%
12AustriaQ2 202683.6%
13BrazilSep 202682.9%
14South AfricaQ3 202678.4%
15Argentina202578.1%
16HungaryQ2 202675.6%
17Pakistan202570.7%
18Morocco202566.6%
19Panama202565.4%
20PolandQ2 202664.5%
21GermanyQ2 202663.4%
22Colombia202562.9%
23NorwayQ2 202660.8%
24RomaniaQ2 202659.4%
25MexicoQ3 202650.9%
26Thailand202549.5%
27GhanaAug 202645.7%
28Czech RepublicQ2 202643.8%
29NetherlandsQ2 202643.7%
30ChileQ2 202643.0%
31Switzerland202540.1%
32AustraliaQ2 202637.9%
33IrelandQ2 202635.3%
34SwedenQ2 202635.3%
35PeruQ1 202629.2%
36BulgariaQ2 202628.7%
37DenmarkQ2 202627.1%
38EstoniaQ2 202626.1%

Each economy links to its own page with the chart, recent history and API code. Latest data as of Q3 2026.

Also covered

These economies publish government Debt to GDP in another unit or frequency, so they are listed rather than ranked.

Euro Area Q2 2026European Union Q2 2026
Get government Debt to GDP for every country in one API

Guessable codes, agency-direct, updated on release. Free tier available.

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FAQ

Which country has the highest government Debt to GDP?
Singapore, at 166.1% in 2025, the highest of the 38 economies compared.
Which country has the lowest government Debt to GDP?
Estonia, at 26.1% in Q2 2026.
How many countries does Makrognosis cover for government Debt to GDP?
38 economies have a current government Debt to GDP series (latest data as of Q3 2026); each has its own page with a chart, recent observations and an API code.