Countries by Government Debt (% of GDP) 2024
About This Dataset
Countries by Government Debt (% of GDP) 2024Japan's government debt stands at an unprecedented 255% of its GDP, far surpassing Greece's 163% and Italy's 140%. This stark contrast highlights Japan's long-standing economic challenges, including an aging population and stagnant growth, which have necessitated extensive borrowing. The U.S. and several European nations like France (111%) and Portugal (108%) also show high debt levels, but they are considerably lower than Japan and Greece. The trend suggests that while developed nations are grappling with high debt, Japan's situation is particularly acute, potentially leading to long-term economic implications if not addressed.
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