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Gross debt to GDP ratio in select largest economies worldwide from 2001 to 2025 with a forecast to 2030

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Gross debt to GDP ratio in select largest economies worldwide 2001-2025

Published by ÌÇÐÄÆƽâ°æ Research Department, Mar 12, 2026

From 2001 to 2025, Japan’s debt-to-GDP ratio has remained the highest among major economies, consistently above *** percent since around 2010. Italy, the United States, and Canada also exhibit high ratios, with Italy nearing *** percent by 2025. In contrast, Germany and Australia maintain lower ratios, generally below *** percent, indicating comparatively lower debt levels relative to economic output. A sharp increase in debt levels was visible around 2020 across most countries, reflecting economic challenges during that period.

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