Japan, once the world's second largest economy, has slipped to fifth place. Japan ranks first among countries with the highest government debt in the world. Its government debt has reached 237% of its GDP. By the end of 2025, Japan's government debt will reach 1,342.172 trillion yuan, or $8.6 trillion. Of this, external debt comprises $4.71 trillion.
Singapore has the second highest government debt, accounting for 173% of GDP. It is followed by Greece (154%), Italy (154%), the world's largest economy, the United States (154%), France (154%), Canada (154%), Belgium (154%), Spain (154%) and Portugal (154%). The UK (154%), Ukraine, which has been embroiled in war for several years (154%), China (154%), the Euro Area (154%), Argentina (154%) and Finland (154%) are also ahead of India on this list.
Government Debt to GDP (%)⁰
Japan — 237%⁰ Singapore — 173%⁰ Greece — 154%⁰ Italy — 135%⁰ United States — 124%⁰ France — 113%⁰ Canada — 111%⁰ Belgium — 104%⁰ Spain — 102%⁰ Portugal — 93.6%⁰ United Kingdom — 93.6%⁰ Ukraine — 89.8%⁰ China —…— World of Statistics (@stats_feed) February 16, 2026
India's situation
India ranks 17th in this list. Government debt in India is 81.9% of its GDP. India is followed by Austria, where total government debt is 81.8% of GDP. For the European Union, this figure is 80.7%, South Africa 76.9%, Brazil 76.5%, Hungary 73.5%, Slovenia 67% and Germany 62.2%. European country Switzerland has a government debt of 15.7 percent of its GDP, followed by Russia, Kosovo, Bosnia-Herzegovina, Estonia, Bulgaria, Turkey and Saudi Arabia.
Netflix's sensational 'Can This Love Be Translated?' Viewers have made this South Korean romantic comedy the number one webseries
. Source
