Public Debt (% of GDP)

Public Debt (% of GDP)

Public debt, sometimes also referred to as government debt, represents the total outstanding debt (bonds and other securities) of a country’s central government. It is often expressed as a ratio of Gross Domestic Product (GDP). Public debt can be raised both externally and internally, where external debt is the debt owed to lenders outside the country and internal debt represents the government’s obligations to domestic lenders. Public debt is an important source of resources for a government to finance public spending and fill holes in the budget. Public debt as a percentage of GDP is usually used as an indicator of the ability of a government to meet its future obligations.

The table below shows public debt as a percentage of Gross Domestic Product (GDP) by country for the last five years.

Looking for forecasts? FocusEconomics Consensus Forecasts cover approx. 30 macro-economic indicators per country for a 5-year forecast period and quarterly forecasts for the most important economic variables. Get Details.

Public Debt Data

2015 2016 2017 2018 2019
Albania74.073.270.268.066.6
Algeria8.720.527.138.146.3
Angola57.175.769.389.0-  
Argentina52.653.156.686.089.4
Armenia44.151.953.751.350.0
Australia37.740.541.141.545.0
Austria84.982.978.374.070.4
Azerbaijan35.050.753.248.4-  
Bahrain60.471.879.580.783.0
Bangladesh33.733.333.434.635.7
Belarus46.947.247.245.444.8
Belgium10510510299.898.6
Belize82.788.996.496.699.7
Bolivia40.946.551.353.958.0
Bosnia and Herzegovina45.544.139.234.3-  
Botswana23.221.318.118.918.7
Brazil65.569.873.776.575.8
Brunei3.03.02.82.6-  
Bulgaria26.029.325.322.320.4
Cambodia31.229.130.028.6-  
Canada91.291.790.589.7-  
Chile17.321.023.625.627.9
China15.516.116.216.317.0
Colombia42.943.844.948.247.2
Costa Rica41.045.148.453.258.5
Croatia84.380.877.874.773.2
Cyprus10810393.910195.5
Czech Republic40.036.834.732.630.8
DR Congo-  -  -  -  -  
Denmark39.837.235.833.933.2
Dominican Republic44.746.648.950.453.6
Ecuador33.038.244.646.050.2
Egypt93.110310897.390.2
El Salvador70.872.673.672.773.3
Estonia10.010.29.38.48.4
Ethiopia55.857.761.157.6-  
Eurozone90.990.087.885.884.1
Finland63.663.261.359.659.4
France95.698.098.398.198.1
Georgia36.840.339.939.941.2
Germany72.169.265.361.959.8
Ghana55.157.357.259.1-  
Greece176179176181177
Guatemala24.925.225.226.226.9
Haiti30.333.731.033.3-  
Hong Kong0.10.10.10.10.3
Hungary76.275.572.970.266.3
Iceland65.051.243.237.4-  
India68.868.769.469.471.9
Indonesia27.028.029.430.130.4
Iran38.447.539.531.8-  
Iraq56.964.358.949.3-  
Ireland76.773.867.763.558.8
Israel63.861.859.960.459.6
Italy135135134135135
Jamaica12211410194.4-  
Japan231236234236237
Jordan92.493.894.394.496.6
Kazakhstan22.828.226.326.025.2
Kenya50.254.556.059.362.1
Korea37.337.636.737.940.7
Kosovo13.114.416.216.917.5
Kyrgyzstan67.159.158.954.854.1
Laos53.154.255.857.460.6
Latvia37.340.939.337.236.9
Lebanon141146150155171
Lithuania42.639.739.133.836.3
Luxembourg22.020.122.321.022.1
Malaysia53.651.950.151.252.5
Malta58.055.550.345.643.1
Mexico45.449.446.946.847.1
Moldova37.835.631.829.727.3
Mongolia62.187.684.673.3-  
Montenegro66.264.464.270.177.2
Morocco63.764.965.165.266.2
Mozambique94.213010199.8-  
Myanmar35.837.838.336.338.2
Netherlands64.661.956.952.448.6
New Zealand35.133.731.830.428.1
Nigeria20.323.425.327.2-  
North Macedonia38.139.939.440.640.2
Norway33.437.237.839.440.6
Oman15.532.746.453.562.6
Pakistan61.865.565.169.983.7
Panama37.437.337.639.446.4
Paraguay15.117.318.219.421.3
Peru23.323.924.925.826.8
Philippines42.740.240.239.939.6
Poland51.354.350.648.846.0
Portugal131132126122118
Puerto Rico95.191.892.9-  -  
Qatar35.546.749.844.652.3
Romania37.837.335.134.735.2
Russia13.513.214.614.915.3
Saudi Arabia5.813.117.219.022.8
Serbia69.567.659.353.752.0
Singapore99.5105106109126
Slovakia51.952.051.349.448.0
Slovenia82.678.774.170.466.1
South Africa49.351.553.056.762.2
Spain99.399.298.697.695.5
Sri Lanka77.779.077.983.786.8
Sweden43.942.240.838.835.1
Switzerland30.028.929.3-  -  
Taiwan36.636.235.535.1-  
Tajikistan34.742.150.447.944.6
Tanzania37.137.037.738.6-  
Thailand43.741.041.141.841.2
Trinidad and Tobago53.958.361.860.163.2
Tunisia55.462.470.277.972.2
Turkey27.528.228.230.433.1
Turkmenistan21.824.128.829.1-  
USA104107105107108
Uganda34.337.139.741.4-  
Ukraine79.180.971.860.950.3
United Arab Emirates18.720.220.019.1-  
United Kingdom86.986.886.285.785.4
Uruguay62.961.460.763.566.3
Uzbekistan7.18.620.220.429.3
Venezuela74.792.3120-  -  
Vietnam61.063.761.458.4-  
Yemen65.579.684.364.8-  
Zambia62.360.761.978.1-  

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