Countries with the Most Government Debt (% of GDP) (2026)
Source: IMF World Economic Outlook·25 countries·Updated 2026
Government debt has ballooned globally since the pandemic. In 2026, {#1} carries the heaviest burden at {#1_value} of GDP. Here are the 25 most indebted countries.
Japan leads with govt gross debt (% of gdp) of 226.8%.
Singapore ranks #2 at 176.3%.
Sudan ranks #3 at 172.4%.
Venezuela, RB ranks #4 at 164.3%.
Lebanon ranks #5 at 163.8%.
Top 25 Countries by Govt Gross Debt (% of GDP)
| # | Country | Govt Gross Debt (% of GDP) | Year |
|---|---|---|---|
| 1 |  Japan | 226.8% | 2026 |
| 2 |  Singapore | 176.3% | 2026 |
| 3 |  Sudan | 172.4% | 2026 |
| 4 |  Venezuela, RB | 164.3% | 2024 |
| 5 |  Lebanon | 163.8% | 2024 |
| 6 |  Bahrain | 146.4% | 2026 |
| 7 |  Greece | 141.9% | 2026 |
| 8 |  Italy | 138.3% | 2026 |
| 9 |  Maldives | 135.9% | 2026 |
| 10 |  United States | 128.7% | 2026 |
| 11 |  Senegal | 124.3% | 2026 |
| 12 |  Bhutan | 121.1% | 2026 |
| 13 |  France | 119.6% | 2026 |
| 14 |  Zambia | 114.9% | 2024 |
| 15 |  Canada | 113.0% | 2026 |
| 16 |  Belgium | 110.6% | 2026 |
| 17 |  Ukraine | 110.4% | 2026 |
| 18 |  United Kingdom | 104.8% | 2026 |
| 19 |  China | 102.3% | 2026 |
| 20 |  Cabo Verde | 101.0% | 2026 |
| 21 |  Sri Lanka | 100.8% | 2024 |
| 22 |  Mozambique | 99.9% | 2026 |
| 23 |  Spain | 98.7% | 2026 |
| 24 |  Brazil | 95.0% | 2026 |
| 25 |  Barbados | 94.6% | 2026 |
Data from 190 countries is available. View full rankings →
FAQ
What is the highest govt gross debt (% of gdp) in 2026?
Japan has the highest govt gross debt (% of gdp) at 226.8% in 2026.
How many countries are included in this ranking?
This article features the top 25 countries out of 190 with available data. Full rankings available on the indicator page.
Where does this data come from?
Data is sourced from the IMF World Economic Outlook. It is updated regularly as new releases become available.