Japan's national debt in relation to gross domestic product (GDP) 2024

The statistic shows Japan's national debt from 2014 to 2017 in relation to gross domestic product (GDP), with projections up until 2024. In 2017, the national debt of Japan amounted to about 234.99 percent of the gross domestic product.

An eye on Japan’s national debt

Japan’s national debt ranks first among countries with the highest debt levels in the world, far surpassing the debt levels of Greece - which ranks number two - whose financial crisis has been in the spotlight recently. Italy is third, followed by Jamaica, Lebanon and Enritrea. Currently, Japan’s national debt amounts more than a thousand trillion yen and the country’s debt is predicted to keep rising for the foreseeable future, albeit only slightly.

Japan’s national debt is not without consequence for the global economy, because the country claims the fourth-largest share in global gross domestic product. Therefore, the effects on the global economy would and could have a much greater global impact than that of a country such as Greece - considering its share of the global economy adjusted for purchase power parity was less than 0.29 percent in 2011. The debt levels of China, the United States and India should also be watched closely as they together make up the largest share of global GDP.

At the moment, Japan’s inflation rate is among the lowest in the world, but as Japan attempts to reduce its national debt, this could change.

Japan: National debt from 2014 to 2024 in relation to gross domestic product

National debt to GDP ratio
2024*237.56%
2023*237.68%
2022*238.07%
2021*238.37%
2020*237.64%
2019*237.69%
2018*237.13%
2017234.99%
2016236.34%
2015231.55%
2014236.07%
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Source

Release date

October 2019

Region

Japan

Survey time period

2014 to 2017

Supplementary notes

* Estimate.

Figures have been rounded to provide a better understanding of the statistic.

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Statistics on "Japan"

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