In 2023, the net government debt to gross domestic product (GDP) ratio of Japan was estimated at about 159 percent. The government debt to GDP ratio of the United States was over 95 percent. Canada, who had the lowest net debt, had a debt ratio of only 12.8 percent of its GDP.
Government net debt as a share of gross domestic product in G20 countries in 2023
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Net debt as a share of annual GDP
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The G20 is an international organization whose permanent members are 19 countries and the European Union. Data for the European Union has been excluded due to overlap with G20 members France, Germany, and Italy.
*Numbers are estimates.
Numbers were not available for Argentina, China, India, and Russia.
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IMF. (April 12, 2024). Government net debt as a share of gross domestic product in G20 countries in 2023 [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/722971/g20-public-debt-to-gdp-ratio/
IMF. "Government net debt as a share of gross domestic product in G20 countries in 2023." Chart. April 12, 2024. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/722971/g20-public-debt-to-gdp-ratio/
IMF. (2024). Government net debt as a share of gross domestic product in G20 countries in 2023. Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/722971/g20-public-debt-to-gdp-ratio/
IMF. "Government Net Debt as a Share of Gross Domestic Product in G20 Countries in 2023." Statista, Statista Inc., 12 Apr 2024, https://www.statista.com/statistics/722971/g20-public-debt-to-gdp-ratio/
IMF, Government net debt as a share of gross domestic product in G20 countries in 2023 Statista, https://www.statista.com/statistics/722971/g20-public-debt-to-gdp-ratio/ (last visited July 27, 2024)
Government net debt as a share of gross domestic product in G20 countries in 2023 [Graph], IMF, April 12, 2024. [Online]. Available: https://www.statista.com/statistics/722971/g20-public-debt-to-gdp-ratio/
