This infographic shows the countries with the most government debt in 2025, based on data from the IMF World Economic Outlook (October 2025).
Here’s a summary of the key data:
Rank Country Government Debt
(USD Trillions)
1️⃣ 🇺🇸 United States = $38.3T
2️⃣ 🇨🇳 China = $18.7T
3️⃣ 🇯🇵 Japan = $9.8T
4️⃣ 🇬🇧 United Kingdom = $4.1T
5️⃣ 🇫🇷 France = $3.9T
6️⃣ 🇮🇹 Italy = $3.5T
7️⃣ 🇮🇳 India = $3.4T
8️⃣ 🇩🇪 Germany = $3.2T
9️⃣ 🇨🇦 Canada = $2.6T
🔟 🇧🇷 Brazil = $2.1T
11 🇪🇸 Spain = $1.9T
12 🇲🇽 Mexico = $1.1T
13 🇸🇬 Singapore = $1.0T
14 🇰🇷 South Korea = $1.0T
15 🇦🇺 Australia = $0.9T
🧾 Highlights:
The U.S. and China together account for over half of the world’s total government debt, which is around $110.96 trillion.
The top five countries (U.S., China, Japan, UK, France) hold about two-thirds of global government debt.
The U.S. debt alone ($38.3T) is more than double China’s debt.
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