By Niccolo Conte<\/p>\n\n\n\n See visuals like this from many other data creators on our Voronoi app<\/a>. Download it for free on iOS<\/a> or Android<\/a> and discover incredible data-driven charts from a variety of trusted sources.<\/em><\/p>\n\n\n\n Global government debt has reached $110.9 trillion in 2025, but which countries are the ones with the most of it?<\/p>\n\n\n\n This visualization shows the countries with the most general government gross debt in 2025 using data from the International Monetary Fund<\/a>\u2018s latest World Economic Outlook published in October of 2025.<\/p>\n\n\n\n Debt values were determined by using each country\u2019s debt-to-GDP ratio<\/a> and current GDP<\/a> for 2025.<\/p>\n\n\n\n The top five countries alone\u2014the United States, China, Japan, the United Kingdom, and France\u2014account for two-thirds of global government debt, together making up $74.8 trillion in debt.<\/p>\n\n\n\n The data table below shows the top 15 countries by the general government gross debt in 2025:<\/p>\n\n\n\n The United States continues to lead with $38.3 trillion in government debt, which accounts for just over one third of the global debt pile.<\/p>\n\n\n\n China and Japan follow with $18.7 trillion and $9.8 trillion respectively, meaning the top three countries combined account for 60% of the world\u2019s debt.<\/p>\n\n\n\n The United Kingdom, France, and Italy follow with $4.1 trillion, $3.9 trillion, and $3.5 trillion in government debt, respectively. These advanced economies have long carried high debt burdens<\/a>, both in dollar value and relative to their GDP, due to sustained fiscal programs and aging populations.<\/p>\n\n\n\n While the U.S. has just over double the value of China\u2019s government debt, the annual increase in both countries\u2019 government debt in 2025 wasn\u2019t quite as significant.<\/p>\n\n\n\n Government debt in the U.S. grew by $2.9 trillion in 2025, while China\u2019s grew by $2.2 trillion. Despite having the smaller dollar value, China\u2019s debt grew more on a percentage basis\u2014growing 13.6% annually compared to the U.S. debt growth of 8.4%.<\/p>\n\n\n\n Although Japan is notorious for its high debt-to-GDP ratio of 230%, in 2025 the country saw its debt-to-GDP ratio decline as it only grew its government debt by around $200 billion, or 2% on a percentage basis.<\/p>\n\n\n\n![\"Chart](\"https:\/\/www.visualcapitalist.com\/wp-content\/uploads\/2025\/10\/Government_Debt_Web.webp\")
<\/a><\/figure>\n\n\n\nRanked: Countries With the Most Government Debt in 2025<\/h2>\n\n\n\n
Key Takeaways<\/h3>\n\n\n\n
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Advanced Economies Make Up Most of World\u2019s Debt<\/h2>\n\n\n\n
Rank<\/th> Country<\/th> General government gross debt (trillions, USD)<\/th><\/tr><\/thead> 1<\/td> \ud83c\uddfa\ud83c\uddf8 U.S.<\/td> $38.27<\/td><\/tr> 2<\/td> \ud83c\udde8\ud83c\uddf3 China<\/td> $18.68<\/td><\/tr> 3<\/td> \ud83c\uddef\ud83c\uddf5 Japan<\/td> $9.83<\/td><\/tr> 4<\/td> \ud83c\uddec\ud83c\udde7 United Kingdom<\/td> $4.09<\/td><\/tr> 5<\/td> \ud83c\uddeb\ud83c\uddf7 France<\/td> $3.92<\/td><\/tr> 6<\/td> \ud83c\uddee\ud83c\uddf9 Italy<\/td> $3.48<\/td><\/tr> 7<\/td> \ud83c\uddee\ud83c\uddf3 India<\/td> $3.36<\/td><\/tr> 8<\/td> \ud83c\udde9\ud83c\uddea Germany<\/td> $3.23<\/td><\/tr> 9<\/td> \ud83c\udde8\ud83c\udde6 Canada<\/td> $2.60<\/td><\/tr> 10<\/td> \ud83c\udde7\ud83c\uddf7 Brazil<\/td> $2.06<\/td><\/tr> 11<\/td> \ud83c\uddea\ud83c\uddf8 Spain<\/td> $1.90<\/td><\/tr> 12<\/td> \ud83c\uddf2\ud83c\uddfd Mexico<\/td> $1.10<\/td><\/tr> 13<\/td> \ud83c\uddf8\ud83c\uddec Singapore<\/td> $1.01<\/td><\/tr> 14<\/td> \ud83c\uddf0\ud83c\uddf7 South Korea<\/td> $0.99<\/td><\/tr> 15<\/td> \ud83c\udde6\ud83c\uddfa Australia<\/td> $0.93<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Changes in Top Countries\u2019 Government Debt in 2025<\/h2>\n\n\n\n
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