Belgium vs Germany

Belgium vs Germany: Government debt

Government debt in 2025: 107.9% of GDP in Belgium and 62.7% of GDP in Germany, by IMF estimates. In 2025 the value was higher in Belgium, by 45.2 percentage points, or 1.72 times that in Germany.

Watch it change on the map

% of GDP · IMF

Belgium vs Germany: Government debtGovernment debt in 2025: 107.9% of GDP in Belgium and 62.7% of GDP in Germany, by IMF estimates. In 2025 the value was higher in Belgium, by 45.2 percentage points, or 1.72 times that in Germany.
BelgiumGermanyIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Belgium has been higher in every year both have figures for since 1991.
  • In 2025, Belgium ranked 9 and Germany ranked 51 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Belgium at 122.1% of GDP and Germany at 75.6% of GDP in 2031.

Every year

% of GDP · IMF

YearBelgiumGermany
2025107.962.7
2024103.961.4
2023102.561.8
2022103.364.1
2021108.767.4
2020111.467.5
201997.758.4
2018100.160.5
2017102.563.7
2016105.568.1
2015105.671
2014106.674.4
201310577.4
2012104.379.8
2011102.778.5
2010100.281
200999.972.4
200893.265.2
200787.363.7
200691.566.4
200595.167.1
200497.265
2003101.763.3
2002105.459.8
2001108.258.1
2000109.659.2
1999115.460.4
1998119.259.4
1997124.358.8
199612957.7
1995131.354.9
1994137.147.5
1993138.945.1
1992134.741.4
1991131.839
1990130.3–
1989126.4–
1988129.7–
1987129.2–
1986124.7–
1985119.4–
1984114.6–
1983110.3–
198299.6–
198189.7–
198076.8–
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearBelgiumGermany
2026109.864.6
2027111.667
2028114.169.3
2029116.471.5
2030119.373.6
2031122.175.6

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

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