Belgium vs Italy

Belgium vs Italy: Government debt

Government debt in 2025: 107.9% of GDP in Belgium and 137.1% of GDP in Italy, by IMF estimates. In 2025 the value was higher in Italy, by 29.2 percentage points, or 1.27 times that in Belgium.

% of GDP · IMF

Belgium vs Italy: Government debtGovernment debt in 2025: 107.9% of GDP in Belgium and 137.1% of GDP in Italy, by IMF estimates. In 2025 the value was higher in Italy, by 29.2 percentage points, or 1.27 times that in Belgium.
BelgiumItalyIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Italy has been higher since 2001, when it overtook Belgium.
  • In 2025, Belgium ranked 9 and Italy ranked 3 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Belgium at 122.1% of GDP and Italy at 135.6% of GDP in 2031.

Every year

% of GDP · IMF

YearBelgiumItaly
2025107.9137.1
2024103.9134.7
2023102.5133.9
2022103.3138.4
2021108.7145.8
2020111.4154.4
201997.7133.9
2018100.1134.2
2017102.5133.7
2016105.5134.2
2015105.6134.8
2014106.6134.8
2013105131.9
2012104.3125.9
2011102.7119.1
2010100.2118.8
200999.9116.1
200893.2105.8
200787.3103.5
200691.5106.3
200595.1106.2
200497.2104.7
2003101.7105.1
2002105.4105.9
2001108.2108.5
2000109.6108.7
1999115.4113.1
1998119.2113.9
1997124.3116.5
1996129118.9
1995131.3119.1
1994137.1130.8
1993138.9124.1
1992134.7113
1991131.8105.3
1990130.3101.7
1989126.498.4
1988129.795.7
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
YearBelgiumItaly
2026109.8137.9
2027111.6137.6
2028114.1137
2029116.4136.2
2030119.3135.8
2031122.1135.6

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

Belgium vs Italy

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