Belgium vs Japan

Belgium vs Japan: Government debt

Government debt: 107.9% of GDP in Belgium in 2025 and 213.6% of GDP in Japan in 2024, by IMF estimates. In 2024 the value was higher in Japan, by 109.7 percentage points, or 2.06 times that in Belgium.

% of GDP · IMF

Belgium vs Japan: Government debtGovernment debt: 107.9% of GDP in Belgium in 2025 and 213.6% of GDP in Japan in 2024, by IMF estimates. In 2024 the value was higher in Japan, by 109.7 percentage points, or 2.06 times that in Belgium.
BelgiumJapanIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Japan has been higher since 2000, when it overtook Belgium.
  • The IMF projection (World Economic Outlook, October 2026) puts Belgium at 122.1% of GDP and Japan at 188.9% of GDP in 2031.

Every year

% of GDP · IMF

YearBelgiumJapan
2025107.9204.8
2024103.9213.6
2023102.5220.1
2022103.3228
2021108.7222.6
2020111.4228.8
201997.7206.3
2018100.1203.7
2017102.5203.1
2016105.5202.1
2015105.6200.1
2014106.6203.6
2013105201.2
2012104.3197.1
2011102.7190.6
2010100.2178.6
200999.9172.9
200893.2153.6
200787.3150.4
200691.5152.1
200595.1153.4
200497.2148.8
2003101.7140.2
2002105.4134.6
2001108.2126.8
2000109.6118.5
1999115.4113.5
1998119.2101.6
1997124.391.3
199612985.3
1995131.380.7
1994137.173.3
1993138.963.2
1992134.757.9
1991131.854.1
1990130.354.8
1989126.456.9
1988129.762.4
1987129.265.8
1986124.764.2
1985119.459.2
1984114.656.9
1983110.355.1
198299.650.1
198189.745.8
198076.841.4
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearBelgiumJapan
2026109.8199.4
2027111.6196.4
2028114.1193.8
2029116.4191.5
2030119.3190.1
2031122.1188.9

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 Japan

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