Brazil vs Spain: Government debt

Government debt in 2025: 93.3% of GDP in Brazil and 100.5% of GDP in Spain, by IMF estimates. In 2025 the value was higher in Spain, by 7.2 percentage points, or 1.08 times that in Brazil.

Watch it change on the map

% of GDP · IMF

BrazilSpainIMF projection (World Economic Outlook, October 2026)

What the numbers say

Spain has been higher since 2011, when it overtook Brazil.
In 2025, Brazil ranked 22 and Spain ranked 14 of 149 countries, counting from the highest.
The IMF projection (World Economic Outlook, October 2026) puts Brazil at 105.3% of GDP and Spain at 89.4% of GDP in 2031.

Every year

% of GDP · IMF

Year	Brazil	Spain
2025	93.3	100.5
2024	87	101.4
2023	84	105.2
2022	83.9	109.2
2021	88.9	115.6
2020	96	119.2
2019	87.1	97.6
2018	84.8	99.7
2017	82.8	101.1
2016	77.4	102
2015	71.7	102.4
2014	61.6	104.4
2013	59.6	100
2012	61.6	89.6
2011	60.6	69.5
2010	62.4	60.3
2009	64.7	53.1
2008	61.4	39.6
2007	63	35.7
2006	64.6	39
2005	67	42.4
2004	68	45.3
2003	71.5	47.7
2002	76.1	51.2
2001	67.3	54.1
2000	62.2	57.8
1999	–	60.9
1998	–	62.4
1997	–	64.3
1996	–	65.4
1995	–	61.6
1994	–	57
1993	–	54.6
1992	–	44.1
1991	–	41.9
1990	–	41.3
1989	–	39.9
1988	–	38.5
1987	–	41.9
1986	–	42.1
1985	–	40.9
1984	–	36
1983	–	29.5
1982	–	24.4
1981	–	19.5
1980	–	16.1

IMF projection (World Economic Outlook, October 2026) · 2026–2031

Year	Brazil	Spain
2026	97	97.6
2027	99.3	95.2
2028	101.3	93.2
2029	103.2	92
2030	104.5	90.7
2031	105.3	89.4

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

Brazil vs Spain: Government debt

What the numbers say

Every year

Each country on its own

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