China vs Mexico

China vs Mexico: Government debt

Government debt in 2025: 98.6% of GDP in China and 61.7% of GDP in Mexico, by IMF estimates. In 2025 the value was higher in China, by 36.9 percentage points, or 1.6 times that in Mexico.

% of GDP · IMF

China vs Mexico: Government debtGovernment debt in 2025: 98.6% of GDP in China and 61.7% of GDP in Mexico, by IMF estimates. In 2025 the value was higher in China, by 36.9 percentage points, or 1.6 times that in Mexico.
ChinaMexicoIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • China has been higher since 2017, when it overtook Mexico.
  • In 2025, China ranked 17 and Mexico ranked 52 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts China at 122.1% of GDP and Mexico at 64.5% of GDP in 2031.

Every year

% of GDP · IMF

YearChinaMexico
202598.661.7
202490.559
202384.152.7
202277.353.8
202172.156.7
202070.658.5
201959.951.9
201855.752.2
201753.752.5
20165055
201540.951
201439.447.1
201336.644.1
201233.940.8
20113341.2
201033.140.2
200933.941.7
200826.640.6
200728.835.5
200625.235.8
20052636.8
200425.938.9
200326.442.1
200225.539.9
200124.237.3
200022.638.5
199921.641.7
199820.439.7
199720.439.1
199621.242.5
199521.4–
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearChinaMexico
2026104.462.1
2027109.162.9
2028113.263.4
2029116.464
2030119.564.3
2031122.164.5

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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