China vs Thailand

China vs Thailand: Government debt

Government debt: 98.6% of GDP in China in 2025 and 62.9% of GDP in Thailand in 2024, by IMF estimates. In 2024 the value was higher in China, by 27.6 percentage points, or 1.44 times that in Thailand.

Watch it change on the map

% of GDP · IMF

China vs Thailand: Government debtGovernment debt: 98.6% of GDP in China in 2025 and 62.9% of GDP in Thailand in 2024, by IMF estimates. In 2024 the value was higher in China, by 27.6 percentage points, or 1.44 times that in Thailand.
ChinaThailandIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • China has been higher since 2016, when it overtook Thailand.
  • The IMF projection (World Economic Outlook, October 2026) puts China at 122.1% of GDP and Thailand at 69.8% of GDP in 2031.

Every year

% of GDP · IMF

YearChinaThailand
202598.664.7
202490.562.9
202384.162.2
202277.360.6
202172.158.4
202070.649.4
201959.941.1
201855.741.9
201753.741.8
20165041.7
201540.942.6
201439.443.3
201336.642.2
201233.941.9
20113339.1
201033.139.8
200933.942.4
200826.635
200728.836
200625.239.2
20052645.5
200425.946.3
200326.447.5
200225.554.9
200124.257.5
200022.657.8
199921.656.6
199820.449.9
199720.440.5
199621.215.2
199521.4–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearChinaThailand
2026104.467.2
2027109.168.5
2028113.269.1
2029116.469.4
2030119.569.6
2031122.169.8

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

China vs Thailand

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