China vs United States

China vs United States: Government debt

Government debt in 2025: 98.6% of GDP in China and 124.4% of GDP in United States, by IMF estimates. In 2025 the value was higher in United States, by 25.8 percentage points, or 1.26 times that in China.

% of GDP · IMF

China vs United States: Government debtGovernment debt in 2025: 98.6% of GDP in China and 124.4% of GDP in United States, by IMF estimates. In 2025 the value was higher in United States, by 25.8 percentage points, or 1.26 times that in China.
ChinaUnited StatesIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • United States has been higher in every year both have figures for since 2001.
  • In 2025, China ranked 17 and United States ranked 6 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts China at 122.1% of GDP and United States at 145% of GDP in 2031.

Every year

% of GDP · IMF

YearChinaUnited States
202598.6124.4
202490.5122.3
202384.1120
202277.3119.2
202172.1125
202070.6132.6
201959.9108.8
201855.7107.7
201753.7106.5
201650107.5
201540.9105.5
201439.4105
201336.6105
201233.9103.7
201133100
201033.195.7
200933.987.1
200826.673.9
200728.865
200625.264.6
20052665.8
200425.966.4
200326.459
200225.555.9
200124.253.5
200022.6–
199921.6–
199820.4–
199720.4–
199621.2–
199521.4–
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearChinaUnited States
2026104.4126.8
2027109.1128.7
2028113.2132.3
2029116.4136.4
2030119.5140.7
2031122.1145

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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