Ethiopia vs India

Ethiopia vs India: Government debt

Government debt in 2024: 33.5% of GDP in Ethiopia and 84.8% of GDP in India, by IMF estimates. In 2024 the value was higher in India, by 51.3 percentage points, or 2.53 times that in Ethiopia.

% of GDP · IMF

Ethiopia vs India: Government debtGovernment debt in 2024: 33.5% of GDP in Ethiopia and 84.8% of GDP in India, by IMF estimates. In 2024 the value was higher in India, by 51.3 percentage points, or 2.53 times that in Ethiopia.
EthiopiaIndiaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • India has been higher since 2007, when it overtook Ethiopia.
  • The IMF projection (World Economic Outlook, October 2026) puts Ethiopia at 27.5% of GDP and India at 75.1% of GDP in 2031.

Every year

% of GDP · IMF

YearEthiopiaIndia
202433.584.8
202338.784.8
20224784.4
202153.885.5
202053.390.4
201954.776.5
201858.571.6
201755.370.7
201651.869.8
201550.769.7
201444.267.6
201344.168
201239.468.1
201144.668.7
201039.467.7
20093072.7
200856.174.3
200755.775.4
200679.677.9
200578.282.4
2004103.184.9
2003103.785.9
2002107.484.3
200197.380.1
200093.674.9
199997.871.3
199889.369.3
199780.369
1996132.867.1
1995146.670.9
1994155.274.8
199314178.3
199287.978.8
1991–76.7
IMF projection (World Economic Outlook, October 2026) · 2025–2031
YearEthiopiaIndia
202543.384.3
202640.783.1
20273781.3
202834.279.9
202931.878.4
203029.777
203127.575.1

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.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

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