Germany vs India

Germany vs India: Government debt

Government debt: 62.7% of GDP in Germany in 2025 and 84.8% of GDP in India in 2024, by IMF estimates. In 2024 the value was higher in India, by 23.4 percentage points, or 1.38 times that in Germany.

% of GDP · IMF

Germany vs India: Government debtGovernment debt: 62.7% of GDP in Germany in 2025 and 84.8% of GDP in India in 2024, by IMF estimates. In 2024 the value was higher in India, by 23.4 percentage points, or 1.38 times that in Germany.
GermanyIndiaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • India has been higher since 2016, when it overtook Germany.
  • The IMF projection (World Economic Outlook, October 2026) puts Germany at 75.6% of GDP and India at 75.1% of GDP in 2031.

Every year

% of GDP · IMF

YearGermanyIndia
202562.784.3
202461.484.8
202361.884.8
202264.184.4
202167.485.5
202067.590.4
201958.476.5
201860.571.6
201763.770.7
201668.169.8
20157169.7
201474.467.6
201377.468
201279.868.1
201178.568.7
20108167.7
200972.472.7
200865.274.3
200763.775.4
200666.477.9
200567.182.4
20046584.9
200363.385.9
200259.884.3
200158.180.1
200059.274.9
199960.471.3
199859.469.3
199758.869
199657.767.1
199554.970.9
199447.574.8
199345.178.3
199241.478.8
19913976.7
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearGermanyIndia
202664.683.1
20276781.3
202869.379.9
202971.578.4
203073.677
203175.675.1

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.
  • 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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