Germany vs Italy

Germany vs Italy: Government debt

Government debt in 2025: 62.7% of GDP in Germany and 137.1% of GDP in Italy, by IMF estimates. In 2025 the value was higher in Italy, by 74.4 percentage points, or 2.19 times that in Germany.

% of GDP · IMF

Germany vs Italy: Government debtGovernment debt in 2025: 62.7% of GDP in Germany and 137.1% of GDP in Italy, by IMF estimates. In 2025 the value was higher in Italy, by 74.4 percentage points, or 2.19 times that in Germany.
GermanyItalyIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Italy has been higher in every year both have figures for since 1991.
  • In 2025, Germany ranked 51 and Italy ranked 3 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Germany at 75.6% of GDP and Italy at 135.6% of GDP in 2031.

Every year

% of GDP · IMF

YearGermanyItaly
202562.7137.1
202461.4134.7
202361.8133.9
202264.1138.4
202167.4145.8
202067.5154.4
201958.4133.9
201860.5134.2
201763.7133.7
201668.1134.2
201571134.8
201474.4134.8
201377.4131.9
201279.8125.9
201178.5119.1
201081118.8
200972.4116.1
200865.2105.8
200763.7103.5
200666.4106.3
200567.1106.2
200465104.7
200363.3105.1
200259.8105.9
200158.1108.5
200059.2108.7
199960.4113.1
199859.4113.9
199758.8116.5
199657.7118.9
199554.9119.1
199447.5130.8
199345.1124.1
199241.4113
199139105.3
1990–101.7
1989–98.4
1988–95.7
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearGermanyItaly
202664.6137.9
202767137.6
202869.3137
202971.5136.2
203073.6135.8
203175.6135.6

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

Germany vs Italy

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