India vs Italy

India vs Italy: Government debt

Government debt: 84.8% of GDP in India in 2024 and 137.1% of GDP in Italy in 2025, by IMF estimates. In 2024 the value was higher in Italy, by 49.9 percentage points, or 1.59 times that in India.

% of GDP · IMF

India vs Italy: Government debtGovernment debt: 84.8% of GDP in India in 2024 and 137.1% of GDP in Italy in 2025, by IMF estimates. In 2024 the value was higher in Italy, by 49.9 percentage points, or 1.59 times that in India.
IndiaItalyIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Italy has been higher in every year both have figures for since 1991.
  • The IMF projection (World Economic Outlook, October 2026) puts India at 75.1% of GDP and Italy at 135.6% of GDP in 2031.

Every year

% of GDP · IMF

YearIndiaItaly
202584.3137.1
202484.8134.7
202384.8133.9
202284.4138.4
202185.5145.8
202090.4154.4
201976.5133.9
201871.6134.2
201770.7133.7
201669.8134.2
201569.7134.8
201467.6134.8
201368131.9
201268.1125.9
201168.7119.1
201067.7118.8
200972.7116.1
200874.3105.8
200775.4103.5
200677.9106.3
200582.4106.2
200484.9104.7
200385.9105.1
200284.3105.9
200180.1108.5
200074.9108.7
199971.3113.1
199869.3113.9
199769116.5
199667.1118.9
199570.9119.1
199474.8130.8
199378.3124.1
199278.8113
199176.7105.3
1990–101.7
1989–98.4
1988–95.7
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearIndiaItaly
202683.1137.9
202781.3137.6
202879.9137
202978.4136.2
203077135.8
203175.1135.6

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

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