Italy vs Japan

Italy vs Japan: Government debt

Government debt: 137.1% of GDP in Italy in 2025 and 213.6% of GDP in Japan in 2024, by IMF estimates. In 2024 the value was higher in Japan, by 78.9 percentage points, or 1.59 times that in Italy.

% of GDP · IMF

Italy vs Japan: Government debtGovernment debt: 137.1% of GDP in Italy in 2025 and 213.6% of GDP in Japan in 2024, by IMF estimates. In 2024 the value was higher in Japan, by 78.9 percentage points, or 1.59 times that in Italy.
ItalyJapanIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Japan has been higher since 1999, when it overtook Italy.
  • The IMF projection (World Economic Outlook, October 2026) puts Italy at 135.6% of GDP and Japan at 188.9% of GDP in 2031.

Every year

% of GDP · IMF

YearItalyJapan
2025137.1204.8
2024134.7213.6
2023133.9220.1
2022138.4228
2021145.8222.6
2020154.4228.8
2019133.9206.3
2018134.2203.7
2017133.7203.1
2016134.2202.1
2015134.8200.1
2014134.8203.6
2013131.9201.2
2012125.9197.1
2011119.1190.6
2010118.8178.6
2009116.1172.9
2008105.8153.6
2007103.5150.4
2006106.3152.1
2005106.2153.4
2004104.7148.8
2003105.1140.2
2002105.9134.6
2001108.5126.8
2000108.7118.5
1999113.1113.5
1998113.9101.6
1997116.591.3
1996118.985.3
1995119.180.7
1994130.873.3
1993124.163.2
199211357.9
1991105.354.1
1990101.754.8
198998.456.9
198895.762.4
1987–65.8
1986–64.2
1985–59.2
1984–56.9
1983–55.1
1982–50.1
1981–45.8
1980–41.4
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearItalyJapan
2026137.9199.4
2027137.6196.4
2028137193.8
2029136.2191.5
2030135.8190.1
2031135.6188.9

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

Italy vs Japan

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