Italy vs Spain

Italy vs Spain: Government debt

Government debt in 2025: 137.1% of GDP in Italy and 100.5% of GDP in Spain, by IMF estimates. In 2025 the value was higher in Italy, by 36.6 percentage points, or 1.36 times that in Spain.

Watch it change on the map

% of GDP · IMF

Italy vs Spain: Government debtGovernment debt in 2025: 137.1% of GDP in Italy and 100.5% of GDP in Spain, by IMF estimates. In 2025 the value was higher in Italy, by 36.6 percentage points, or 1.36 times that in Spain.
ItalySpainIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Italy has been higher in every year both have figures for since 1988.
  • In 2025, Italy ranked 3 and Spain ranked 14 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Italy at 135.6% of GDP and Spain at 89.4% of GDP in 2031.

Every year

% of GDP · IMF

YearItalySpain
2025137.1100.5
2024134.7101.4
2023133.9105.2
2022138.4109.2
2021145.8115.6
2020154.4119.2
2019133.997.6
2018134.299.7
2017133.7101.1
2016134.2102
2015134.8102.4
2014134.8104.4
2013131.9100
2012125.989.6
2011119.169.5
2010118.860.3
2009116.153.1
2008105.839.6
2007103.535.7
2006106.339
2005106.242.4
2004104.745.3
2003105.147.7
2002105.951.2
2001108.554.1
2000108.757.8
1999113.160.9
1998113.962.4
1997116.564.3
1996118.965.4
1995119.161.6
1994130.857
1993124.154.6
199211344.1
1991105.341.9
1990101.741.3
198998.439.9
198895.738.5
1987–41.9
1986–42.1
1985–40.9
1984–36
1983–29.5
1982–24.4
1981–19.5
1980–16.1
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearItalySpain
2026137.997.6
2027137.695.2
202813793.2
2029136.292
2030135.890.7
2031135.689.4

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 Spain

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