Japan vs Singapore

Japan vs Singapore: Government debt

Government debt in 2024: 213.6% of GDP in Japan and 165.8% of GDP in Singapore, by IMF estimates. In 2024 the value was higher in Japan, by 47.8 percentage points, or 1.29 times that in Singapore.

% of GDP · IMF

Japan vs Singapore: Government debtGovernment debt in 2024: 213.6% of GDP in Japan and 165.8% of GDP in Singapore, by IMF estimates. In 2024 the value was higher in Japan, by 47.8 percentage points, or 1.29 times that in Singapore.
JapanSingaporeIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Japan has been higher since 1994, when it overtook Singapore.
  • The IMF projection (World Economic Outlook, October 2026) puts Japan at 188.9% of GDP and Singapore at 169.2% of GDP in 2031.

Every year

% of GDP · IMF

YearJapanSingapore
2024213.6165.8
2023220.1170.4
2022228153.3
2021222.6139.9
2020228.8147.1
2019206.3127.7
2018203.7109.2
2017203.1107.3
2016202.1105.9
2015200.1102.1
2014203.697.8
2013201.298.2
2012197.1106.7
2011190.6103.1
2010178.698.7
2009172.9101.7
2008153.697.9
2007150.487.8
2006152.186.5
2005153.492.7
2004148.895.7
2003140.299.1
2002134.696.3
2001126.894.5
2000118.582.3
1999113.585.3
1998101.684.7
199791.370.8
199685.371.3
199580.769.8
199473.370.7
199363.271.2
199257.979
199154.176.4
199054.873.5
198956.9–
198862.4–
198765.8–
198664.2–
198559.2–
198456.9–
198355.1–
198250.1–
198145.8–
198041.4–
IMF projection (World Economic Outlook, October 2026) · 2025–2031
YearJapanSingapore
2025204.8165.7
2026199.4166.4
2027196.4167.1
2028193.8167.9
2029191.5168.5
2030190.1169
2031188.9169.2

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.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Japan vs Singapore

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