Japan vs Sweden

Japan vs Sweden: Government debt

Government debt: 213.6% of GDP in Japan in 2024 and 34.6% of GDP in Sweden in 2025, by IMF estimates. In 2024 the value was higher in Japan, by 179.7 percentage points, or 6.31 times that in Sweden.

% of GDP · IMF

Japan vs Sweden: Government debtGovernment debt: 213.6% of GDP in Japan in 2024 and 34.6% of GDP in Sweden in 2025, by IMF estimates. In 2024 the value was higher in Japan, by 179.7 percentage points, or 6.31 times that in Sweden.
JapanSwedenIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Japan has been higher since 1994, when it overtook Sweden.
  • The IMF projection (World Economic Outlook, October 2026) puts Japan at 188.9% of GDP and Sweden at 30.7% of GDP in 2031.

Every year

% of GDP · IMF

YearJapanSweden
2025204.834.6
2024213.633.9
2023220.132.2
202222834.4
2021222.637.2
2020228.840.5
2019206.336
2018203.740.2
2017203.141.9
2016202.143.2
2015200.144.8
2014203.646.1
2013201.241.2
2012197.138.1
2011190.637.8
2010178.638.7
2009172.941.3
2008153.638
2007150.439.3
2006152.143.9
2005153.449
2004148.848.7
2003140.249.5
2002134.649.9
2001126.852
2000118.550.4
1999113.560.3
1998101.665.4
199791.367.7
199685.368.9
199580.768.7
199473.368.6
199363.266.1
199257.9–
199154.1–
199054.8–
198956.9–
198862.4–
198765.8–
198664.2–
198559.2–
198456.9–
198355.1–
198250.1–
198145.8–
198041.4–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearJapanSweden
2026199.435.1
2027196.435.5
2028193.834.8
2029191.533.6
2030190.132.3
2031188.930.7

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

Japan vs Sweden

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