Japan vs United States

Japan vs United States: Government debt

Government debt: 213.6% of GDP in Japan in 2024 and 124.4% of GDP in United States in 2025, by IMF estimates. In 2024 the value was higher in Japan, by 91.3 percentage points, or 1.75 times that in United States.

% of GDP · IMF

Japan vs United States: Government debtGovernment debt: 213.6% of GDP in Japan in 2024 and 124.4% of GDP in United States in 2025, by IMF estimates. In 2024 the value was higher in Japan, by 91.3 percentage points, or 1.75 times that in United States.
JapanUnited StatesIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Japan has been higher in every year both have figures for since 2001.
  • The IMF projection (World Economic Outlook, October 2026) puts Japan at 188.9% of GDP and United States at 145% of GDP in 2031.

Every year

% of GDP · IMF

YearJapanUnited States
2025204.8124.4
2024213.6122.3
2023220.1120
2022228119.2
2021222.6125
2020228.8132.6
2019206.3108.8
2018203.7107.7
2017203.1106.5
2016202.1107.5
2015200.1105.5
2014203.6105
2013201.2105
2012197.1103.7
2011190.6100
2010178.695.7
2009172.987.1
2008153.673.9
2007150.465
2006152.164.6
2005153.465.8
2004148.866.4
2003140.259
2002134.655.9
2001126.853.5
2000118.5–
1999113.5–
1998101.6–
199791.3–
199685.3–
199580.7–
199473.3–
199363.2–
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
YearJapanUnited States
2026199.4126.8
2027196.4128.7
2028193.8132.3
2029191.5136.4
2030190.1140.7
2031188.9145

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 United States

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