Spain vs Sweden

Spain vs Sweden: Government debt

Government debt in 2025: 100.5% of GDP in Spain and 34.6% of GDP in Sweden, by IMF estimates. In 2025 the value was higher in Spain, by 66 percentage points, or 2.91 times that in Sweden.

% of GDP · IMF

Spain vs Sweden: Government debtGovernment debt in 2025: 100.5% of GDP in Spain and 34.6% of GDP in Sweden, by IMF estimates. In 2025 the value was higher in Spain, by 66 percentage points, or 2.91 times that in Sweden.
SpainSwedenIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Spain has been higher since 2008, when it overtook Sweden.
  • In 2025, Spain ranked 14 and Sweden ranked 118 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Spain at 89.4% of GDP and Sweden at 30.7% of GDP in 2031.

Every year

% of GDP · IMF

YearSpainSweden
2025100.534.6
2024101.433.9
2023105.232.2
2022109.234.4
2021115.637.2
2020119.240.5
201997.636
201899.740.2
2017101.141.9
201610243.2
2015102.444.8
2014104.446.1
201310041.2
201289.638.1
201169.537.8
201060.338.7
200953.141.3
200839.638
200735.739.3
20063943.9
200542.449
200445.348.7
200347.749.5
200251.249.9
200154.152
200057.850.4
199960.960.3
199862.465.4
199764.367.7
199665.468.9
199561.668.7
19945768.6
199354.666.1
199244.1–
199141.9–
199041.3–
198939.9–
198838.5–
198741.9–
198642.1–
198540.9–
198436–
198329.5–
198224.4–
198119.5–
198016.1–
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearSpainSweden
202697.635.1
202795.235.5
202893.234.8
20299233.6
203090.732.3
203189.430.7

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

Spain vs Sweden

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