Sunday, January 25, 2026

High Debt Countries 1-25-26

lists (both absolute and relative to GDP) include the U.S., China, Japan, U.K., France, with high Debt-to-GDP ratios also seen in Japan, Sudan, Singapore, Venezuela, Lebanon, and other advanced/vulnerable nations, showing massive government borrowing (U.S. over $38T) and high burdens relative to economic size (Japan near 250% GDP). 

 

Top Countries by Absolute Debt (Trillions USD - Recent Data)
These are some of the largest economies with huge borrowing:

United States: Around $38 Trillion+. 

China: Over $18 Trillion. 

Japan: Around $10 Trillion. 

United Kingdom: $4 Trillion. 

France: $3.4 Trillion. 

Top Countries by Debt-to-GDP Ratio (2025/2026 Estimates)
This shows the debt burden relative to economic output:

Sudan: Over 250% (highest in 2025).

Japan: Around 235-250%.

Singapore: 173-175%.

Venezuela: 164%.

Lebanon: 164%.

Greece, Italy, Eritrea, US, France, Bahrain, Maldives also feature high on this list. 

Key Trends for 2026

Advanced Economies Lead: Major economies like the U.S., Japan, U.K., France carry the most debt in absolute terms due to large spending.

High Ratios: Countries like Japan and Sudan have debt levels far exceeding their GDP, indicating significant financial strain.

Rising Chinese Debt: China's total debt-to-GDP has surged, nearing 336% in mid-2025, though much is corporate debt. 

Government Debt Projections for G7 Countries (2024-2029F)

Sep 25, 2024 — On the other hand, Japan is the G7 country with the greatest gross debt burden, with a projected debt-to-GDP ratio of 254.6% in 20...

As we enter 2026, there is no better time to review our finances. With ...

Jan 5, 2026 — In 2025, global debt remains high as advanced economies average 110% debt-to-GDP vs. 74%

In 2026, the countries with the highest debt are typically measured in two ways: by total gross debt (absolute dollar value) or by debt-to-GDP ratio (debt relative to the size of the economy). Based on recent data and 2026 projections from the International Monetary Fund (IMF) and other financial trackers, the leading nations are as follows: 

Top 20 Countries by Total Gross Debt (Trillions/Billions USD) 

The world's largest economies carry the highest absolute debt volumes, primarily due to the sheer scale of their public spending and infrastructure. 

United States: $38.43 trillion

China: $18.68 trillion

Japan: $9.83 trillion

United Kingdom: $4.09 trillion

France: $3.92 trillion

Italy: $3.48 trillion

India: $3.36 trillion

Germany: $3.23 trillion

Canada: $2.60 trillion

Brazil: $2.06 trillion

Spain: $1.8 trillion (est. based on 2025 trends)

South Korea: $1.2 trillion (est.)

Netherlands: $1.1 trillion (est.)

Mexico: $1.0 trillion (est.)

Australia: $0.9 trillion (est.)

Belgium: $0.6 trillion (est.)

Switzerland: $0.5 trillion (est.)

Singapore: $0.5 trillion (est.)

Saudi Arabia: $0.4 trillion (est.)

Turkey: $0.4 trillion (est.) 

Top 20 Countries by Debt-to-GDP Ratio

This metric is often considered a better indicator of a country's fiscal health, as it shows their ability to pay back debt. 

Sudan: 272%

Japan: 237%

Singapore: 173%

Venezuela: 164%

Lebanon: 164%

Greece: 146%

Italy: 139%

Bahrain: 135%

Maldives: 132%

United States: 123–125%

France: 112%

Canada: 111%

Spain: 108% (est.)

United Kingdom: 96%

Egypt: 95%

China: 88%

Argentina: 83%

Brazil: 77%

South Africa: 76%

Ghana: 71% 

https://www.google.com/search?q=what+20+countries+have+the+highest+debt+in+2026

Norb Leahy, Dunwoody GA Tea Party Leader

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