Global government debt-to-GDP ratios hit record levels across major economies, with Japan at 204.4% and advanced economy average at 108.2%.
Macro & Markets ·
Japan's gross government debt-to-GDP ratio reached 204.4%, the highest among major world economies, while the advanced economy average stood at 108.2%. Italy, the United States, France, Canada, China, and the United Kingdom held ratios of 138.4%, 125.8%, 118.4%, 110.7%, 106.9%, and 103.6% respectively, with Germany at 64.6% as the only major economy below 100%. The U.S. ratio remains below its approximately 132.0% peak during 2020.