Outstanding domestic public debt securities to GDP (%) by country
Total amount of domestic public debt securities (amounts outstanding) issued in domestic markets as a share of GDP. It covers long-term bonds and notes, treasury bills, commercial paper and other short-term notes. Table 16A (domestic debt amount): governments / GDP. End of year data (i.e. December data) are...
What the numbers show
Outstanding domestic public debt securities to GDP (%) is currently reported for 32 countries. The highest value is 217.0% in Japan; the lowest is 13.7% in Russian Federation.
The median across all reporting countries is 40.5%, and the mean is 52.3%.
The gap between the highest and lowest reporting country is a factor of about 16.
Over the past decade 27 countries rose and 5 fell. The largest increase was in India (up 2,289.8%), and the largest decrease in Türkiye (down 32.4%).
Outstanding domestic public debt securities to GDP: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Japan | 217.0% | 2020 | up 22.9% | rising |
| 2 | Lebanon | 177.7% | 2020 | up 114.7% | rising |
| 3 | Canada | 89.7% | 2020 | up 42.4% | falling |
| 4 | Brazil | 88.9% | 2020 | up 41.3% | rising |
| 5 | Australia | 77.5% | 2020 | up 149.6% | rising |
| 6 | South Africa | 77.3% | 2020 | up 126.3% | rising |
| 7 | Hungary | 64.6% | 2020 | up 60.0% | rising |
| 8 | Malaysia | 63.5% | 2020 | up 42.5% | rising |
| 9 | Israel | 48.8% | 2020 | up 4.1% | rising |
| 10 | Republic of Korea | 48.8% | 2020 | up 65.4% | rising |
| 11 | China | 47.9% | 2020 | up 188.8% | rising |
| 12 | New Zealand | 47.9% | 2020 | up 62.4% | rising |
| 13 | Pakistan | 47.3% | 2020 | up 104.7% | rising |
| 14 | Singapore | 43.7% | 2020 | up 1.5% | rising |
| 15 | Croatia | 41.5% | 2020 | up 94.5% | rising |
| 16 | Denmark | 40.6% | 2020 | up 11.3% | falling |
| 17 | India | 40.3% | 2020 | up 2,289.8% | volatile |
| 18 | Thailand | 40.1% | 2020 | up 58.4% | rising |
| 19 | Mexico | 39.9% | 2020 | up 74.8% | rising |
| 20 | Colombia | 39.3% | 2020 | up 54.0% | rising |
| 21 | Philippines | 38.4% | 2020 | up 29.0% | flat |
| 22 | Iceland | 36.4% | 2020 | down 26.2% | volatile |
| 23 | Taiwan | 30.6% | 2020 | down 13.2% | rising |
| 24 | Indonesia | 26.1% | 2020 | up 175.7% | falling |
| 25 | Norway | 25.1% | 2020 | up 6.5% | rising |
| 26 | Argentina | 23.6% | 2020 | up 47.3% | rising |
| 27 | Sweden | 22.8% | 2020 | down 16.2% | falling |
| 28 | Türkiye | 19.8% | 2020 | down 32.4% | falling |
| 29 | Saudi Arabia | 18.7% | 2020 | up 122.1% | volatile |
| 30 | Switzerland | 18.3% | 2020 | down 11.0% | falling |
| 31 | Peru | 16.8% | 2020 | up 144.6% | rising |
| 32 | Russian Federation | 13.7% | 2020 | up 148.0% | rising |
About this data
Total amount of domestic public debt securities (amounts outstanding) issued in domestic markets as a share of GDP. It covers long-term bonds and notes, treasury bills, commercial paper and other short-term notes. Table 16A (domestic debt amount): governments / GDP. End of year data (i.e. December data) are considered for debt securities. The figures are deflated using the following methodology: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is the level domestic public debt, P_e is end-of period CPI, and P_a is average annual CPI. GDP is from World Development Indicators. End-of period CPI is taken from IFS line 64M..ZF month of December (or if not available Q4). Average annual CPI is constructed from the monthly CPI figure taken from IFS line 64..ZF.