General government core debt at market value as a share of GDP

Quarter-end consolidated gross core debt of general government at market value from all lender sectors, divided by nominal GDP over the latest four quarters, in percent. Differs from the nominal valuation used for Maastricht debt.

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BIS core debt: loans and debt securities, plus currency and deposits for government. Includes domestic and foreign lenders. Households include non-profit institutions serving households; corporations include public and private non-financial corporations. Gross debt: financial assets are not deducted. Private sectors are unconsolidated; government is consolidated. Market valuation follows national sources; US private debt securities use face value. BIS break adjustments and some historical estimates are retained. Unlike World Bank domestic private credit, it excludes trade credit and covers all lender sectors. Not seasonally adjusted.

Key facts

Figures last updated on 2026-10-12.

Rankings

EU countries by general government core debt at market value as a share of GDP, Q1 2026

Top 15. Source: Bank for International Settlements.

Greece: 143.9 % of GDPGreece143.9Italy: 137.3 % of GDPItaly137.3France: 109.4 % of GDPFrance109.4Belgium: 100.5 % of GDPBelgium100.5Spain: 98.5 % of GDPSpain98.5Portugal: 88.8 % of GDPPortugal88.8Finland: 83.7 % of GDPFinland83.7Austria: 76.2 % of GDPAustria76.2Hungary: 74.4 % of GDPHungary74.4Poland: 60.2 % of GDPPoland60.2Germany: 58.7 % of GDPGermany58.7Czechia: 42.2 % of GDPCzechia42.2Netherlands: 40.7 % of GDPNetherlands40.7Ireland: 34.2 % of GDPIreland34.2Sweden: 34.1 % of GDPSweden34.1Greece: 143.9 % of GDPGreece143.9Italy: 137.3 % of GDPItaly137.3France: 109.4 % of GDPFrance109.4Belgium: 100.5 % of GDPBelgium100.5Spain: 98.5 % of GDPSpain98.5Portugal: 88.8 % of GDPPortugal88.8Finland: 83.7 % of GDPFinland83.7Austria: 76.2 % of GDPAustria76.2Hungary: 74.4 % of GDPHungary74.4Poland: 60.2 % of GDPPoland60.2Germany: 58.7 % of GDPGermany58.7Czechia: 42.2 % of GDPCzechia42.2Netherlands: 40.7 % of GDPNetherlands40.7Ireland: 34.2 % of GDPIreland34.2Sweden: 34.1 % of GDPSweden34.1
% of GDP. Source: BIS, BIS WS_TC: G.A.M.770.A, quarterly, general government credit gdp. Retrieved 2026-10-12.

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Which places have the highest general government core debt at market value as a share of GDP? Use official data and cite it.
rank_places {"indicator":"general_government_credit_gdp","level":"country","within":"European Union (27)"}
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