Countries by general government gross debt, national accounts

Japan had the highest general government gross debt, national accounts of 37 countries in 2017, at 225.5% of GDP. Estonia had the lowest, at 13.3% of GDP. The median was 69.8% of GDP. Source: the Organisation for Economic Co-operation and Development.

Highest225.5Japan
Lowest13.3Estonia
Median69.837 countries

All countries, 2017

Japan: 225.5 % of GDPJapan225.5Greece: 192.5 % of GDPGreece192.5Italy: 150.6 % of GDPItaly150.6Portugal: 142.8 % of GDPPortugal142.8United States: 135.7 % of GDPUnited States135.7France: 124.8 % of GDPFrance124.8Belgium: 123 % of GDPBelgium123Spain: 118.3 % of GDPSpain118.3United Kingdom: 115.4 % of GDPUnited Kingdom115.4Canada: 112.3 % of GDPCanada112.3Iceland: 103.5 % of GDPIceland103.5Austria: 97.5 % of GDPAustria97.5Hungary: 93.1 % of GDPHungary93.1Slovenia: 90.6 % of GDPSlovenia90.6Finland: 78.5 % of GDPFinland78.5Ireland: 76.7 % of GDPIreland76.7Israel: 73.9 % of GDPIsrael73.9Germany: 71.9 % of GDPGermany71.9Netherlands: 69.8 % of GDPNetherlands69.8Colombia: 69.2 % of GDPColombia69.2Poland: 68.6 % of GDPPoland68.6Australia: 66 % of GDPAustralia66Slovakia: 65.5 % of GDPSlovakia65.5Sweden: 61.6 % of GDPSweden61.6Denmark: 54.1 % of GDPDenmark54.1Latvia: 49.1 % of GDPLatvia49.1Mexico: 48.9 % of GDPMexico48.9Lithuania: 47.1 % of GDPLithuania47.1South Korea: 46.9 % of GDPSouth Korea46.9New Zealand: 44.2 % of GDPNew Zealand44.2Czechia: 43.2 % of GDPCzechia43.2Norway: 42.8 % of GDPNorway42.8Switzerland: 42.7 % of GDPSwitzerland42.7Türkiye: 32.1 % of GDPTürkiye32.1Chile: 29.4 % of GDPChile29.4Luxembourg: 28.8 % of GDPLuxembourg28.8Estonia: 13.3 % of GDPEstonia13.3
% of GDP. Source: OECD, OECD National Accounts at a Glance: gross debt of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, LES13_FD4). Retrieved 2026-10-12.

Full ranking

RankCountries2017
% of GDP
Change on 2016
1Japan225.5-1.2 pts
2Greece192.5+3.5 pts
3Italy150.6-2.5 pts
4Portugal142.8-0.8 pts
5United States135.7-3.5 pts
6France124.8-0.1 pts
7Belgium123-6.1 pts
8Spain118.3-1.6 pts
9United Kingdom115.4-0.6 pts
10Canada112.3-3.9 pts
11Iceland103.5-11.3 pts
12Austria97.5-6.1 pts
13Hungary93.1-5.3 pts
14Slovenia90.6-8.5 pts
15Finland78.5-2.7 pts
16Ireland76.7-10.6 pts
17Israel73.9-3.2 pts
18Germany71.9-4.6 pts
19Netherlands69.8-6.6 pts
20Colombia69.2+3.6 pts
21Poland68.6-4.4 pts
22Australia66-2.6 pts
23Slovakia65.5-2.2 pts
24Sweden61.6-1.5 pts
25Denmark54.1-2.8 pts
26Latvia49.1-2.5 pts
27Mexico48.9-2 pts
28Lithuania47.1-3.9 pts
29South Korea46.9-2.1 pts
30New Zealand44.2-2.4 pts
31Czechia43.2-4.3 pts
32Norway42.8+0.1 pts
33Switzerland42.7-0 pts
34Türkiye32.1+0.2 pts
35Chile29.4+1 pts
36Luxembourg28.8+1.7 pts
37Estonia13.3-0.5 pts

Other periods

About this ranking

Gross debt of general government (central, state and local government and social security funds) as a percentage of GDP, under the System of National Accounts: all liabilities that are debt instruments, including loans, debt securities, currency and deposits, insurance and pension entitlements and other accounts payable.

Not the Maastricht debt in government_debt: this measure also counts pension entitlements and accounts payable, and some countries value securities at market prices, so it is usually higher. Use it to compare OECD countries with each other.

Every value in the ranking comes from the same publisher and the same period, so the countries are compared on one definition. Equal values share a rank.

How to cite

OECD. OECD National Accounts at a Glance: gross debt of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, LES13_FD4). https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ&df[id]=DSD_NAAG_VI%40DF_NAAG_VI&df[ag]=OECD.SDD.NAD. Accessed 2026-10-12. Data reuse terms and downstream attribution: https://www.oecd.org/en/about/terms-conditions.html

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

Organisation for Economic Co-operation and Development. (2026). OECD National Accounts at a Glance: gross debt of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, LES13_FD4) (Countries by general government gross debt, national accounts, 2017) [Data set]. Retrieved October 12, 2026, from https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ&df[id]=DSD_NAAG_VI%40DF_NAAG_VI&df[ag]=OECD.SDD.NAD

MLA 9

OECD National Accounts at a Glance: gross debt of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, LES13_FD4), Countries by general government gross debt, national accounts, 2017. Organisation for Economic Co-operation and Development, 12 Oct. 2026, https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ&df[id]=DSD_NAAG_VI%40DF_NAAG_VI&df[ag]=OECD.SDD.NAD. Invokely, https://invokely.ai/rankings/general-government-gross-debt/countries?period=2017. Accessed 12 Oct. 2026.

Chicago (author-date)

Organisation for Economic Co-operation and Development. 2026. OECD National Accounts at a Glance: gross debt of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, LES13_FD4). Countries by general government gross debt, national accounts, 2017. Dataset. Accessed October 12, 2026. https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ&df[id]=DSD_NAAG_VI%40DF_NAAG_VI&df[ag]=OECD.SDD.NAD. Also distributed by Invokely, https://invokely.ai/rankings/general-government-gross-debt/countries?period=2017.

Harvard

Organisation for Economic Co-operation and Development (2026) OECD National Accounts at a Glance: gross debt of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, LES13_FD4), Countries by general government gross debt, national accounts, 2017 [Dataset]. Available at: https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ&df[id]=DSD_NAAG_VI%40DF_NAAG_VI&df[ag]=OECD.SDD.NAD, via Invokely: https://invokely.ai/rankings/general-government-gross-debt/countries?period=2017 (Accessed: 12 October 2026).

BibTeX
@misc{organisation_countries_by_general_government_2017,
  author = {{Organisation for Economic Co-operation and Development}},
  title = {{OECD National Accounts at a Glance: gross debt of general government, percentage of GDP (DSD\_NAAG\_VI@DF\_NAAG\_VI, LES13\_FD4): Countries by general government gross debt, national accounts, 2017}},
  year = {2026},
  howpublished = {Data set},
  url = {https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ&df[id]=DSD_NAAG_VI%40DF_NAAG_VI&df[ag]=OECD.SDD.NAD},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/rankings/general-government-gross-debt/countries?period=2017. Publisher attribution: OECD. OECD National Accounts at a Glance: gross debt of general government, percentage of GDP (DSD\_NAAG\_VI@DF\_NAAG\_VI, LES13\_FD4). https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ\&df[id]=DSD\_NAAG\_VI\%40DF\_NAAG\_VI\&df[ag]=OECD.SDD.NAD. Accessed 2026-10-12. Data reuse terms and downstream attribution: https://www.oecd.org/en/about/terms-conditions.html.},
}
RIS
TY  - DATA
AU  - Organisation for Economic Co-operation and Development
TI  - OECD National Accounts at a Glance: gross debt of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, LES13_FD4): Countries by general government gross debt, national accounts, 2017
PY  - 2026
DA  - 2026/10/12
PB  - Organisation for Economic Co-operation and Development
DB  - Invokely
UR  - https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ&df[id]=DSD_NAAG_VI%40DF_NAAG_VI&df[ag]=OECD.SDD.NAD
L2  - https://invokely.ai/rankings/general-government-gross-debt/countries?period=2017
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/general-government-gross-debt/countries?period=2017.
N1  - Publisher attribution: OECD. OECD National Accounts at a Glance: gross debt of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, LES13_FD4). https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ&df[id]=DSD_NAAG_VI%40DF_NAAG_VI&df[ag]=OECD.SDD.NAD. Accessed 2026-10-12. Data reuse terms and downstream attribution: https://www.oecd.org/en/about/terms-conditions.html.
ER  - 
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Questions

Which country has the highest general government gross debt, national accounts?

Japan, with 225.5% of GDP in 2017, according to the Organisation for Economic Co-operation and Development.

Which country has the lowest general government gross debt, national accounts?

Estonia, with 13.3% of GDP in 2017.

Where does this ranking come from?

Every value comes from one source and one period, so the places are comparable: Organisation for Economic Co-operation and Development, OECD National Accounts at a Glance: gross debt of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, LES13_FD4). Retrieved 2026-10-12.

General government gross debt, national accounts: other rankings

Countries: more rankings