Bill’s Commentary:
“USA! USA! USA! When I graduated college, any country with over 100% debt to GDP was soundly in the Banana Republic camp and shunned financially. Today, the issuer of the world’s reserve currency sits at 126% of GDP…and that’s ONLY the reported on books debt, not the loan guarantees, future obligations (SS and Medicare etc.), nor any other off balance sheet shenanigans!”
Ranked: Government Debt by Country in 2026
Government borrowing has climbed to historic levels, with rising interest costs and mounting spending pressures putting public finances under strain. While the world’s largest economies account for much of the total, debt burdens relative to economic output tell a different story.
This graphic breaks down projected government debt by country in 2026, based on the International Monetary Fund’s October 2026 World Economic Outlook. Figures represent general government gross debt, including liabilities across different levels of government.
Bill’s latest interview (also posted under Interviews)
Thank you pamelamoves@gmail.com
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