🇯🇵 Japan vs 🇪🇸 Spain

Live side-by-side comparison of government debt. Japan currently owes about 4.3× as much as Spain — a gap of $6.73 trillion. Updated every second from each country's baseline figure; sources below.

Among the 135 governments tracked here, Japan ranks 1st by debt-to-GDP and Spain 18th. Measured per person, Japan is 3rd and Spain 19th.

Analysis

By total government debt, Japan ranks 3rd and Spain 11th among the 135 sovereigns tracked on this site.

On a per-citizen basis the picture can look different from the nominal totals: a resident's notional share of the government debt in Japan is roughly 1.8× that in Spain ($71,305 vs $40,311 per person).

Both countries carry debt above 100% of GDP — Japan at 205% and Spain at 101% — meaning each owes more than a full year's worth of national output. What that means for each depends on who holds the debt, in what currency and at what interest rate.

The gap between them is narrowing: Spain's debt is growing faster in dollar terms ($4K/sec vs −$15K/sec for Japan), closing the difference by roughly $1,587,081,600 per day. At that pace — and holding both growth rates constant, a simplification, since real-world rates shift with fiscal policy — the two would reach a similar total in roughly 12 years.

Scale is part of the story too: Japan's population (123M) is about 2.5× Spain's (50M), which is part of why the nominal and per-capita comparisons above can point in different directions — a government's debt load scales loosely with the size of both its economy and its population, not either alone.

This analysis is generated automatically from live data as an educational orientation, not financial advice — see the methodology page for definitions and caveats.

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