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๐Ÿ‡ฑ๐Ÿ‡ป Latvia vs ๐Ÿ‡ฏ๐Ÿ‡ต Japan

Live side-by-side comparison of government debt. Japan currently owes about 530.9ร— more โ€” a gap of $10.23 trillion. Updated every second from IMF baselines.

๐Ÿ‡ฑ๐Ÿ‡ป
Latvia
$19,299,763,968
Debt-to-GDP47%
Per citizen$10,722
Per second+$29
VS
๐Ÿ‡ฏ๐Ÿ‡ต
Japan
$10,246,414,091,965
Debt-to-GDP230%
Per citizen$82,632
Per second+$4,200
In nominal terms, Japan carries the larger government debt โ€” roughly 530.9ร— that of Latvia, a difference of $10.23 trillion. Note that debt-to-GDP (Latvia: 47%, Japan: 230%) is the better measure of sustainability than the raw total.

Analysis

By total government debt, Latvia ranks 96th-largest and Japan ranks 3rd-largest among the 137 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 national debt in Japan is roughly 7.7× that in Latvia ($82,632 vs $10,722 per person).

The debt-to-GDP picture is asymmetric here: Japan sits at 230% of GDP, well above Latvia's 47%, meaning Japan owes far more relative to the size of its own economy — even where the nominal, dollar-for-dollar comparison above suggests otherwise.

The gap between them is widening: Japan's debt is growing faster in dollar terms ($4K/sec vs $29/sec for Latvia), adding roughly $360,374,400 to the difference each day.

Scale is part of the story too: Japan's population (124M) is about 68.9× Latvia's (2M), 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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Source: Global Debt Clock, based on the IMF World Economic Outlook (April 2026, general government gross debt) and World Bank IDS.
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