🇲🇼 Malawi vs 🇮🇳 India

Live side-by-side comparison of government debt. India currently owes about 235.0× as much as Malawi — a gap of $3.35 trillion. Updated every second from each country's baseline figure; sources below.

Net debt and interest: IMF World Economic Outlook, October 2026, general government, 2025, mostly IMF estimates. A dash means no comparable figure. How these are calculated.

Among the 194 governments tracked here, Malawi ranks 30th by debt-to-GDP and India 39th. Measured per person, Malawi is 171st and India 122nd.

Analysis

By total government debt, Malawi ranks 122nd and India 8th among the 194 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 India is roughly 3.9× that in Malawi ($2,277 vs $578 per person).

The debt-to-GDP picture is asymmetric here: Malawi sits at 97% of GDP, above India's 84%, meaning Malawi owes far more relative to the size of its own economy — even where the nominal, dollar-for-dollar comparison above suggests otherwise.

The IMF publishes no net debt figure for either. Malawi spends about 39% of government revenue on net interest ($1.1 billion in 2025), and India about 25% ($200.5 billion in 2025). See the full interest ranking.

The gap between them is widening: India's debt is growing faster in dollar terms ($3K/sec vs −$10/sec for Malawi), adding roughly $218,419,200 to the difference each day.

Scale is part of the story too: India's population (1.48B) is about 59.7× Malawi's (25M), 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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