Live side-by-side comparison of government debt. India currently owes about 85.3× more — a gap of $3.44 trillion. Updated every second from IMF baselines.
By total government debt, Panama ranks 68th-largest and India ranks 8th-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 Panama is roughly 3.9× that in India ($9,485 vs $2,415 per person).
The debt-to-GDP picture is asymmetric here: India sits at 82% of GDP, well above Panama's 58%, meaning India 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: India's debt is growing faster in dollar terms ($7K/sec vs $76/sec for Panama), adding roughly $615,513,600 to the difference each day.
Scale is part of the story too: India's population (1.44B) is about 335.1× Panama's (4M), 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.