Live side-by-side comparison of government debt. Japan currently owes about 251.2× more — a gap of $10.21 trillion. Updated every second from IMF baselines.
By total government debt, Panama ranks 68th-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 8.7× that in Panama ($82,632 vs $9,485 per person).
The debt-to-GDP picture is asymmetric here: Japan sits at 230% of GDP, well above Panama's 58%, 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 $76/sec for Panama), adding roughly $356,313,600 to the difference each day.
Scale is part of the story too: Japan's population (124M) is about 28.8× 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.