World Clock / Rankings / Debt-to-GDP

European Countries by Government Debt-to-GDP

Among the 44 European governments tracked here, 🇬🇷 Greece carries the highest government debt-to-GDP ratio, at 147%. Ratios are computed from IMF World Economic Outlook (October 2026) general government gross debt baselines. For the worldwide ranking see all countries by debt-to-GDP.

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No single measure settles it: Greece leads this table, but among all 135 governments tracked here it ranks 26th by total debt and 20th by debt per person.

Greece vs ItalyTotal Debt rankingPer Capita rankingSee it on the world map
#CountryDebt-to-GDPDebt/GDP
1🇬🇷Greece147%147%
2🇮🇹Italy137%137%
3🇫🇷France116%116%
4🇧🇪Belgium108%108%
5🇺🇦Ukraine107%107%
6🇬🇧United Kingdom102%102%
7🇪🇸Spain101%101%
8🇵🇹Portugal90%90%
9🇫🇮Finland88%88%
10🇦🇹Austria81%81%
11🇭🇺Hungary75%75%
12🇸🇮Slovenia65%65%
13🇩🇪Germany63%63%
14🇲🇪Montenegro63%63%
15🇸🇰Slovakia61%61%
16🇵🇱Poland60%60%
17🇷🇴Romania60%60%
18🇮🇸Iceland57%57%
19🇭🇷Croatia56%56%
20🇨🇾Cyprus55%55%
21🇳🇴Norway54%54%
22🇦🇱Albania54%54%
23🇲🇰North Macedonia53%53%
24🇱🇻Latvia47%47%
25🇦🇲Armenia47%47%

Ranks 26–44 run from 🇲🇹 Malta (46%) to 🇷🇺 Russia (17%).

#CountryDebt-to-GDPDebt/GDP
26🇲🇹Malta46%46%
27🇳🇱Netherlands45%45%
28🇨🇿Czech Republic44%44%
29🇷🇸Serbia42%42%
30🇨🇭Switzerland40%40%
31🇱🇹Lithuania39%39%
32🇲🇩Moldova39%39%
33🇸🇪Sweden35%35%
34🇮🇪Ireland35%35%
35🇬🇪Georgia34%34%
36🇧🇾Belarus31%31%
37🇧🇬Bulgaria30%30%
38🇧🇦Bosnia & Herzegovina29%29%
39🇩🇰Denmark27%27%
40🇱🇺Luxembourg26%26%
41🇹🇷Turkey24%24%
42🇪🇪Estonia24%24%
43🇦🇿Azerbaijan20%20%
44🇷🇺Russia17%17%

Top 10 highlighted. Excludes the World and EU aggregates (EU aggregate figures are available on the EU page).

Other rankings

Government Debt-to-GDP Ratio — Full Country Ranking →Total Government Debt by Country — Live Ranking →Government Debt Per Capita — Full Country Ranking →Fastest-Growing Government Debt — Ranked by Rate →African Countries by Government Debt-to-GDP →Asia-Pacific Countries by Government Debt-to-GDP →American Countries by Government Debt-to-GDP →Middle Eastern Countries by Government Debt-to-GDP →All rankings →
Source: Global Debt Clock, based on the IMF World Economic Outlook (October 2026, general government gross debt).
See methodology, the world debt map, insights, and press resources.
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