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 146%. Ratios are computed from IMF World Economic Outlook (April 2026) general government gross debt baselines. For the worldwide ranking see all countries by debt-to-GDP.

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#		Country	Debt-to-GDP	Debt/GDP
1	🇬🇷	Greece	146%	146%
2	🇮🇹	Italy	137%	137%
3	🇫🇷	France	116%	116%
4	🇺🇦	Ukraine	109%	109%
5	🇧🇪	Belgium	106%	106%
6	🇬🇧	United Kingdom	102%	102%
7	🇪🇸	Spain	100%	100%
8	🇵🇹	Portugal	90%	90%
9	🇫🇮	Finland	89%	89%
10	🇦🇹	Austria	80%	80%
11	🇭🇺	Hungary	75%	75%
12	🇲🇪	Montenegro	67%	67%
13	🇸🇮	Slovenia	66%	66%
14	🇩🇪	Germany	63%	63%
15	🇸🇰	Slovakia	62%	62%
16	🇷🇴	Romania	61%	61%
17	🇵🇱	Poland	59%	59%
18	🇭🇷	Croatia	56%	56%
19	🇮🇸	Iceland	56%	56%
20	🇨🇾	Cyprus	55%	55%
21	🇦🇱	Albania	53%	53%
22	🇲🇰	North Macedonia	53%	53%
23	🇦🇲	Armenia	49%	49%
24	🇱🇻	Latvia	47%	47%
25	🇲🇹	Malta	47%	47%
26	🇳🇴	Norway	45%	45%
27	🇨🇿	Czech Republic	45%	45%
28	🇳🇱	Netherlands	43%	43%
29	🇷🇸	Serbia	42%	42%
30	🇱🇹	Lithuania	40%	40%
31	🇨🇭	Switzerland	39%	39%
32	🇲🇩	Moldova	37%	37%
33	🇸🇪	Sweden	35%	35%
34	🇬🇪	Georgia	34%	34%
35	🇮🇪	Ireland	33%	33%
36	🇧🇾	Belarus	33%	33%
37	🇧🇦	Bosnia & Herzegovina	30%	30%
38	🇩🇰	Denmark	28%	28%
39	🇧🇬	Bulgaria	27%	27%
40	🇱🇺	Luxembourg	27%	27%
41	🇪🇪	Estonia	24%	24%
42	🇹🇷	Turkey	23%	23%
43	🇦🇿	Azerbaijan	20%	20%
44	🇷🇺	Russia	17%	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 (April 2026, general government gross debt) and World Bank IDS.
See methodology, the world debt map, insights, and press resources.
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