US AND CHINA BOTH HAVE SURPASSED THEIR GDP INTERMS OF DEBT
Countries With the Most Government Debt in 2025 (trillions, USD):
🇺🇸 U.S.: $38.27
🇨🇳 China: $18.68
🇯🇵 Japan: $9.83
🇬🇧 United Kingdom: $4.09
🇫🇷 France: $3.92
🇮🇹 Italy: $3.48
🇮🇳 India: $3.36
🇩🇪 Germany: $3.23
🇨🇦 Canada: $2.60
🇧🇷 Brazil: $2.06
🇪🇸 Spain: $1.90
🇲🇽 Mexico: $1.10
🇸🇬 Singapore: $1.01
🇰🇷 South Korea: $0.99
🇦🇺 Australia: $0.93
Source: IMF, World Economic Outlook published in October of 2025.