In 2023, the United States had the highest gross government debt of any G7 country, amounting to an estimated 33 trillion U.S. dollars. However, in terms of government debt as a share of GDP, Japan carries a far higher government debt load than the U.S.
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Gross government debt in G7 countries from 2014 to 2023
(in trillion U.S. dollars)
Characteristic
Canada
France
Germany
Italy
Japan
United Kingdom
United States
2023**
2.21
3.25
2.83
3.05
10.07
3.35
33.22
2022*
2.19
3.11
2.7
2.91
9.71
3.08
30.89
2021
2.11
2.98
2.63
2.83
9.4
2.9
29.47
2020
1.92
2.8
2.47
2.71
9.34
2.68
28.11
2019
1.53
2.5
2.18
2.54
8.84
2.3
23.25
2018
1.48
2.44
2.2
2.51
8.67
2.23
22.06
2017
1.42
2.38
2.25
2.46
8.57
2.17
20.69
2016
1.37
2.31
2.28
2.41
8.48
2.1
20.03
2015
1.34
2.22
2.3
2.36
8.23
2.02
19.14
2014
1.25
2.15
2.32
2.32
8.11
1.95
18.35
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IMF. (October 10, 2023). Gross government debt in G7 countries from 2014 to 2023 (in trillion U.S. dollars) [Graph]. In Statista. Retrieved July 23, 2025, from https://www.statista.com/statistics/1034440/gross-government-debt-in-advanced-economies/
IMF. "Gross government debt in G7 countries from 2014 to 2023 (in trillion U.S. dollars)." Chart. October 10, 2023. Statista. Accessed July 23, 2025. https://www.statista.com/statistics/1034440/gross-government-debt-in-advanced-economies/
IMF. (2023). Gross government debt in G7 countries from 2014 to 2023 (in trillion U.S. dollars). Statista. Statista Inc.. Accessed: July 23, 2025. https://www.statista.com/statistics/1034440/gross-government-debt-in-advanced-economies/
IMF. "Gross Government Debt in G7 Countries from 2014 to 2023 (in Trillion U.S. Dollars)." Statista, Statista Inc., 10 Oct 2023, https://www.statista.com/statistics/1034440/gross-government-debt-in-advanced-economies/
IMF, Gross government debt in G7 countries from 2014 to 2023 (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/1034440/gross-government-debt-in-advanced-economies/ (last visited July 23, 2025)
Gross government debt in G7 countries from 2014 to 2023 (in trillion U.S. dollars) [Graph], IMF, October 10, 2023. [Online]. Available: https://www.statista.com/statistics/1034440/gross-government-debt-in-advanced-economies/
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