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Germany - Sovereign Debt Rating (0-21) 21

World Bank · updated 2026-10-03 · 163 economies tracked

Latest value

21 (2025)

Global rank

##147 of 163 economies

Share of global total

1.2%

Growth since 1990

1×

Ranking Race — Sovereign Debt Rating (0-21)

1 = global #1 · lower value ranks higher

#1#25#49#73#97#121#14519901995200020052010201520202025#28#1472008 overtook France2023 overtook Australia
GermanyVenezuela, RBLebanonBelarusUkraine

Real annual global ranks, 1990 - 2025. Germany climbed from #28 to #147 (overtook France). Gaps in a lane = missing data that year.

Key events for Germany ↓

Key Events — Germany

Auto-detected from rank data + curated milestones

1990
Reunification curated

East and West Germany unify, reshaping Europe's largest economy.

1997
Fell 16 places in global rank auto
1999
Euro adoption curated

Germany becomes the anchor economy of the new single currency.

2008
Overtook France in global rank auto
2009
Global crisis recession curated

Exports collapse; GDP contracts sharply before a rapid rebound.

2022
Energy crisis curated

Gas supply shock drives inflation to decades-high levels.

2023
Overtook Australia in global rank auto

Sovereign Debt Rating (0-21), 1990-2025

World Bank · 0-21 rating · linear scale · ranking in the race above
199020002010202020252121.3321.6722

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