24Peaks / Europe / Italy / Government Debt

Italy - Government Debt 135.33

IMF Global Debt Database · updated 2026-10-03 · 88 economies tracked

Latest value

135.33 (2024)

Global rank

##85 of 88 economies

Share of global total

2.6%

Growth since 1950

4.37×

Ranking Race — Government Debt

1 = global #1 · lower value ranks higher

#1#15#29#43#57#71#85195019651980199520102024#5#852016 overtook Portugal2018 overtook Venezuela, RB
ItalyTurkmenistanKiribatiMicronesia, Fed. Sts.Marshall Islands

Real annual global ranks, 1950 - 2024. Italy climbed from #5 to #85 (overtook Portugal). Gaps in a lane = missing data that year.

Key events for Italy ↓

Key Events — Italy

Auto-detected from rank data + curated milestones

1992
Lira crisis curated

Lira leaves the ERM amid a European exchange-rate turmoil.

1999
Euro adoption curated

Italy joins the single currency as a founding member.

2011
Sovereign debt crisis curated

Bond yields spike; Berlusconi resigns amid crisis management.

2016
Overtook Portugal in global rank auto
2018
Overtook Venezuela, RB in global rank auto
2020
COVID-19 shock curated

One of Europe's largest GDP contractions on record.

Government Debt, 1950-2024

IMF Global Debt Database · % of GDP · linear scale · ranking in the race above
19501965198019952010202427.8770.04112.21154.38
Free: latest value, global rank and the ranking race. Subscribers unlock full history, multi-country comparison and export — sign up or login.