24Peaks / Europe / Italy / Government Net Lending and Borrowing (% of GDP)

Italy - Government Net Lending and Borrowing (% of GDP) -3.44

World Bank WDI · updated 2026-10-15 · 158 economies tracked

Latest value

-3.44 (2024)

Global rank

##61 of 158 economies

Share of global total

1.9%

Growth since 1973

0.85×

Ranking Race — Government Net Lending and Borrowing (% of GDP)

1 = global #1 · higher value ranks higher

#1#23#45#67#89#111#1331972198219922002201220222024#36#612023 overtook Uganda2024 overtook Belgium
ItalyNauruNorwayLesothoMacao

Real annual global ranks, 1972 - 2024. Italy climbed from #36 to #61 (overtook Uganda). 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.

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

Italy joins the single currency as a founding member.

2000
Fell 18 places in global rank auto
2011
Sovereign debt crisis curated

Bond yields spike; Berlusconi resigns amid crisis management.

2020
Fell 36 places in global rank auto
2020
COVID-19 shock curated

One of Europe's largest GDP contractions on record.

2023
Overtook Uganda in global rank auto

Government Net Lending and Borrowing (% of GDP), 1973-2024

World Bank WDI · % of GDP · linear scale · ranking in the race above
19731988200320182024-13.23-9.25-5.27-1.29

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