24Peaks / Europe / Italy / Government Total Liabilities (% of GDP)

Italy - Government Total Liabilities (% of GDP) 148.59

IMF Government Finance Statistics · updated 2026-10-03 · 78 economies tracked

Latest value

148.59 (2024)

Global rank

##4 of 78 economies

Share of global total

3.9%

Growth since 1995

1.25×

Ranking Race — Government Total Liabilities (% of GDP)

1 = global #1 · higher value ranks higher

#1#10#19#28#37#46#5519901995200020052010201520202025#3#42011 overtook United States2013 overtook Portugal
ItalyUnited StatesCanadaNew ZealandTürkiye

Real annual global ranks, 1990 - 2025. Italy climbed from #3 to #4 (overtook United States). 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
Overtook United States in global rank auto
2011
Sovereign debt crisis curated

Bond yields spike; Berlusconi resigns amid crisis management.

2013
Overtook Portugal in global rank auto
2020
COVID-19 shock curated

One of Europe's largest GDP contractions on record.

Government Total Liabilities (% of GDP), 1995-2024

IMF Government Finance Statistics · % of GDP · linear scale · ranking in the race above
1995200520152024110.77134.99159.2183.42
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