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*[[United States]] - 128% federal debt to GDP ratio. (2024 data). U.S. national debt was $35.46 trillion in 2024. In 2024, the debt of the USA's local governments was $2.04 trillion.
*[[United States]] - 128% federal debt to GDP ratio. (2024 data). U.S. national debt was $35.46 trillion in 2024. In 2024, the debt of the USA's local governments was $2.04 trillion.
*[[China]] - 90.1% national debt to GDP ratio. In 2024, China's total government debt to GDP, which includes national/local debt, was estimated to be over 300% and local governments' debt is a major contributor to this total. However, many financial analysts believe that China inflates its GDP. The January 23, 2024 ''South China Morning Post'' article [https://archive.ph/qKFgg ''China claims ‘biggest corruption in statistical sphere’ amid fake data crackdown''] indicates: "The accuracy of China's economic data has long been questioned, as many feel there is a gap between reality on the ground and the official figures, and Beijing has intensified efforts to crack down on data fraud in recent years amid efforts to dispel doubts."
*[[China]] - 90.1% national debt to GDP ratio. In 2019, China's total government debt to GDP, which includes national/local debt, was estimated to be over 300% and local governments' debt is a major contributor to this total.<ref>[https://www.tbsnews.net/international/chinas-debt-tops-300-gdp-now-15-global-total-iif China's debt tops 300% of GDP, now 15% of global total], Business Standard, 2019</ref> However, many financial analysts believe that China inflates its GDP. The January 23, 2024 ''South China Morning Post'' article [https://archive.ph/qKFgg ''China claims ‘biggest corruption in statistical sphere’ amid fake data crackdown''] indicates: "The accuracy of China's economic data has long been questioned, as many feel there is a gap between reality on the ground and the official figures, and Beijing has intensified efforts to crack down on data fraud in recent years amid efforts to dispel doubts."
*[[Russian Federation]] - 20% (2024 data)
*[[Russian Federation]] - 20% (2024 data)