1 Nigeria • Posted by u/iq-ekeson 1 hr ago Government Debts Around the World 2026 Previous Next According to the IMF world economic outlook, the total global government debt has hit 121 Trillion Dollars as at October 2026.The U.S. leads with $41.4 trillion in government debt, representing roughly one-third of the worldwide total.Over the past decade, the U.S. debt burden has climbed as government borrowing has outpaced economic growth. The cost of servicing that debt is also mounting.China ranks second at $22.5 trillion, with government debt purojected to surpass 100% of GDP for the first time.Nigeria maintains a low projected debt-to-GDP ratio of 34.6% in 2026, ranking 52nd globally, yet faces acute fiscal pressure because debt service consumes a disproportionately high share of government revenue. This revenue squeeze limits public spending on infrastructure and social services while high domestic borrowing crowds out private sector credit and sustains household cost-of-living challenges.Looking ahead, the IMF projects that global government debt will surpass 100% of GDP by 2030, reaching a level last seen shortly after World War II.Source:(https://www.imf.org/external/datamapper/profile/NGA)