Russia National Government Debt, 2009 – 2024 (2024)

FAQs

What is the government debt in Russia in 2024? ›

Russia National Government Debt reached 299.3 USD bn in Jul 2024, compared with 303.4 USD bn in the previous month. Russia National Government Debt data is updated monthly, available from May 2009 to Jul 2024.

United States. The United States boasts both the world's biggest national debt in terms of dollar amount and its largest economy, which resolves to a debt-to GDP ratio of approximately 121.31%. The United States' government's spending exceeds its income most years, and the US has not had a budget surplus since 2001.

National debt in Russia

The highest level of the last years at 444 billion US Dollar was reached in 2022. Based on the number of inhabitants, this is a debt of 3,079 USD per person. For comparison, the average debt per person in the same year in the European Union was 31,247 USD.

The $35 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts. In very basic terms, this can be thought of as debt that the government owes to others plus debt that it owes to itself.

U.S. publicly held debt 2013-2024

In August 2024, the public debt of the United States was around 35.26 trillion U.S. dollars, a slight increase from the previous month.

The United States pays interest on approximately $850 billion in debt held by the People's Republic of China.

In 2022, the national debt of France amounted to around 3.19 trillion U.S. dollars. For comparison, the Greek debt amounted to approximately 392.27 billion euros that same year. France currently has one of the highest national debt levels of any of the world's nations.

Public debt in Russia was 18.9% of GDP in 2022. For more public debt information, visit our dedicated page.

In total, other territories hold about $7.4 trillion in U.S. debt. Japan owns the most at $1.1 trillion, followed by China, with $859 billion, and the United Kingdom at $668 billion. In isolation, this $7.4 trillion amount is a lot, said Scott Morris, a senior fellow at the Center for Global Development.

What country had the worst debt? ›

Notably, China holds the largest share of non-financial corporate debt globally, at 28%. Both China and the U.S. are among the countries with the highest debt-to-GDP ratios. In the Asia-Pacific region, Japan leads the pack with the highest debt-to-GDP ratio at an astonishing 251.9%.

U.S. Treasury securities held by Russia monthly 2020-2024

The value of U.S. Treasury securities held by residents of Russia amounted to 46 million U.S. dollars in April 2024, marking a stark contrast to the 10.51 billion U.S. dollars held in January 2020.

High debt levels and wide deficits limit fiscal flexibility. The U.S. government's wide deficit and elevated debt levels restrict its ability to respond effectively to future economic downturns. Historically, during recessions, governments boost spending to stimulate growth.

The amount of Japan's national debt in 2022 amounted to about 9.16 trillion U.S. dollar. In a ranking of debt to GDP per country, Japan is thus currently ranked first. With one of the largest gross domestic products (GDP), Japan is among the largest economies in the world.

Moscow now expects gross domestic product (GDP) to climb 3.9% in 2024, up from 2.8% in the forecast it issued in April, Finance Minister Anton Siluanov said last week. The baseline forecasts from the economy ministry are used by the finance ministry for its budget calculations.

Estimate of External Debt of the Russian Federation as of June 30, 2024. According to the Bank of Russia's estimate, external debt of the Russian Federation as of June 30, 2024 totaled $306.1 billion, having decreased by $10.7 billion, or by 3.4%, since the end of 2023.

Germany National Government Debt reached 2,844.4 USD bn in Mar 2024, compared with 2,901.2 USD bn in the previous quarter.