Countries with the Highest Government Debt (1980-2028)

This video shows the countries with the highest government debt in the world, from 1980 to 2028 (past and projection).

Data Source: International Monetary Fund
Debt Icon: created by Eucalyp - Flaticon

Music from #Uppbeat (free for Creators!):
https://uppbeat.io/t/sky-toes/labyrinth
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Government gross debt refers to the total amount of debt owed by a government at a specific point in time. It includes all liabilities incurred by the government through borrowing, both domestically and internationally. Gross debt typically includes various types of debt instruments such as treasury bills, bonds, loans, and other forms of government securities.

The government accumulates debt primarily to finance its budget deficits, which occur when government expenditures exceed its revenue from taxes and other sources. Debt can also be incurred for capital investments, economic stimulus programs, and other purposes. Governments may borrow from individuals, financial institutions, central banks, and even from foreign entities or governments.

Gross debt is an important indicator of a government's fiscal health and its ability to manage its financial obligations. It represents the total financial burden that the government must address, including interest payments and principal repayments. High levels of government debt can strain public finances, increase interest costs, and potentially crowd out private investment.

It is worth noting that government gross debt should not be confused with net debt, which subtracts financial assets held by the government from the gross debt figure. Net debt provides a more accurate picture of a government's financial position, as it considers assets that can be used to offset the debt.