National Debt (% of GDP): Italy
Italy's national debt (% of gdp) is currently 138.3% as of 2026. # Italy National Debt (% of GDP) Italy's national debt stood at 138.
Current (2026)
138.3%
+1.1% y/y
Peak (2020)
154.4%
Low (1988)
95.7%
Source
IMF World Economic Outlook
1988–2026 · 43 pts
National Debt (% of GDP) — Italy
1988 — 2026
National Debt (% of GDP) — Italy
Analysis# Italy National Debt (% of GDP)
Italy's national debt stood at 138.3% of GDP in 2026, reflecting a substantial fiscal burden that has grown 44.5 percentage points since 1988, when debt reached its historical low of 95.7%. The country peaked at 154.4% in 2020 during the pandemic, remaining significantly elevated compared to pre-crisis levels across major economies. Despite moderate improvements from that peak, Italy's debt-to-GDP ratio continues well above sustainable thresholds.
The trajectory since 2020 reveals a gradual decline through 2023, when debt fell to 134.6%, before climbing again to 138.3% by 2026. This recent uptick signals renewed fiscal pressures, suggesting structural challenges in reducing the debt burden. Forward projections indicate stabilization rather than significant improvement, positioning debt management as an ongoing constraint on Italy's economic policy flexibility.
Historical Data
43 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 137.0% | -0.22% |
| 2029 | 137.3% | -0.44% |
| 2028 | 137.9% | -0.43% |
| 2027 | 138.5% | +0.14% |
| 2026 | 138.3% | +1.10% |
| 2025 | 136.8% | +1.11% |
| 2024 | 135.3% | +0.52% |
| 2023 | 134.6% | -2.68% |
| 2022 | 138.3% | -5.14% |
| 2021 | 145.8% | -5.57% |
| 2020 | 154.4% | +15.31% |
| 2019 | 133.9% | -0.22% |
| 2018 | 134.2% | +0.37% |
| 2017 | 133.7% | -0.37% |
| 2016 | 134.2% | -0.45% |
| 2015 | 134.8% | +0.00% |
| 2014 | 134.8% | +2.20% |
| 2013 | 131.9% | +4.77% |
| 2012 | 125.9% | +5.71% |
| 2011 | 119.1% | +0.25% |
Show all 43 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 118.8% | +2.33% |
| 2009 | 116.1% | +9.74% |
| 2008 | 105.8% | +2.22% |
| 2007 | 103.5% | -2.63% |
| 2006 | 106.3% | +0.09% |
| 2005 | 106.2% | +1.43% |
| 2004 | 104.7% | -0.38% |
| 2003 | 105.1% | -0.76% |
| 2002 | 105.9% | -2.40% |
| 2001 | 108.5% | -0.18% |
| 2000 | 108.7% | -3.89% |
| 1999 | 113.1% | -0.70% |
| 1998 | 113.9% | -2.23% |
| 1997 | 116.5% | -2.02% |
| 1996 | 118.9% | -0.17% |
| 1995 | 119.1% | -8.94% |
| 1994 | 130.8% | +5.40% |
| 1993 | 124.1% | +9.82% |
| 1992 | 113.0% | +7.31% |
| 1991 | 105.3% | +3.54% |
| 1990 | 101.7% | +3.35% |
| 1989 | 98.4% | +2.82% |
| 1988 | 95.7% | — |
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