The IMF's guide to groups, dated March 2024, describes G20 members as the G7, twelve other key countries and the European Union, so its list may have changed since. The tables cover the member countries in the dataset. The European Union has no country-level series here.
Government debt is general government gross debt as a share of GDP for 2025, from the IMF World Economic Outlook database, retrieved October 27, 2026. Gross debt does not subtract government assets.
IMF general government gross debt, 2025. The order is arithmetic only, not a ranking of safety, quality or merit. Information only.
Inflation is the annual change in consumer prices, from the World Bank. Argentina's row is for 2024 and the United States' row is for 2024, because the World Bank has no later figure for them in the dataset. All other rows are for 2025, so the rows are not strictly comparable. The full list is on the inflation by country data page.
World Bank inflation, 2025, except Argentina and the United States, 2024. The order is arithmetic only, not a ranking of safety, quality or merit. Information only.
No, on the latest readings: debt for 2025, and inflation for 2025 except Argentina and the United States, for 2024. The five most indebted countries have inflation of 3.2% or less. The five highest inflation readings, Argentina, Turkey, Russia, Brazil and the United Kingdom, include the United Kingdom's 3.9% as the lowest and sit with debt of at most 102.1% of GDP, below the least indebted of the first group.
The cut-off matters. The United Kingdom is fifth on inflation and sixth on debt at 102.1% of GDP, so a top six on each measure would put it in both.
As a sensitivity check only: the United States is third on debt. Setting it aside, the United Kingdom would be fifth on debt as well as fifth on inflation. This tests how sensitive the cut-off is. It is not a finding about the United Kingdom. The United States inflation reading is for 2024, a year older than most, so the overlap result could differ on a later reading.
Within and beyond the two groups the picture is mixed. Brazil at 93.3% of GDP and the United Kingdom at 102.1% of GDP carry more debt than Argentina, Turkey or Russia. Full figures are in the market guides for Japan, Italy, the United States, France, Canada, Argentina, Turkey, Russia, Brazil and the United Kingdom.
Each figure is a single reading from the IMF or the World Bank. They say nothing about the currency a government borrows in, the maturity of its debt, who holds it, access to external financing or how independent a central bank is. Inflation is measured by consumer prices only. Later IMF releases revise debt estimates, so a newer release can change a figure. The data shows the split and does not test why it exists.
The ordering and the comparisons are Invest Global calculations from IMF and World Bank data. Information only. Not investment, legal or tax advice. See the methodology and the country comparison tool.
More on Japan · More on Italy · More on Financials and fintech
Japan, at 204.8% of GDP according to the IMF for 2025. Italy follows at 137.1% of GDP, then the United States at 124.4% of GDP, France at 115.5% of GDP and Canada at 113.6% of GDP. Arithmetic order, not a ranking of safety, quality or merit. Information only.
Argentina's reading is 219.9% for 2024, the highest among the G20 countries in the dataset and a year older than most, so a later year may differ materially. Among 2025 readings, Turkey is highest at 34.9%, then Russia at 8.7%, Brazil at 5.0% and the United Kingdom at 3.9%, all from the World Bank. Arithmetic order, not a ranking of safety, quality or merit. Information only.
No. On the latest readings, the five most indebted have inflation of 3.2% or less and the five highest inflation readings sit with debt of at most 102.1% of GDP. Argentina's and the United States' inflation figures are for 2024, the rest for 2025. The cut-off is thin: the United Kingdom is fifth on inflation and sixth on debt. Information only. Not investment, legal or tax advice.
Tell us the market, budget and timeline. We reply within two business days with sourced listings and market data.
One email when new country and sector insights publish. Unsubscribe any time.
Every figure in this article is copied from a fact pack with the source, period and retrieval date listed above. How Insights are made and our editorial policy.
Five economies with the highest consumer price inflation in the latest World Bank data, set against the global median, with notes on how to read it.
Five economies with the highest general government gross debt as a share of GDP in IMF data, set against the global median, with the IMF definition.
Seven of the eight lowest 2025 readings of reserves in months of imports in our dataset belong to euro users. Figures and limits. Information only.
Invest Global provides information only. Nothing on this site is an offer to sell, or a solicitation of an offer to buy, any security, and nothing here is investment, legal or tax advice. Investing in frontier and emerging markets carries significant risk, including total loss. Past performance and exposure scores do not predict future results. Full disclaimer