The economic powers of the world are always in the news about their strength and development, but a report has revealed such a reality which has shocked even the global markets. One may be surprised to think that the countries which the world recognizes as superpowers are the same countries which are most burdened with debt today. The figures of the report show that this mountain of debt is not only weighing heavily on weak economies but also on the foundation of the world’s largest countries. Let us know their names.

Which country is the biggest debtor?

As the world’s most powerful economy, America is always considered a symbol of economic stability, but the World Economic Outlook Report of October 2025 exposed the real situation of America. According to statistics, America alone holds 34.5% share in the total government debt of the world. This situation is also shocking because it is generally believed that countries like Pakistan, Bangladesh or Sri Lanka are the ones most in debt, whereas the reality turned out to be exactly the opposite.

America may have the largest economy, but ever-increasing government spending, military budget, social security schemes and economic challenges have taken its debt to historic levels. The report says that in the year 2025, the total government debt of the world will increase to 110.9 trillion dollars.

China, Japan and India also under heavy debt burden

The second name in this list is that of China, which is the second largest economy in the world. China holds 16.8% share in global government debt. Large-scale infrastructure projects, global investment and domestic economic challenges have made China’s debt even bigger.

Japan is at third place in this list, and its situation is considered to be the most worrying. Japan has 8.9% of the total global debt, but the real concern comes from looking at the ratio of its government debt to GDP. Japan’s debt is 229.6% of its GDP, i.e. more than twice the size of the economy.

India is in seventh place and its share is 3.0% of global debt. However, India’s debt is 81.4% of its GDP, which is much less than countries like America (125%) and Italy (136.8%). This means that India’s economy is still in line with its debt capacity and is not as unstable as many developed economies appear to be.

Where do you get the loan from?

Countries get loans from many sources, such as the International Monetary Fund (IMF), the World Bank, other countries, global financial institutions and government bonds issued in foreign markets. Increasing debt sometimes becomes the basis of development, but when it exceeds the income, it becomes a threat to the economic health of the country.

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India GDP forecast: The World Economic Outlook report from the International Monetary Fund (IMF) has once again demonstrated India’s growing strength. The recent IMF’s WEO report says that India will grow at the rate of 6.6 percent in the financial year 2025-26. With this growth, India will be included among the fastest growing economies of the world. IMF has released this report keeping in mind the boom in India’s economy in the first quarter.

Heavy tariffs have been imposed on India by the American government. Despite this, this report has raised hopes that the impact of American tariffs on the Indian economy will remain balanced. The report also says that India’s growth will be faster than China’s 4.8 percent. However, the IMF has slightly reduced the growth rate for 2026 to 6.2 percent.

What does the IMF report say?

1. In the IMF report, India’s growth rate has been stated at 6.6 percent. However, this growth rate has been increased to 6.2 percent in 2026. The IMF expects that the growth rate in the first quarter may gradually slow down. At the same time, the growth of global economies is expected to be 3.2 percent and 3.1 percent in 2026. Which means that even in 2026, India’s growth rate is likely to be higher than other countries.

2. IMF has stated in its report that the average growth rate of advanced economies is estimated to be 1.6 percent and the average growth rate of emerging economies is estimated to be 4.2 percent. There may be a slight decline in the growth rate of emerging economies in 2026. This decline is likely to be close to 0.2 percent.

3. If we talk about countries with advanced economies, Spain will grow the fastest. Whose growth rate will be 2.9 percent, while America’s growth rate will be 1.9 percent. Apart from this, Brazil is likely to grow at 2.4 percent, Canada at 1.2 percent and Japan at 1.1 percent.

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