General government gross debt of Italy has risen from 131% in 2016 to 132% in 2018 according to IMF and EC while OECD claims that it, on the contrary, kept dropping since 2016. Export. Here is a list of the top ten countries with the most national debt: Japan (National Debt: ¥1,028 trillion ($9.087 trillion USD)); Greece (National Debt: €332.6 billion ($379 billion US)); Portugal (National Debt: €232 billion ($264 billion US)); Italy (National Debt: €2.17 trillion ($2.48 trillion US)) In 1980 the Italian public debt was at 57,7% and by 1994 it grew by 124,3%. The Italian economy is advanced with a rating of the sixth largest with regards to national wealth. Business Debt and doom loops: The eurozone's Italian nightmare. Following the financial crisis in 2008, Italy, like the other periphery countries, experienced a sudden stop in private capital inflows as the level of government debt became unsustainable. Italy's populist government is accused of exposing the bloc to financial problems by ignoring budget discipline rules. 8. Political talks are ongoing in Italy which could avert a snap election and see Matteo Salvini's League party ousted from government . Read more As the Bank of Italy stopped monetizing the public debt, the latter went out of control. This statistic shows the national debt of Italy from 2015 to 2019, with projections up until 2025. What countries have the largest debt in the world? Public Debt The Italian Department of the Treasury, through a dedicated directorate general, issues government securities and manages central government liabilities. Italy- Total debt: $ 2,285,740,000,000. To keep up to date with news on Italian Public Debt, a notification service is available to promptly let you know when new documents have been published. In 2019, the national debt in Italy was around 2.91 trillion U.S. dollars. Bookmark Follow. Date Debt (M.€.) G20 Economic Forecast. This section provides constantly up-to-date information on public debt. The country of Italy currently has the ranking of third largest for GDP within the Eurozone as well as being number eight within the world. Italy Government Debt Forecast 2019-2024, Data and Charts . Government debt to GDP ratio in Italy 2002-2019 Published by Simona Varrella, Jul 22, 2020 In 2019, the government debt was 134.8 percent of the country's GDP. Debt (%GDP) Debt Per Capita Debt Per Capita; 2019: 2,409,904: 2,697,887: 134.70%: 40,407€ 45,235$ 2018: 2,380,947: 2,811,899: 134.40% Italy’s Balance of Payments Italy has been an international debtor in most years during the past decade. Debt (M.$.)