San Marino Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
San Marino's government debt to gdp was 62.72% in 2025, ranked 68th globally. This represents a 1.9% decrease from 2024. Data from IMF WEO, covering 2001–2025.
Overview
San Marino's government debt to gdp stood at 62.72% in 2025, a decline of +1.22% from 2024. The IMF projects 62.72% by 2025. San Marino ranked 68th globally.
San Marino's government debt to GDP ratio has undergone significant fluctuations over the past 25 years, with the latest value standing at 62.72 in 2025, ranking 68th globally. The country's debt to GDP ratio peaked at 77.19 in 2021, indicating a substantial increase from its all-time trough of 11.56 in 2001. Compared to its peer countries, San Marino's latest debt to GDP ratio is lower than that of Palau, which ranks 65th globally with a ratio of 63.07. The sharp increase in San Marino's debt to GDP ratio since 2001 can be attributed to various factors, including the country's small size and vulnerability to external economic shocks. As the global economy continues to evolve, San Marino's ability to manage its debt and maintain a stable fiscal policy will be crucial in determining its future economic trajectory, with a potential shift towards fiscal consolidation likely to be triggered by changes in global interest rates or a significant increase in foreign investment.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 55.55% | - | - |
| 2029* IMF | 57.38% | - | - |
| 2028* IMF | 59.23% | - | - |
| 2027* IMF | 60.89% | - | - |
| 2026* IMF | 61.81% | - | - |
| 2025* IMF | 62.72% | - | - |
| 2025 | 62.72% | −1.22% | #68 |
| 2024 | 63.94% | −4.39% | #117 |
| 2023 | 68.34% | −2.22% | #124 |
| 2022 | 70.56% | −6.63% | #131 |
| 2021 | 77.19% | +7.40% | #136 |
| 2020 | 69.79% | +13.58% | #121 |
| 2019 | 56.21% | −0.46% | #113 |
| 2018 | 56.67% | +0.09% | #118 |
| 2017 | 56.59% | +35.20% | #119 |
| 2016 | 21.39% | +2.08% | #25 |
| 2015 | 19.31% | −1.70% | #24 |
| 2014 | 21.01% | −2.15% | #30 |
| 2013 | 23.16% | +5.92% | #40 |
| 2012 | 17.24% | +0.62% | #26 |
| 2011 | 16.62% | −3.34% | #26 |
Detected Pattern
Analysis
San Marino matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
San Marino's government debt to gdp was 62.72% in 2025. Ranked 68th globally. This represents a 1.9% decrease from the previous year.
San Marino's government debt to gdp peaked at 77.19% in 2021.
The lowest government debt to gdp in San Marino was 11.56% in 2001.
San Marino ranks 68th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
San Marino's government debt to gdp is projected to reach 62.72% by 2025 based on IMF projection.
The government debt to gdp of San Marino in 2025 was 62.72%. This ranks 68th in the world.
Cite this page
@misc{historysaid_san-marino_government-debt-to-gdp,
title = {San Marino Government Debt to GDP},
url = {https://historysaid.com/san-marino/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}