Government debt burdens grow in countries around the world

Government debt burdens grew in Norway, Mexico and Estonia in Q2 2026. Norway's gross debt reached 69.85% of GDP, while Mexico's long-term debt due within a year rose to 7.99%.

  • Norway: Gross government debt rose to 69.85% of GDP in Q2 2026 from 59.01% in Q1. Short-term debt accounted for almost all the increase, reaching 43.93% of GDP.
  • Mexico: Long-term government debt due within a year rose to 7.99% of GDP from 6.24% a year earlier, leaving more debt to repay or refinance relative to the economy.
  • Estonia: Central government debt rose to 34.08% of GDP from 32.11% in Q1. Long-term debt stood at 19.49% of GDP.

The figures show growing repayment obligations across these countries, though they measure different parts of government debt.