Global Debt

In the Euro area debt rose by 15 trillion to 53 trillion through September.

Global debt. And China according to a new report. Every second it seems someone in the world takes on more debt. The global economy has experienced four waves of debt accumulation over the past fifty years.

Global debt increased to 281 trillion last year with total private and public sector debt rising by 24 trillion in the 61 countries IIF follows. Multiply that across the globe. On average the worlds debt now exceeds 86000 in per capita terms which is more than 2½ times the average income per-capita.

Among advanced nations debt surged above 432 of GDP in the third quarter a. The Washington DCbased trade group estimated that the total amount of global debt reached 281 trillion by the end of 2020 marking a new record for global debt and exceeding the institutes. The world now has 250 trillion in global debt and growing.

Since the financial crisis of 2008 global debt has continued to rise. Our interactive overview of government debt across the planet. Global debt hit a record high of over 250 trillion in the first half of this year led by a surge in borrowings in the US.

Government debt accounts for 43 percent of this increase and nonfinancial corporate debt for 41 percent. In advanced economies the average debt ratio declined but there is no clear sign of a significant push to reduce debt. Total global debt stands at an unsustainable 320 percent of GDP.

More importantly relative debt has also increased. Global debt which comprises borrowings from households governments and companies grew by 9 trillion to nearly 253 trillion during that period according to the Institute of International. Total debt has increased by 72 trillion or 74 percent from 97 trillion in 2007 to 169 trillion in the first half of 2017.