Total world debt is currently $251 trillion. This was reported by the International Monetary Fund.
In monetary terms, global debt rose to $251 trillion, with public debt rising to $99.2 trillion and private debt shrinking to $151.8 trillion. The total figure exceeds 235% of the global gross domestic product.
“Global debt has stabilized, although it remains at an elevated level, as further reductions in private sector lending have offset increases in government borrowing”, the report said.
At the same time, global private debt fell to less than 143% of GDP, the lowest since 2015. This indicates a reduction in the liabilities of households and minor changes in the debt of non-financial companies. In the US, public debt last year rose to 121% of GDP (compared to 119% a year earlier), and in China – to 88% (from 82%).
At the same time, the dynamics of private debt differed in different countries: in the United States, a significant decrease was recorded – by 4.5 percentage points to 143% of GDP, while in China, on the contrary, the indicator increased by 6 points – to 206% of GDP.
