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Global Debt Overview
- Global debt sums over $300 trillion, averaging nearly three times global GDP.
- This includes government, state, household, and corporate debt worldwide.
Global Debt is Internal
- Global debt differs from individual debt because the global economy essentially owes to itself.
- Every debt liability is an asset on another balance sheet within the global economy.
Global Debt vs Global Wealth
- Total global debt is three times global GDP but total global assets are around $1 quadrillion.
- This means net global worth after debt is approximately $700 trillion, indicating overall wealth.