Global Debt Milestones

Global debt has surged to an unprecedented $315 trillion, marking a significant increase from $221 trillion just eight years ago. This growth has been fueled by borrowing trends across both advanced and emerging economies, with the U.S. and Japan leading among developed nations, while China, India, and Mexico contributed heavily in emerging markets. The rise in debt levels reflects a staggering 21% increase since the pandemic began, adding about $54 trillion to the overall total. Among the various sectors, non-financial corporations hold the largest share of debt at $94 trillion, closely followed by government borrowing at $91 trillion.