Global Debt Hits a New High of $315 Trillion 🏦

What We’re Showing

This graphic shows global debt as of Q1 2024, based on data from the Institute of International Finance (IIF).

Key Takeaways

• The global debt stock hit a fresh high in the first quarter of 2024, reaching 333% of GDP
• Roughly two-thirds of global debt is driven by advanced economies
• In advanced markets, the U.S. and Japan were the largest contributors to debt in Q1 while China, India, and Mexico made up the greatest share across emerging markets
• Overall, global debt has expanded by more than $100 trillion in the last decade