Global Debt

Global Debt

 

Information showing the ratio of total government debt to global production (GDP) globally is given in the graph. When we look at the chart, we see that the total global government debt was 2.28 times the total production in 1999, 3 times in 2009 and 3.19 times in 2019. This globally increasing debt gives an idea about how fragile countries are in the financial crisis we are in.

Total Global Debt / GDP

Total Global Debt

Source: IIF Global Debt Monitor Database

I suggest you also read my “global debt” article on this subject. Global¬†Government Debts-to-GDP Ratio

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