{"id":1444520,"date":"2023-12-18T11:55:00","date_gmt":"2023-12-18T16:55:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1444520"},"modified":"2023-12-18T11:55:00","modified_gmt":"2023-12-18T16:55:00","slug":"visualizing-97-trillion-of-global-debt-in-2023","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/visualizing-97-trillion-of-global-debt-in-2023\/1444520\/","title":{"rendered":"Visualizing $97 Trillion Of Global Debt In 2023"},"content":{"rendered":"

Visualizing $97 Trillion Of Global Debt In 2023<\/span><\/p>\n

\n

Global government debt is projected to hit\u00a0$97.1 trillion<\/strong>\u00a0this year, a 40% increase since 2019.<\/p>\n

During the COVID-19 pandemic, governments introduced sweeping financial measures to support the job market and prevent a wave of bankruptcies. However, this has exposed vulnerabilities as higher interest rates are amplifying borrowing costs.<\/strong><\/p>\n

In the graphic below, Visual Capitalist’s Niccolo Conte and Dorothy Neufeld show<\/a> global debt by country in 2023, based on projections from the International Monetary Fund (IMF<\/a>).<\/p>\n

<\/a><\/p>\n

Debt by Country in 2023<\/h2>\n

Below, we rank countries by their general government gross debt, or the financial liabilities owed by each country:<\/p>\n

Country
\n\t\t\tGross Debt (B)
\n\t\t\t% of World Total
\n\t\t\tDebt to GDP
\n\t\t\ud83c\uddfa\ud83c\uddf8 U.S.
\n\t\t\t$33,228.9
\n\t\t\t34.2%
\n\t\t\t123.3%
\n\t\t\ud83c\udde8\ud83c\uddf3 China
\n\t\t\t$14,691.7
\n\t\t\t15.1%
\n\t\t\t83.0%
\n\t\t\ud83c\uddef\ud83c\uddf5 Japan
\n\t\t\t$10,797.2
\n\t\t\t11.1%
\n\t\t\t255.2%
\n\t\t\ud83c\uddec\ud83c\udde7 UK
\n\t\t\t$3,468.7
\n\t\t\t3.6%
\n\t\t\t104.1%
\n\t\t\ud83c\uddeb\ud83c\uddf7 France
\n\t\t\t$3,353.9
\n\t\t\t3.5%
\n\t\t\t110.0%
\n\t\t\ud83c\uddee\ud83c\uddf9 Italy
\n\t\t\t$3,141.4
\n\t\t\t3.2%
\n\t\t\t143.7%
\n\t\t\ud83c\uddee\ud83c\uddf3 India
\n\t\t\t$3,056.7
\n\t\t\t3.1%
\n\t\t\t81.9%
\n\t\t\ud83c\udde9\ud83c\uddea Germany
\n\t\t\t$2,919.3
\n\t\t\t3.0%
\n\t\t\t65.9%
\n\t\t\ud83c\udde8\ud83c\udde6 Canada
\n\t\t\t$2,253.3
\n\t\t\t2.3%
\n\t\t\t106.4%
\n\t\t\ud83c\udde7\ud83c\uddf7 Brazil
\n\t\t\t$1,873.7
\n\t\t\t1.9%
\n\t\t\t88.1%
\n\t\t\ud83c\uddea\ud83c\uddf8 Spain
\n\t\t\t$1,697.5
\n\t\t\t1.7%
\n\t\t\t107.3%
\n\t\t\ud83c\uddf2\ud83c\uddfd Mexico
\n\t\t\t$954.6
\n\t\t\t1.0%
\n\t\t\t52.7%
\n\t\t\ud83c\uddf0\ud83c\uddf7 South Korea
\n\t\t\t$928.1
\n\t\t\t1.0%
\n\t\t\t54.3%
\n\t\t\ud83c\udde6\ud83c\uddfa Australia
\n\t\t\t$875.9
\n\t\t\t0.9%
\n\t\t\t51.9%
\n\t\t\ud83c\uddf8\ud83c\uddec Singapore
\n\t\t\t$835.0
\n\t\t\t0.9%
\n\t\t\t167.9%
\n\t\t\ud83c\udde7\ud83c\uddea Belgium
\n\t\t\t$665.2
\n\t\t\t0.7%
\n\t\t\t106.0%
\n\t\t\ud83c\udde6\ud83c\uddf7 Argentina
\n\t\t\t$556.5
\n\t\t\t0.6%
\n\t\t\t89.5%
\n\t\t\ud83c\uddee\ud83c\udde9 Indonesia
\n\t\t\t$552.8
\n\t\t\t0.6%
\n\t\t\t39.0%
\n\t\t\ud83c\uddf3\ud83c\uddf1 Netherlands
\n\t\t\t$540.9
\n\t\t\t0.6%
\n\t\t\t49.5%
\n\t\t\ud83c\uddf5\ud83c\uddf1 Poland
\n\t\t\t$419.4
\n\t\t\t0.4%
\n\t\t\t49.8%
\n\t\t\ud83c\uddec\ud83c\uddf7 Greece
\n\t\t\t$407.2
\n\t\t\t0.4%
\n\t\t\t168.0%
\n\t\t\ud83c\uddf9\ud83c\uddf7 T\u00fcrkiye
\n\t\t\t$397.2
\n\t\t\t0.4%
\n\t\t\t34.4%
\n\t\t\ud83c\uddf7\ud83c\uddfa Russia
\n\t\t\t$394.8
\n\t\t\t0.4%
\n\t\t\t21.2%
\n\t\t\ud83c\udde6\ud83c\uddf9 Austria
\n\t\t\t$393.6
\n\t\t\t0.4%
\n\t\t\t74.8%
\n\t\t\ud83c\uddea\ud83c\uddec Egypt
\n\t\t\t$369.3
\n\t\t\t0.4%
\n\t\t\t92.7%
\n\t\t\ud83c\udde8\ud83c\udded Switzerland
\n\t\t\t$357.7
\n\t\t\t0.4%
\n\t\t\t39.5%
\n\t\t\ud83c\uddf9\ud83c\udded Thailand
\n\t\t\t$314.5
\n\t\t\t0.3%
\n\t\t\t61.4%
\n\t\t\ud83c\uddee\ud83c\uddf1 Israel
\n\t\t\t$303.6
\n\t\t\t0.3%
\n\t\t\t58.2%
\n\t\t\ud83c\uddf5\ud83c\uddf9 Portugal
\n\t\t\t$299.4
\n\t\t\t0.3%
\n\t\t\t108.3%
\n\t\t\ud83c\uddf2\ud83c\uddfe Malaysia
\n\t\t\t$288.3
\n\t\t\t0.3%
\n\t\t\t66.9%
\n\t\t\ud83c\uddff\ud83c\udde6 South Africa
\n\t\t\t$280.7
\n\t\t\t0.3%
\n\t\t\t73.7%
\n\t\t\ud83c\uddf5\ud83c\uddf0 Pakistan
\n\t\t\t$260.9
\n\t\t\t0.3%
\n\t\t\t76.6%
\n\t\t\ud83c\uddf8\ud83c\udde6 Saudi Arabia
\n\t\t\t$257.7
\n\t\t\t0.3%
\n\t\t\t24.1%
\n\t\t\ud83c\uddee\ud83c\uddea Ireland
\n\t\t\t$251.7
\n\t\t\t0.3%
\n\t\t\t42.7%
\n\t\t\ud83c\uddf5\ud83c\udded Philippines
\n\t\t\t$250.9
\n\t\t\t0.3%
\n\t\t\t57.6%
\n\t\t\ud83c\uddeb\ud83c\uddee Finland
\n\t\t\t$225.0
\n\t\t\t0.2%
\n\t\t\t73.6%
\n\t\t\ud83c\uddf3\ud83c\uddf4 Norway
\n\t\t\t$204.5
\n\t\t\t0.2%
\n\t\t\t37.4%
\n\t\t\ud83c\udde8\ud83c\uddf4 Colombia
\n\t\t\t$200.1
\n\t\t\t0.2%
\n\t\t\t55.0%
\n\t\t\ud83c\uddf9\ud83c\uddfc Taiwan
\n\t\t\t$200.0
\n\t\t\t0.2%
\n\t\t\t26.6%
\n\t\t\ud83c\uddf8\ud83c\uddea Sweden
\n\t\t\t$192.9
\n\t\t\t0.2%
\n\t\t\t32.3%
\n\t\t\ud83c\uddf7\ud83c\uddf4 Romania
\n\t\t\t$178.7
\n\t\t\t0.2%
\n\t\t\t51.0%
\n\t\t\ud83c\udde7\ud83c\udde9 Bangladesh
\n\t\t\t$175.9
\n\t\t\t0.2%
\n\t\t\t39.4%
\n\t\t\ud83c\uddfa\ud83c\udde6 Ukraine
\n\t\t\t$152.8
\n\t\t\t0.2%
\n\t\t\t88.1%
\n\t\t\ud83c\udde8\ud83c\uddff Czech Republic
\n\t\t\t$152.2
\n\t\t\t0.2%
\n\t\t\t45.4%
\n\t\t\ud83c\uddf3\ud83c\uddec Nigeria
\n\t\t\t$151.3
\n\t\t\t0.2%
\n\t\t\t38.8%
\n\t\t\ud83c\udde6\ud83c\uddea UAE
\n\t\t\t$149.7
\n\t\t\t0.2%
\n\t\t\t29.4%
\n\t\t\ud83c\uddfb\ud83c\uddf3 Vietnam
\n\t\t\t$147.3
\n\t\t\t0.2%
\n\t\t\t34.0%
\n\t\t\ud83c\udded\ud83c\uddfa Hungary
\n\t\t\t$140.0
\n\t\t\t0.1%
\n\t\t\t68.7%
\n\t\t\ud83c\udde8\ud83c\uddf1 Chile
\n\t\t\t$132.2
\n\t\t\t0.1%
\n\t\t\t38.4%
\n\t\t\ud83c\udde9\ud83c\uddf0 Denmark
\n\t\t\t$126.7
\n\t\t\t0.1%
\n\t\t\t30.1%
\n\t\t\ud83c\uddee\ud83c\uddf6 Iraq
\n\t\t\t$125.5
\n\t\t\t0.1%
\n\t\t\t49.2%
\n\t\t\ud83c\udde9\ud83c\uddff Algeria
\n\t\t\t$123.5
\n\t\t\t0.1%
\n\t\t\t55.1%
\n\t\t\ud83c\uddf3\ud83c\uddff New Zealand
\n\t\t\t$115.0
\n\t\t\t0.1%
\n\t\t\t46.1%
\n\t\t\ud83c\uddee\ud83c\uddf7 Iran
\n\t\t\t$112.1
\n\t\t\t0.1%
\n\t\t\t30.6%
\n\t\t\ud83c\uddf2\ud83c\udde6 Morocco
\n\t\t\t$102.7
\n\t\t\t0.1%
\n\t\t\t69.7%
\n\t\t\ud83c\uddf6\ud83c\udde6 Qatar
\n\t\t\t$97.5
\n\t\t\t0.1%
\n\t\t\t41.4%
\n\t\t\ud83c\uddf5\ud83c\uddea Peru
\n\t\t\t$89.7
\n\t\t\t0.1%
\n\t\t\t33.9%
\n\t\t\ud83c\udde6\ud83c\uddf4 Angola
\n\t\t\t$79.6
\n\t\t\t0.1%
\n\t\t\t84.9%
\n\t\t\ud83c\uddf0\ud83c\uddea Kenya
\n\t\t\t$79.1
\n\t\t\t0.1%
\n\t\t\t70.2%
\n\t\t\ud83c\uddf8\ud83c\uddf0 Slovakia
\n\t\t\t$75.4
\n\t\t\t0.1%
\n\t\t\t56.7%
\n\t\t\ud83c\udde9\ud83c\uddf4 Dominican Republic
\n\t\t\t$72.1
\n\t\t\t0.1%
\n\t\t\t59.8%
\n\t\t\ud83c\uddea\ud83c\udde8 Ecuador
\n\t\t\t$65.9
\n\t\t\t0.1%
\n\t\t\t55.5%
\n\t\t\ud83c\uddf8\ud83c\udde9 Sudan
\n\t\t\t$65.5
\n\t\t\t0.1%
\n\t\t\t256.0%
\n\t\t\ud83c\uddec\ud83c\udded Ghana
\n\t\t\t$65.1
\n\t\t\t0.1%
\n\t\t\t84.9%
\n\t\t\ud83c\uddf0\ud83c\uddff Kazakhstan
\n\t\t\t$60.7
\n\t\t\t0.1%
\n\t\t\t23.4%
\n\t\t\ud83c\uddea\ud83c\uddf9 Ethiopia
\n\t\t\t$59.0
\n\t\t\t0.1%
\n\t\t\t37.9%
\n\t\t\ud83c\udde7\ud83c\udded Bahrain
\n\t\t\t$54.5
\n\t\t\t0.1%
\n\t\t\t121.2%
\n\t\t\ud83c\udde8\ud83c\uddf7 Costa Rica
\n\t\t\t$53.9
\n\t\t\t0.1%
\n\t\t\t63.0%
\n\t\t\ud83c\udded\ud83c\uddf7 Croatia
\n\t\t\t$51.2
\n\t\t\t0.1%
\n\t\t\t63.8%
\n\t\t\ud83c\uddfa\ud83c\uddfe Uruguay
\n\t\t\t$47.0
\n\t\t\t0.0%
\n\t\t\t61.6%
\n\t\t\ud83c\uddef\ud83c\uddf4 Jordan
\n\t\t\t$46.9
\n\t\t\t0.0%
\n\t\t\t93.8%
\n\t\t\ud83c\uddf8\ud83c\uddee Slovenia
\n\t\t\t$46.8
\n\t\t\t0.0%
\n\t\t\t68.5%
\n\t\t\ud83c\udde8\ud83c\uddee C\u00f4te d’Ivoire
\n\t\t\t$45.1
\n\t\t\t0.0%
\n\t\t\t56.8%
\n\t\t\ud83c\uddf5\ud83c\udde6 Panama
\n\t\t\t$43.5
\n\t\t\t0.0%
\n\t\t\t52.8%
\n\t\t\ud83c\uddf2\ud83c\uddf2 Myanmar
\n\t\t\t$43.0
\n\t\t\t0.0%
\n\t\t\t57.5%
\n\t\t\ud83c\uddf4\ud83c\uddf2 Oman
\n\t\t\t$41.4
\n\t\t\t0.0%
\n\t\t\t38.2%
\n\t\t\ud83c\uddf9\ud83c\uddf3 Tunisia
\n\t\t\t$39.9
\n\t\t\t0.0%
\n\t\t\t77.8%
\n\t\t\ud83c\uddf7\ud83c\uddf8 Serbia
\n\t\t\t$38.5
\n\t\t\t0.0%
\n\t\t\t51.3%
\n\t\t\ud83c\udde7\ud83c\uddf4 Bolivia
\n\t\t\t$37.8
\n\t\t\t0.0%
\n\t\t\t80.8%
\n\t\t\ud83c\uddf9\ud83c\uddff Tanzania
\n\t\t\t$35.8
\n\t\t\t0.0%
\n\t\t\t42.6%
\n\t\t\ud83c\uddfa\ud83c\uddff Uzbekistan
\n\t\t\t$31.7
\n\t\t\t0.0%
\n\t\t\t35.1%
\n\t\t\ud83c\uddff\ud83c\uddfc Zimbabwe
\n\t\t\t$30.9
\n\t\t\t0.0%
\n\t\t\t95.4%
\n\t\t\ud83c\udde7\ud83c\uddfe Belarus
\n\t\t\t$30.4
\n\t\t\t0.0%
\n\t\t\t44.1%
\n\t\t\ud83c\uddec\ud83c\uddf9 Guatemala
\n\t\t\t$29.1
\n\t\t\t0.0%
\n\t\t\t28.3%
\n\t\t\ud83c\uddf1\ud83c\uddf9 Lithuania
\n\t\t\t$28.7
\n\t\t\t0.0%
\n\t\t\t36.1%
\n\t\t\ud83c\uddf8\ud83c\uddfb El Salvador
\n\t\t\t$25.8
\n\t\t\t0.0%
\n\t\t\t73.0%
\n\t\t\ud83c\uddfa\ud83c\uddec Uganda
\n\t\t\t$25.3
\n\t\t\t0.0%
\n\t\t\t48.3%
\n\t\t\ud83c\uddf8\ud83c\uddf3 Senegal
\n\t\t\t$25.2
\n\t\t\t0.0%
\n\t\t\t81.0%
\n\t\t\ud83c\udde8\ud83c\uddfe Cyprus
\n\t\t\t$25.2
\n\t\t\t0.0%
\n\t\t\t78.6%
\n\t\t\ud83c\uddf1\ud83c\uddfa Luxembourg
\n\t\t\t$24.6
\n\t\t\t0.0%
\n\t\t\t27.6%
\n\t\t\ud83c\udded\ud83c\uddf0 Hong Kong SAR
\n\t\t\t$23.5
\n\t\t\t0.0%
\n\t\t\t6.1%
\n\t\t\ud83c\udde7\ud83c\uddec Bulgaria
\n\t\t\t$21.7
\n\t\t\t0.0%
\n\t\t\t21.0%
\n\t\t\ud83c\udde8\ud83c\uddf2 Cameroon
\n\t\t\t$20.6
\n\t\t\t0.0%
\n\t\t\t41.9%
\n\t\t\ud83c\uddf2\ud83c\uddff Mozambique
\n\t\t\t$19.7
\n\t\t\t0.0%
\n\t\t\t89.7%
\n\t\t\ud83c\uddf5\ud83c\uddf7 Puerto Rico
\n\t\t\t$19.6
\n\t\t\t0.0%
\n\t\t\t16.7%
\n\t\t\ud83c\uddf3\ud83c\uddf5 Nepal
\n\t\t\t$19.3
\n\t\t\t0.0%
\n\t\t\t46.7%
\n\t\t\ud83c\uddf1\ud83c\uddfb Latvia
\n\t\t\t$18.9
\n\t\t\t0.0%
\n\t\t\t40.6%
\n\t\t\ud83c\uddee\ud83c\uddf8 Iceland
\n\t\t\t$18.7
\n\t\t\t0.0%
\n\t\t\t61.2%
\n\t\t\ud83c\uddf5\ud83c\uddfe Paraguay
\n\t\t\t$18.1
\n\t\t\t0.0%
\n\t\t\t40.9%
\n\t\t\ud83c\uddf1\ud83c\udde6 Lao P.D.R.
\n\t\t\t$17.3
\n\t\t\t0.0%
\n\t\t\t121.7%
\n\t\t\ud83c\udded\ud83c\uddf3 Honduras
\n\t\t\t$15.7
\n\t\t\t0.0%
\n\t\t\t46.3%
\n\t\t\ud83c\uddf5\ud83c\uddec Papua New Guinea
\n\t\t\t$15.7
\n\t\t\t0.0%
\n\t\t\t49.5%
\n\t\t\ud83c\uddf9\ud83c\uddf9 Trinidad and Tobago
\n\t\t\t$14.6
\n\t\t\t0.0%
\n\t\t\t52.5%
\n\t\t\ud83c\udde6\ud83c\uddf1 Albania
\n\t\t\t$14.5
\n\t\t\t0.0%
\n\t\t\t62.9%
\n\t\t\ud83c\udde8\ud83c\uddec Republic of Congo
\n\t\t\t$14.1
\n\t\t\t0.0%
\n\t\t\t97.8%
\n\t\t\ud83c\udde6\ud83c\uddff Azerbaijan
\n\t\t\t$14.1
\n\t\t\t0.0%
\n\t\t\t18.2%
\n\t\t\ud83c\uddfe\ud83c\uddea Yemen
\n\t\t\t$14.0
\n\t\t\t0.0%
\n\t\t\t66.4%
\n\t\t\ud83c\uddef\ud83c\uddf2 Jamaica
\n\t\t\t$13.6
\n\t\t\t0.0%
\n\t\t\t72.3%
\n\t\t\ud83c\uddf2\ud83c\uddf3 Mongolia
\n\t\t\t$13.1
\n\t\t\t0.0%
\n\t\t\t69.9%
\n\t\t\ud83c\udde7\ud83c\uddeb Burkina Faso
\n\t\t\t$12.7
\n\t\t\t0.0%
\n\t\t\t61.2%
\n\t\t\ud83c\uddec\ud83c\udde6 Gabon
\n\t\t\t$12.5
\n\t\t\t0.0%
\n\t\t\t64.9%
\n\t\t\ud83c\uddec\ud83c\uddea Georgia
\n\t\t\t$11.9
\n\t\t\t0.0%
\n\t\t\t39.6%
\n\t\t\ud83c\uddf2\ud83c\uddfa Mauritius
\n\t\t\t$11.8
\n\t\t\t0.0%
\n\t\t\t79.7%
\n\t\t\ud83c\udde6\ud83c\uddf2 Armenia
\n\t\t\t$11.8
\n\t\t\t0.0%
\n\t\t\t47.9%
\n\t\t\ud83c\udde7\ud83c\uddf8 Bahamas
\n\t\t\t$11.7
\n\t\t\t0.0%
\n\t\t\t84.2%
\n\t\t\ud83c\uddf2\ud83c\uddf1 Mali
\n\t\t\t$11.0
\n\t\t\t0.0%
\n\t\t\t51.8%
\n\t\t\ud83c\uddf2\ud83c\uddf9 Malta
\n\t\t\t$11.0
\n\t\t\t0.0%
\n\t\t\t54.1%
\n\t\t\ud83c\uddf0\ud83c\udded Cambodia
\n\t\t\t$10.9
\n\t\t\t0.0%
\n\t\t\t35.3%
\n\t\t\ud83c\udde7\ud83c\uddef Benin
\n\t\t\t$10.6
\n\t\t\t0.0%
\n\t\t\t53.0%
\n\t\t\ud83c\uddf2\ud83c\uddfc Malawi
\n\t\t\t$10.4
\n\t\t\t0.0%
\n\t\t\t78.6%
\n\t\t\ud83c\uddea\ud83c\uddea Estonia
\n\t\t\t$9.0
\n\t\t\t0.0%
\n\t\t\t21.6%
\n\t\t\ud83c\udde8\ud83c\udde9 Democratic Republic of Congo
\n\t\t\t$9.0
\n\t\t\t0.0%
\n\t\t\t13.3%
\n\t\t\ud83c\uddf7\ud83c\uddfc Rwanda
\n\t\t\t$8.8
\n\t\t\t0.0%
\n\t\t\t63.3%
\n\t\t\ud83c\uddf3\ud83c\udde6 Namibia
\n\t\t\t$8.5
\n\t\t\t0.0%
\n\t\t\t67.6%
\n\t\t\ud83c\uddf2\ud83c\uddec Madagascar
\n\t\t\t$8.5
\n\t\t\t0.0%
\n\t\t\t54.0%
\n\t\t\ud83c\uddf3\ud83c\uddea Niger
\n\t\t\t$8.3
\n\t\t\t0.0%
\n\t\t\t48.7%
\n\t\t\ud83c\uddf2\ud83c\uddf0 North Macedonia
\n\t\t\t$8.2
\n\t\t\t0.0%
\n\t\t\t51.6%
\n\t\t\ud83c\udde7\ud83c\udde6 Bosnia and Herzegovina
\n\t\t\t$7.7
\n\t\t\t0.0%
\n\t\t\t28.6%
\n\t\t\ud83c\uddf2\ud83c\uddfb Maldives
\n\t\t\t$7.7
\n\t\t\t0.0%
\n\t\t\t110.3%
\n\t\t\ud83c\uddec\ud83c\uddf3 Guinea
\n\t\t\t$7.3
\n\t\t\t0.0%
\n\t\t\t31.6%
\n\t\t\ud83c\uddf3\ud83c\uddee Nicaragua
\n\t\t\t$7.2
\n\t\t\t0.0%
\n\t\t\t41.5%
\n\t\t\ud83c\udde7\ud83c\udde7 Barbados
\n\t\t\t$7.2
\n\t\t\t0.0%
\n\t\t\t115.0%
\n\t\t\ud83c\uddf9\ud83c\uddec Togo
\n\t\t\t$6.1
\n\t\t\t0.0%
\n\t\t\t67.2%
\n\t\t\ud83c\uddf0\ud83c\uddec Kyrgyz Republic
\n\t\t\t$6.0
\n\t\t\t0.0%
\n\t\t\t47.0%
\n\t\t\ud83c\uddf2\ud83c\udde9 Moldova
\n\t\t\t$5.6
\n\t\t\t0.0%
\n\t\t\t35.1%
\n\t\t\ud83c\uddf9\ud83c\udde9 Chad
\n\t\t\t$5.4
\n\t\t\t0.0%
\n\t\t\t43.2%
\n\t\t\ud83c\uddf0\ud83c\uddfc Kuwait
\n\t\t\t$5.4
\n\t\t\t0.0%
\n\t\t\t3.4%
\n\t\t\ud83c\uddf2\ud83c\uddf7 Mauritania
\n\t\t\t$5.1
\n\t\t\t0.0%
\n\t\t\t49.5%
\n\t\t\ud83c\udded\ud83c\uddf9 Haiti
\n\t\t\t$5.1
\n\t\t\t0.0%
\n\t\t\t19.6%
\n\t\t\ud83c\uddec\ud83c\uddfe Guyana
\n\t\t\t$4.9
\n\t\t\t0.0%
\n\t\t\t29.9%
\n\t\t\ud83c\uddf2\ud83c\uddea Montenegro
\n\t\t\t$4.6
\n\t\t\t0.0%
\n\t\t\t65.8%
\n\t\t\ud83c\uddeb\ud83c\uddef Fiji
\n\t\t\t$4.6
\n\t\t\t0.0%
\n\t\t\t83.6%
\n\t\t\ud83c\uddf9\ud83c\uddf2 Turkmenistan
\n\t\t\t$4.2
\n\t\t\t0.0%
\n\t\t\t5.1%
\n\t\t\ud83c\uddf9\ud83c\uddef Tajikistan
\n\t\t\t$4.0
\n\t\t\t0.0%
\n\t\t\t33.5%
\n\t\t\ud83c\udde7\ud83c\uddfc Botswana
\n\t\t\t$3.9
\n\t\t\t0.0%
\n\t\t\t18.7%
\n\t\t\ud83c\uddec\ud83c\uddf6 Equatorial Guinea
\n\t\t\t$3.8
\n\t\t\t0.0%
\n\t\t\t38.3%
\n\t\t\ud83c\uddf8\ud83c\uddf7 Suriname
\n\t\t\t$3.8
\n\t\t\t0.0%
\n\t\t\t107.0%
\n\t\t\ud83c\uddf8\ud83c\uddf8 South Sudan
\n\t\t\t$3.8
\n\t\t\t0.0%
\n\t\t\t60.4%
\n\t\t\ud83c\udde7\ud83c\uddf9 Bhutan
\n\t\t\t$3.3
\n\t\t\t0.0%
\n\t\t\t123.4%
\n\t\t\ud83c\udde6\ud83c\uddfc Aruba
\n\t\t\t$3.2
\n\t\t\t0.0%
\n\t\t\t82.9%
\n\t\t\ud83c\uddf8\ud83c\uddf1 Sierra Leone
\n\t\t\t$3.1
\n\t\t\t0.0%
\n\t\t\t88.9%
\n\t\t\ud83c\udde8\ud83c\uddfb Cabo Verde
\n\t\t\t$2.9
\n\t\t\t0.0%
\n\t\t\t113.1%
\n\t\t\ud83c\udde7\ud83c\uddee Burundi
\n\t\t\t$2.3
\n\t\t\t0.0%
\n\t\t\t72.7%
\n\t\t\ud83c\uddf1\ud83c\uddf7 Liberia
\n\t\t\t$2.3
\n\t\t\t0.0%
\n\t\t\t52.3%
\n\t\t\ud83c\uddfd\ud83c\uddf0 Kosovo
\n\t\t\t$2.2
\n\t\t\t0.0%
\n\t\t\t21.3%
\n\t\t\ud83c\uddf8\ud83c\uddff Eswatini
\n\t\t\t$2.0
\n\t\t\t0.0%
\n\t\t\t42.4%
\n\t\t\ud83c\udde7\ud83c\uddff Belize
\n\t\t\t$1.9
\n\t\t\t0.0%
\n\t\t\t59.3%
\n\t\t\ud83c\uddf1\ud83c\udde8 Saint Lucia
\n\t\t\t$1.8
\n\t\t\t0.0%
\n\t\t\t74.2%
\n\t\t\ud83c\uddec\ud83c\uddf2 Gambia
\n\t\t\t$1.7
\n\t\t\t0.0%
\n\t\t\t72.3%
\n\t\t\ud83c\udde9\ud83c\uddef Djibouti
\n\t\t\t$1.6
\n\t\t\t0.0%
\n\t\t\t41.8%
\n\t\t\ud83c\udde6\ud83c\uddec Antigua and Barbuda
\n\t\t\t$1.6
\n\t\t\t0.0%
\n\t\t\t80.5%
\n\t\t\ud83c\uddf8\ud83c\uddf2 San Marino
\n\t\t\t$1.5
\n\t\t\t0.0%
\n\t\t\t74.0%
\n\t\t\ud83c\uddec\ud83c\uddfc Guinea-Bissau
\n\t\t\t$1.5
\n\t\t\t0.0%
\n\t\t\t73.9%
\n\t\t\ud83c\uddf1\ud83c\uddf8 Lesotho
\n\t\t\t$1.5
\n\t\t\t0.0%
\n\t\t\t61.3%
\n\t\t\ud83c\udde6\ud83c\udde9 Andorra
\n\t\t\t$1.4
\n\t\t\t0.0%
\n\t\t\t37.7%
\n\t\t\ud83c\udde8\ud83c\uddeb Central African Republic
\n\t\t\t$1.4
\n\t\t\t0.0%
\n\t\t\t50.1%
\n\t\t\ud83c\uddf8\ud83c\udde8 Seychelles
\n\t\t\t$1.3
\n\t\t\t0.0%
\n\t\t\t60.8%
\n\t\t\ud83c\uddfb\ud83c\udde8 Saint Vincent and the Grenadines
\n\t\t\t$0.9
\n\t\t\t0.0%
\n\t\t\t86.2%
\n\t\t\ud83c\uddec\ud83c\udde9 Grenada
\n\t\t\t$0.8
\n\t\t\t0.0%
\n\t\t\t60.2%
\n\t\t\ud83c\udde9\ud83c\uddf2 Dominica
\n\t\t\t$0.7
\n\t\t\t0.0%
\n\t\t\t93.9%
\n\t\t\ud83c\uddf0\ud83c\uddf3 Saint Kitts and Nevis
\n\t\t\t$0.6
\n\t\t\t0.0%
\n\t\t\t53.2%
\n\t\t\ud83c\uddfb\ud83c\uddfa Vanuatu
\n\t\t\t$0.5
\n\t\t\t0.0%
\n\t\t\t46.8%
\n\t\t\ud83c\uddf0\ud83c\uddf2 Comoros
\n\t\t\t$0.5
\n\t\t\t0.0%
\n\t\t\t33.3%
\n\t\t\ud83c\uddf8\ud83c\uddf9 S\u00e3o Tom\u00e9 and Pr\u00edncipe
\n\t\t\t$0.4
\n\t\t\t0.0%
\n\t\t\t58.5%
\n\t\t\ud83c\uddf8\ud83c\udde7 Solomon Islands
\n\t\t\t$0.4
\n\t\t\t0.0%
\n\t\t\t22.2%
\n\t\t\ud83c\udde7\ud83c\uddf3 Brunei Darussalam
\n\t\t\t$0.3
\n\t\t\t0.0%
\n\t\t\t2.3%
\n\t\t\ud83c\uddfc\ud83c\uddf8 Samoa
\n\t\t\t$0.3
\n\t\t\t0.0%
\n\t\t\t36.2%
\n\t\t\ud83c\uddf9\ud83c\uddf1 Timor-Leste
\n\t\t\t$0.3
\n\t\t\t0.0%
\n\t\t\t16.4%
\n\t\t\ud83c\uddf5\ud83c\uddfc Palau
\n\t\t\t$0.2
\n\t\t\t0.0%
\n\t\t\t85.4%
\n\t\t\ud83c\uddf9\ud83c\uddf4 Tonga
\n\t\t\t$0.2
\n\t\t\t0.0%
\n\t\t\t41.1%
\n\t\t\ud83c\uddeb\ud83c\uddf2 Micronesia
\n\t\t\t$0.1
\n\t\t\t0.0%
\n\t\t\t12.5%
\n\t\t\ud83c\uddf2\ud83c\udded Marshall Islands
\n\t\t\t$0.1
\n\t\t\t0.0%
\n\t\t\t18.1%
\n\t\t\ud83c\uddf3\ud83c\uddf7 Nauru
\n\t\t\t<$0.1
\n\t\t\t0.0%
\n\t\t\t29.1%
\n\t\t\ud83c\uddf0\ud83c\uddee Kiribati
\n\t\t\t<$0.1
\n\t\t\t0.0%
\n\t\t\t13.1%
\n\t\t\ud83c\uddf9\ud83c\uddfb Tuvalu
\n\t\t\t<$0.1
\n\t\t\t0.0%
\n\t\t\t8.0%
\n\t\t\ud83c\uddf2\ud83c\uddf4 Macao SAR
\n\t\t\t<$0.1
\n\t\t\t0.0%
\n\t\t\t0.0%
\n\t\t\ud83c\udf10 World
\n\t\t\t$97,129.8
\n\t\t\t100%
\n\t\t\t93.0%<\/p>\n

With $33.2 trillion in government debt, the\u00a0U.S.<\/strong>\u00a0makes up over a third of the world total.<\/p>\n

Given the increasing debt load, the cost of servicing this debt now accounts for 20% of government spending. It is projected to reach\u00a0$1 trillion by 2028<\/a>, surpassing the total spent on defense.<\/p>\n

The world\u2019s third-biggest economy,\u00a0Japan<\/strong>, has one of the highest debt to GDP ratios, at 255%. Over the last two decades, its national debt has far exceeded 100% of its GDP, driven by an aging population and social security expenses.<\/p>\n

In 2023,\u00a0Egypt<\/strong>\u00a0faces steep borrowing costs, with 40% of revenues going towards debt repayments. It has the highest debt on the continent.<\/p>\n

Like Egypt, several emerging economies are facing strain.\u00a0Lebanon<\/strong>\u00a0has been in default since 2020, and\u00a0Ghana<\/strong>\u00a0defaulted on the majority of its external debt\u2014debt owed to foreign lenders\u2014in 2022 amid a deepening economic crisis.<\/p>\n

Global Debt: A Regional Perspective<\/h2>\n

How does debt compare on a regional level in 2023?<\/p>\n

<\/a><\/p>\n

We can see that North America has both the highest debt and debt to GDP compared to other regions. Just as\u00a0U.S. debt<\/a>\u00a0has ballooned, so has Canada\u2019s\u2014ranking as the 10th-highest globally in government debt outstanding.<\/p>\n

Across Asia and the Pacific, debt levels hover close to North America.<\/p>\n

At 3.3% of the global total, South America has $3.2 trillion in debt. As inflation has trended downwards, a handful of governments have already begun cutting interest rates. Overall, public debt levels are projected to stay elevated across the region.<\/p>\n

Debt levels have also risen rapidly in Africa, with an average 40% of public debt held in foreign currencies\u2014leaving it exposed to exchange rate fluctuations. Another challenge is that interest rates are also higher across the region compared to advanced economies, increasing debt-servicing costs.<\/p>\n

By 2028, the IMF projects that global public debt will exceed\u00a0100%<\/strong>\u00a0of GDP, hitting levels only seen during the pandemic.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nMon, 12\/18\/2023 – 06:55<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/visualizing-97-trillion-global-debt-2023<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Visualizing $97 Trillion Of Global Debt In 2023 Global government debt is projected to hit\u00a0$97.1 trillion\u00a0this year, a 40% increase since 2019. During the COVID-19…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1444520","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1444520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1444520"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1444520\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1444520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1444520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1444520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}