• The global debt-to-GDP ratio hovered around 327% to 328% at the end of June, with emerging markets reaching a record high of 245%.
According to a report by the Institute of International Finance, global debt increased by approximately $2.1 trillion to reach $312 trillion in the first half of 2024, significantly lower than the $8.4 trillion rise recorded in the same period in 2023, as reported by Al Anbanewspaper.
The increase was uneven, with most of the growth coming from China and the United States, followed by India, Russia, and Sweden, according to the report. In contrast, many European countries and Japan experienced significant declines in their total debt.
Total global debt reached approximately $312 trillion at the end of June, with emerging markets holding $101.3 trillion, compared to $210.5 trillion in developed markets.
Across sectors, debt accumulation was most pronounced in the general government sector, followed by non-financial corporations. Household and financial sector debt remained relatively stable in the first half of the year.
According to the report, the global debt-to-GDP ratio hovered around 327% to 328% at the end of June, with emerging markets reaching a record high of 245%.
The Institute of International Finance anticipates that global government debt will double to $200 trillion by 2030, noting that climate finance will be the primary driver of this increase due to new government policies aimed at combating climate change.
