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World of Debt Report 2024
June 11 , 2024
19 days
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- Global debt (including borrowings of households, businesses and governments) has reached $315 trillion in 2024.
- This is three times the global gross domestic product (GDP).
- There are about 8.1 billion of us living in the world today.
- If we were to divide that debt up by person, each of us would owe about $39,000.”
- Of the total global debt, household debt stands at US$59.1 trillion; business debt at US$164.5 trillion; and public debt (governments’ borrowing) at US$91.4 trillion.
- India’s public debt reached $2.9 trillion in 2023, amounting to 82.7% of its GDP.
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