Story perspectives

Global Debt Soars to $318 Trillion Amid Rising Risks

2/27/2025

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Summary

Story summary

Global debt hit an all-time high of $318 trillion in 2024, increasing by $7 trillion from 2023.
The debt-to-GDP ratio climbed to approximately 328%, marking its first rise in four years.
Emerging markets accounted for 65% of the debt increase, driven mainly by China, India, Saudi Arabia, and Türkiye.
Governments are under investor pressure to manage spending due to escalating interest rates.
Emerging markets face challenges with debt transparency and rising costs, heightening the risk of liquidity crises.

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Story summary

Global debt hit an all-time high of $318 trillion in 2024, increasing by $7 trillion from 2023.
The debt-to-GDP ratio climbed to approximately 328%, marking its first rise in four years.
Emerging markets accounted for 65% of the debt increase, driven mainly by China, India, Saudi Arabia, and Türkiye.
Governments are under investor pressure to manage spending due to escalating interest rates.
Emerging markets face challenges with debt transparency and rising costs, heightening the risk of liquidity crises.