{"id":53371,"date":"2025-03-06T22:11:45","date_gmt":"2025-03-06T22:11:45","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-debt-soars-50-in-a-decade-exceeding-gdp-growth"},"modified":"2025-03-17T03:25:46","modified_gmt":"2025-03-17T03:25:46","slug":"world-debt-soars-50-in-a-decade-exceeding-gdp-growth","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-debt-soars-50-in-a-decade-exceeding-gdp-growth","title":{"rendered":"World debt soars 50% in a decade, exceeding GDP growth"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>Global debt surged by about 50% over the last decade, outpacing a 46% increase in global gross domestic product (GDP).<\/p>\n

From the end of 2015 to the end of 2024, global debt rose by 49.2%, from $213.3 trillion to $318.4 trillion, an additional $105 trillion, data from the International Institute of Finance (IIF) shows.<\/p>\n

Over the last 10 years, global GDP increased by approximately $35 trillion, reaching $110 trillion, according to the International Monetary Fund (IMF).<\/p>\n

In other words, global debt now exceeds the world\u2019s GDP by three times.<\/p>\n

During the same 10-year period, household debt rose by 50% to $60.1 trillion, while debt for non-financial companies grew by 45% to $91.3 trillion. Financial firms saw the smallest increase at 33.4%, reaching a total of $71.4 trillion.<\/p>\n

Government debt, meanwhile, surged by 67.7%, rising from $56.8 trillion at the end of 2015 to $95.3 trillion by the end of 2024.<\/p>\n

Mature markets’ debt soared by 34.3% to $214.3 trillion as of the end of 2024, and emerging markets’ debt jumped by 92.7% to $103.7 trillion.<\/p>\n

As for GDP, advanced economies saw a 41.7% increase, while emerging markets and developing economies posted a 53.2% rise.<\/p>\n

The most impactful developments in the span of the past decade were the measures introduced to ease the severe economic effects of the COVID-19 pandemic.<\/p>\n

While global GDP narrowed by around 2.5% year-on-year in 2020, according to the IMF, global debt rose by 13% over the same period, reaching $291.2 trillion.<\/p>\n

Since the World Health Organization declared the pandemic in January 2020, global debt has increased by 23.2%, from $258.4 trillion to $318.4 trillion, according to IIF data.<\/p>\n

Over the same period, global GDP expanded by about 26%, IMF figures showed.<\/p>\n

World trade also surged during this time, doubling from around $16 trillion to about $33 trillion.<\/p>\n

Economy snapshots<\/b><\/p>\n

The US’ total debt was at $97.83 trillion at the end of 2024, rising by 62.5% over the past decade.<\/p>\n

This means the US is responsible for around a third of global debt.<\/p>\n

During the same period, the world\u2019s largest economy, the US, grew by 58.4%, which was less than the debt increase.<\/p>\n

As for the euro area, total debt rose 22% to $54.5 trillion by the end of 2024.<\/p>\n

The eurozone economy expanded by 38.5% in the 10-year period, growing faster than debt figures.<\/p>\n

The UK\u2019s debt increased by 12.5% over the past decade, while its GDP grew by 22.5%.<\/p>\n

Russia’s debt totaled $2.6 trillion as of the end of 2024, rising by 67.7%, while the Russian economy grew by 60.3%.<\/p>\n

China’s debt figures rose by 123.4% to $62.4 trillion over the same period, while its GDP expanded by 64.5%, about half the rate of its debt growth.<\/p>\n

For More News And Analysis About Lesotho<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. Global debt surged by about 50% over the last decade, outpacing a 46% increase in global gross domestic product (GDP). From the end of 2015 to the end of 2024, global debt rose by 49.2%, from $213.3 trillion to $318.4 trillion, an additional $105 trillion, data from the International Institute of Finance […]<\/p>\n","protected":false},"author":84,"featured_media":53370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5589,140,5590,4921,245,562],"class_list":["post-53371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-debt","tag-gdp","tag-globe","tag-iif","tag-lesotho","tag-world"],"yoast_head":"\nWorld debt soars 50% in a decade, exceeding GDP growth - Lesotho<\/title>\n<meta name=\"description\" content=\"Global debt surged by about 50% over the last decade, outpacing a 46% increase in global gross domestic product (GDP). ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-debt-soars-50-in-a-decade-exceeding-gdp-growth\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World debt soars 50% in a decade, exceeding GDP growth\" \/>\n<meta property=\"og:description\" content=\"Global debt surged by about 50% over the last decade, outpacing a 46% increase in global gross domestic product (GDP). ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-debt-soars-50-in-a-decade-exceeding-gdp-growth\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-06T22:11:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-17T03:25:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2025\/03\/sm_1741288440.890791.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-debt-soars-50-in-a-decade-exceeding-gdp-growth#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-debt-soars-50-in-a-decade-exceeding-gdp-growth\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"World debt soars 50% in a decade, exceeding GDP growth\",\"datePublished\":\"2025-03-06T22:11:45+00:00\",\"dateModified\":\"2025-03-17T03:25:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-debt-soars-50-in-a-decade-exceeding-gdp-growth\"},\"wordCount\":421,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-debt-soars-50-in-a-decade-exceeding-gdp-growth#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2025\/03\/sm_1741288440.890791.jpg\",\"keywords\":[\"debt\",\"GDP\",\"globe\",\"IIF\",\"Lesotho\",\"world\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-debt-soars-50-in-a-decade-exceeding-gdp-growth#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-debt-soars-50-in-a-decade-exceeding-gdp-growth\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/world-debt-soars-50-in-a-decade-exceeding-gdp-growth\",\"name\":\"World debt soars 50% in a decade, exceeding GDP growth - 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