{"id":51888,"date":"2025-02-25T20:22:58","date_gmt":"2025-02-25T20:22:58","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-debt-climbs-to-record-318t-in-2024"},"modified":"2025-03-16T23:10:46","modified_gmt":"2025-03-16T23:10:46","slug":"global-debt-climbs-to-record-318t-in-2024","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-debt-climbs-to-record-318t-in-2024","title":{"rendered":"Global debt climbs to record $318T in 2024"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>The amount of global debt rose to a record high of $318 trillion last year, according to a report released by the Institute of International Finance (IIF) on Tuesday.<\/p>\n

“Nearly $7 trillion was added to global debt in 2024, marking a new record annual high of $318 trillion,” said the report. “Total global debt-to-GDP rose for the first time in four years, as GDP growth slowed down, and inflation pressures eased.”<\/p>\n

While global debt soared approximately $15 trillion in 2023, it continued the upward trend in 2024, with a $7 trillion increase.<\/p>\n

The global debt-to-GDP ratio climbed over 1.5% compared to 2023, reaching nearly 328% of GDP, which marked the first annual increase in debt ratios since 2020, according to the report.<\/p>\n

Around 65% of the 2024 rise in global debt came from emerging markets, primarily China, India, Saudi Arabia, and Tu\u0308rkiye.<\/p>\n

Meanwhile, developed markets’ debt accumulation was mostly concentrated in the US, Britain, Canada, and Sweden.<\/p>\n

Total debt of developed countries climbed to $214.3 trillion last year, and the combined debt of developing countries was $103.7 trillion.<\/p>\n

Household debt amounted to $60.1 trillion last year, while public sector debts were $95.3 trillion.<\/p>\n

Debts of non-financial companies came in at $91.3 trillion and debts of financial institutions were $71.4 trillion, according to the IIF.<\/p>\n

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

Africa-Press – Mauritius. The amount of global debt rose to a record high of $318 trillion last year, according to a report released by the Institute of International Finance (IIF) on Tuesday. “Nearly $7 trillion was added to global debt in 2024, marking a new record annual high of $318 trillion,” said the report. “Total […]<\/p>\n","protected":false},"author":84,"featured_media":51887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5747,5744,599,5746,5160,5745,241],"class_list":["post-51888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-developed-countries","tag-developing-markets","tag-economy","tag-global-debt","tag-iif","tag-institute-of-international-finance","tag-mauritius"],"yoast_head":"\nGlobal debt climbs to record $318T in 2024 - Mauritius<\/title>\n<meta name=\"description\" content=\"The amount of global debt rose to a record high of $318 trillion last year, according to a report released by the Instit ...\" \/>\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\/mauritius\/all-news\/global-debt-climbs-to-record-318t-in-2024\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global debt climbs to record $318T in 2024\" \/>\n<meta property=\"og:description\" content=\"The amount of global debt rose to a record high of $318 trillion last year, according to a report released by the Instit ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-debt-climbs-to-record-318t-in-2024\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-25T20:22:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-16T23:10:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/02\/sm_1740504386.450186.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-debt-climbs-to-record-318t-in-2024#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-debt-climbs-to-record-318t-in-2024\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Global debt climbs to record $318T in 2024\",\"datePublished\":\"2025-02-25T20:22:58+00:00\",\"dateModified\":\"2025-03-16T23:10:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-debt-climbs-to-record-318t-in-2024\"},\"wordCount\":214,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-debt-climbs-to-record-318t-in-2024#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/02\/sm_1740504386.450186.jpg\",\"keywords\":[\"developed countries\",\"developing markets\",\"economy\",\"Global debt\",\"IIF\",\"Institute of International Finance\",\"Mauritius\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-debt-climbs-to-record-318t-in-2024#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-debt-climbs-to-record-318t-in-2024\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-debt-climbs-to-record-318t-in-2024\",\"name\":\"Global debt climbs to record $318T in 2024 - 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