26.02.2025 08:15
615
Global debt levels hit record high
Developed country debt totaled $214.3 trillion last year. Sweden, Nigeria, China, Israel, and Saudi Arabia saw the fastest increases in non-financial sector debt ratios, while Argentina, Turkey, the Netherlands, Greece, and Ireland saw sharp declines.
The Institute of International Finance (IIF) has published the Global Debt Monitoring Report.
According to the report, global debt stock is expected to increase by about $7 trillion in 2024, reaching a record $318 trillion. The increase was lower than last year.
The slowdown in global debt growth is seen as a precautionary measure at a time when uncertainty has significantly increased, with market expectations of a Fed rate cut amid concerns about the impact of US trade and immigration policies on inflation.
In particular, a significant reduction in debt levels was observed in the fourth quarter of 2024.
Nearly 65 percent of global debt growth last year was in emerging markets. The total debt of these countries was $214.3 trillion, while emerging markets' debt reached $103.7 trillion.
Looking at the debt distribution, by the end of 2024, household debt will rise to $60.1 trillion, non-financial corporate debt to $91.3 trillion, government debt to $95.3 trillion, and debt of financial companies such as banks to $71.4 trillion.
Global debt-to-GDP ratio rises for first time since 2020
The global debt-to-GDP ratio increased by more than 1.5 percentage points to nearly 328 percent in 2024. This is the first annual increase since 2020, when the pandemic caused the global debt-to-GDP ratio to increase by more than 35 percentage points.
While steady debt growth was a significant factor in the increase in the debt ratio last year, slowing economic growth and inflation in 2024 contributed to the increase in the debt ratio.
Sweden, Nigeria, China, Israel and Saudi Arabia saw the fastest growth in non-financial sector debt ratios, while Argentina, Turkey, the Netherlands, Greece and Ireland saw their sharpest declines.
As of July 1, 2024, Uzbekistan's public debt exceeded $37 billion. This figure has increased by $2.1 billion since the beginning of the year, or 33.2 percent of GDP. The bulk of the debt — $30.9 billion — is external debt, while the remaining $6.1 billion is domestic debt.
The bulk of Uzbekistan's external debt is from international financial institutions such as the World Bank ($6.7 billion) and the Asian Development Bank ($6.5 billion). The loans are mainly directed towards supporting the state budget ($13 billion) and energy projects ($5.7 billion).
The Institute of International Finance (IIF) has published the Global Debt Monitoring Report.
According to the report, global debt stock is expected to increase by about $7 trillion in 2024, reaching a record $318 trillion. The increase was lower than last year.
The slowdown in global debt growth is seen as a precautionary measure at a time when uncertainty has significantly increased, with market expectations of a Fed rate cut amid concerns about the impact of US trade and immigration policies on inflation.
In particular, a significant reduction in debt levels was observed in the fourth quarter of 2024.
Nearly 65 percent of global debt growth last year was in emerging markets. The total debt of these countries was $214.3 trillion, while emerging markets' debt reached $103.7 trillion.
Looking at the debt distribution, by the end of 2024, household debt will rise to $60.1 trillion, non-financial corporate debt to $91.3 trillion, government debt to $95.3 trillion, and debt of financial companies such as banks to $71.4 trillion.
Global debt-to-GDP ratio rises for first time since 2020
The global debt-to-GDP ratio increased by more than 1.5 percentage points to nearly 328 percent in 2024. This is the first annual increase since 2020, when the pandemic caused the global debt-to-GDP ratio to increase by more than 35 percentage points.
While steady debt growth was a significant factor in the increase in the debt ratio last year, slowing economic growth and inflation in 2024 contributed to the increase in the debt ratio.
Sweden, Nigeria, China, Israel and Saudi Arabia saw the fastest growth in non-financial sector debt ratios, while Argentina, Turkey, the Netherlands, Greece and Ireland saw their sharpest declines.
As of July 1, 2024, Uzbekistan's public debt exceeded $37 billion. This figure has increased by $2.1 billion since the beginning of the year, or 33.2 percent of GDP. The bulk of the debt — $30.9 billion — is external debt, while the remaining $6.1 billion is domestic debt.
The bulk of Uzbekistan's external debt is from international financial institutions such as the World Bank ($6.7 billion) and the Asian Development Bank ($6.5 billion). The loans are mainly directed towards supporting the state budget ($13 billion) and energy projects ($5.7 billion).