Visualizing $97 Trillion Of Global Debt In 2023
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Visualizing $97 Trillion Of Global Debt In 2023
Global government debt is projected to hitย $97.1 trillionย this year, a 40% increase since 2019.
During the COVID-19 pandemic, governments introduced sweeping financial measures to support the job market and prevent a wave of bankruptcies. However, this has exposed vulnerabilities as higher interest rates are amplifying borrowing costs.
In the graphic below, Visual Capitalist’s Niccolo Conte and Dorothy Neufeld show global debt by country in 2023, based on projections from the International Monetary Fund (IMF).
Debt by Country in 2023
Below, we rank countries by their general government gross debt, or the financial liabilities owed by each country:
Country Gross Debt (B) % of World Total Debt to GDP ๐บ๐ธ U.S. $33,228.9 34.2% 123.3% ๐จ๐ณ China $14,691.7 15.1% 83.0% ๐ฏ๐ต Japan $10,797.2 11.1% 255.2% ๐ฌ๐ง UK $3,468.7 3.6% 104.1% ๐ซ๐ท France $3,353.9 3.5% 110.0% ๐ฎ๐น Italy $3,141.4 3.2% 143.7% ๐ฎ๐ณ India $3,056.7 3.1% 81.9% ๐ฉ๐ช Germany $2,919.3 3.0% 65.9% ๐จ๐ฆ Canada $2,253.3 2.3% 106.4% ๐ง๐ท Brazil $1,873.7 1.9% 88.1% ๐ช๐ธ Spain $1,697.5 1.7% 107.3% ๐ฒ๐ฝ Mexico $954.6 1.0% 52.7% ๐ฐ๐ท South Korea $928.1 1.0% 54.3% ๐ฆ๐บ Australia $875.9 0.9% 51.9% ๐ธ๐ฌ Singapore $835.0 0.9% 167.9% ๐ง๐ช Belgium $665.2 0.7% 106.0% ๐ฆ๐ท Argentina $556.5 0.6% 89.5% ๐ฎ๐ฉ Indonesia $552.8 0.6% 39.0% ๐ณ๐ฑ Netherlands $540.9 0.6% 49.5% ๐ต๐ฑ Poland $419.4 0.4% 49.8% ๐ฌ๐ท Greece $407.2 0.4% 168.0% ๐น๐ท Tรผrkiye $397.2 0.4% 34.4% ๐ท๐บ Russia $394.8 0.4% 21.2% ๐ฆ๐น Austria $393.6 0.4% 74.8% ๐ช๐ฌ Egypt $369.3 0.4% 92.7% ๐จ๐ญ Switzerland $357.7 0.4% 39.5% ๐น๐ญ Thailand $314.5 0.3% 61.4% ๐ฎ๐ฑ Israel $303.6 0.3% 58.2% ๐ต๐น Portugal $299.4 0.3% 108.3% ๐ฒ๐พ Malaysia $288.3 0.3% 66.9% ๐ฟ๐ฆ South Africa $280.7 0.3% 73.7% ๐ต๐ฐ Pakistan $260.9 0.3% 76.6% ๐ธ๐ฆ Saudi Arabia $257.7 0.3% 24.1% ๐ฎ๐ช
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