BUSINESS
Global debt hits $184 trillion
The Global Debt is a comprehensive set of calculations of both public and private debt, country by country, constructing a time series stretching back to the end of World War II
Latest Data from the International Monetary Fund, IMF reveals that Global debt has reached an all time high of $184 million.
The Global Debt is a comprehensive set of calculations of both public and private debt, country by country, constructing a time series stretching back to the end of World War II.
The number is $2 trillion higher than the estimated number released in October this year.
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This includes end-2017 data and includes the debts of several countries who had not previously reported their updated data.
The Fund says on average, the world’s debt now exceeds $86,000 per person—more than 2½ times the average income per-capita.
The top three borrowers in the world (United States, China, and Japan) account for more than half of global debt, exceeding their share of global output.
The latest data on Global debt offers for the first time a glimpse of global debt developments up to 2017.
Source: Africafeeds.com
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