China, France, the United States, Germany, the United Kingdom and Japan are the countries that registered a greater increase in their debt levels in dollars. For their part, emerging markets increased by US $ 3.4 billion.
The world debt reached the record figure of US $ 337.7 billion At the end of the second quarter of 2025. It was driven by the relief of world financial conditions, by the growing instability and weakness of the dollar and a more expansive posture of the main central banks.
The content you want to access is exclusive to subscribers.
The report was prepared by the International Finance Institute (IFF) and explained that, compared to the first quarter of the year, The debt increased US $21.


World debt grew and reached a record figure
According to the report, the countries that registered the most increase in debt levels in terms of dollars are China, France, the United States, Germany, the United Kingdom and Japan. However, from the IFF they affirmed that part of this phenomenon is due to the Depreciation of the American ticket.
“The magnitude of this increase was comparable to that registered in the second semester of 2020, when the monetary responses related to the pandemic caused a unprecedented increase in world debt “, The IIF affirmed in its global debt monitor.
Another of the analysis edges is the Debt relationship with the Gross Domestic Product (GDP)an indicator that shows the ability to reimburse the debt a nation with what occurs in its territory. In this sense, Canada, China, Saudi Arabia and Poland registered the most important increases, while the connection decreased for Ireland, Japan and Norway.
In this sense, according to the IFF the world debt/production ratio it was slightly reduced and stood above 324%.
The debt of emerging markets
The total debt of emerging markets increased by US $ 3.4 billion during the second quarter of 2025 and reached a record figure of more than U $ 109 billion. In detail, these territories face a record of almost US $ 3.2 billion in bond amortizations and loans in the remainder of the year.
It should be noted that the debt/GDP ratio reached 242.4%, a new record after the downward review of the last May report.
Emerging markets.jpg

The report marked a notorious concern for the American liabilities. In this scenario, from the IFF they warned that the Short -term indebtedness currently represents around 20% of the Total public obligation and close the 80% of the issuance of the Treasury.
Source: Ambito