The total amount of the global debt in 2022 it would be equivalent to 238% of GDP; That is, 9 percentage points more than in 2019, detailed the IMF, when updating its global debt database. That debt was 235 billion dollars in 2022.
“The burden of world debt decreased for the second consecutive year”, but “is still higher than its already high level before the pandemic,” the report adds.
“Many governments spent more to stimulate growth and respond to rising food prices and energy, although their budgetary support linked to the pandemic has ceased.”
The IMF economists They again asked politicians to take “urgent measures to help reduce the vulnerabilities related to debt.
“The political leaders will have to be unwavering in their commitment to debt sustainability in the coming years,” add the IMF specialists.
IMF: which are the most indebted countries in the world
USA keep being him most indebted country in the world (about 70 billion dollars), followed by China (47.5 billion). The debts of both powers are at a similar level as a percentage of their GDP.
However, according to the publication, “China played a central role in the increase of world debt in recent decades, with debt exceeding economic growth”.
On the other hand, “the debt of developing countries also increased significantly in the last two decades, but their initial debt levels were lower.”
Source: Ambito
