See the below image for the Debt to gdp globally diagram. As countries were hit by the pandemic, global debt rose to $226 trillion, or 256 percent of GDP in 2020. Borrowing by governments accounted for slightly more than half of this increase, as global public debt jumped by 20 percent.
Debt to GDP Ratio by Country 2021 Name National Debt to GDP Ratio Population Japan 237.54% 126,050,804 Venezuela 214.45% 28,704,954 Sudan 177.87% Greece 174.15% 10,370,744 71 more rows …
The higher the debt-to-GDP ratio, the less likely the country will pay back its debt and the higher its risk of default. A study by the World Bank found that if the debt-to-GDP ratio of a country exceeds 77% for an extended period of time, it slows economic growth.
Debt to gdp globally image
