According to update, 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) accountfor more than half of global debt, exceeding their share of global output.
Yesterday, the International Monetary Fund (IMF) updated its publicly availableGlobal Debt Database (GDD)– a comprehensive dataset covering public and private debt for virtually the entire world (190 countries) dating back to the 1950s.
Yesterday's update of the GDD offers for the first time a glimpse of global debt developments up to 2017. By including both the sovereign and private sides of borrowing for the entire world, the GDD offers an unprecedented picture of global debt in the post-World War II era.
- Countries: None
- UNITED STATES | IMF Chief wants G20 countries to eleminate existing tarrifs and avoid new ones
- Jump-Start Private Investment to reignite South Africa's Growth says IMF
- JAMAICA | Gains made under IMF programme will continue — Clarke
- BARBADOS | B'dos to draw down US$49 million Under the IMF Extended Fund Facility
- HAITI | IMF Assists Haiti with interest Free Developmnent loan