11:42 - 28.02.2025

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February 28, Fineko/abc.az. The global debt, including liabilities of states, households, financial and non-financial companies, increased by $7.2 trillion in 2024 and reached a record of $318.4 trillion, according to the Institute of International Finance (IIF).

ABC.AZ informs that growth was significantly lower than in 2023, when debt increased by $16 trillion due to the monetary policy of the U.S. Federal Reserve System.

Because of slowdown in the global economy, the debt-to-GDP ratio grew by 1.5 p.p. last year to 328%. The increase in the indicator was recorded for the first time in four years, that is, since COVID-19 pandemic.

About 65% of the global debt growth in 2024 came from emerging markets, primarily China, India, Saudi Arabia and Turkey. In mature markets, debt accumulation mainly occurred in the U.S., the UK, Canada and Sweden.