How big is global debt?
The whole globe does not have any debt – the Earth does not owe Jupiter! Total debt owed by governments, companies and individuals to individuals, companies or governments in other countries is $101 trillion as of 2019. This is equivalent to $13,000 per person, or 115% of global income. Through the early 2000s it grew to 113% of global income in 2007, before falling slightly after the global financial crisis of 2008. It has since grown to a similar level, prior to the Covid crisis.
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