The global debt is 305 trillion USD in 2022, including debt by public and private debtors.
The total external debt owed by public and private debtors to creditors in other countries amounts to 76trillionin2019accordingtotheCIAWorldFactbookExplanationofthetable:PublicdebtPrivatedebtExternaldebt:Thisisthetotaldebtofpublicandprivatedebtorstoforeigncountrybanksandotherforeigncreditors.TheamountsareinbillionUS, calculated by the official exchange rate (a billion is defined here as a thousand millions, or 109).
GDP: Gross domestic product, billion US .Totaldebt,billion: This is the sum of all debt, domestic and external, owed by public and private debtors in the country. The amounts are in billion US ,calculatedbytheofficialexchangerate.Moneysupply,billion: This is the supply of broad money, or money in circulation, of the country in its own currency. The amounts are in billion US $, calculated by the official exchange rate.
Disclaimer:
Most values are from 2020 or 2021. Some values are a few years older. Values from different sources may not have been calculated in the same way. You cannot expect the table to be updated every year because some information is difficult to find and nobody has volunteered to keep the table up to date.
Data sources:
Public debt: IMF global debt database. Data for 2020.
Private debt: IMF global debt database. Data for 2020.
External debt:
Data for Australia, Austria, Bahrain, Belgium, Canada, Chile, Croatia, Cuba, Cyprus, Czech Rep.
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A sovereign default is the failure or refusal of the government of a sovereign state to pay back its debt in full when due. Cessation of due payments (or receivables) may either be accompanied by that government's formal declaration that it will not pay (or only partially pay) its debts (repudiation), or it may be unannounced. A credit rating agency will take into account in its gradings capital, interest, extraneous and procedural defaults, and failures to abide by the terms of bonds or other debt instruments.
Over and over again, history shows that countries default on external debt when their economies experience a downturn. This paper presents a theoretical model of international lending that is consistent with this evidence. Productivity is stochastic and in ...