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How much debt is there in the world?

The world’s governments owe $63 trillion....

14 April 2021

Martin Cozens

The world’s governments owe $63 trillion.

That’s around $8,289 for every person on the planet.

An interest of just 1% on that number is $630 billion – more than the GDP of Sweden, Poland or Belgium.

The USA’s national debt is the world’s largest at around $20 trillion, making up around a third of the world’s total debt. It has risen by $1 trillion every year since 2007.

The UK spends around £46 billion a year on interest repayments of its debt. That’s almost 5% of GDP and 8% of the yearly tax revenues.

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