Half of $235 Trillion Global Public Debt Attributed to U.S., China In Reports Disclosed By IMF

The IMF announced that the global public debt increased to $235 trillion which is 238% more than the global GDP reported in 2022. Further reports say that 50% of the debt is attributed to the combined debt of the countries of the U.S. and China.

On September 13, in a report entitled “Global Debt Is Returning to its Rising Trend”, the International Monetary Fund (IMF) disclosed that the global public debt increased to $235 trillion which is 238% more than the global gross domestic product (GDP) that was reported in 2022.

Furthermore, an article in the International Monetary Fund states that the IMF also revealed that $117.5 trillion, or 50% of the global public debt, could be attributed to the combined debt of the countries of the United States and China. Reports say China’s debt was at $47.5 trillion, while that of the United States was around $70 trillion.

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Global Public Debt Before COVID

According to an article in Ripples Nigeria, even before the COVID-19 pandemic, the ratio of the global public debt to the global GDP had increased for decades. Since the mid-1970s, the debt has reportedly tripled to the extent that it reached 92% of the global GDP by the end of the year 2022.

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