The world is increasingly burdened by massive debt, but surprisingly, countries often perceived as struggling economically like Sri Lanka or Pakistan are not among the top debtors. According to the World Economic Outlook 2025, global government debt is expected to reach $110.9 trillion.
New Delhi: The world is currently being overwhelmed by a rapidly growing burden of government debt. Surprisingly, countries typically associated with economic crises, such as Sri Lanka or Pakistan, are not among the most indebted nations this time. Instead, the heaviest debt burdens are being carried by countries generally considered to have strong and developed economies globally.
According to the World Economic Outlook report, the world's total government debt is projected to reach $110.9 trillion by 2025. The United States alone accounts for approximately 34.5 percent of this total, making it the world's largest debtor nation. China and Japan follow the US on this list.
Japan's situation is considered particularly worrying, as its government debt has exceeded twice its total GDP. This raises concerns about its financial stability.
India is also among the world's top seven most indebted countries, but the good news is that its share of global debt is only about 3 percent. Furthermore, India's debt-to-GDP ratio is significantly better than that of many developed countries. The United States, China, Japan, the United Kingdom, France, Italy, and India are currently the world's largest debtor nations.
New Delhi: The world is currently being overwhelmed by a rapidly growing burden of government debt. Surprisingly, countries typically associated with economic crises, such as Sri Lanka or Pakistan, are not among the most indebted nations this time. Instead, the heaviest debt burdens are being carried by countries generally considered to have strong and developed economies globally.
According to the World Economic Outlook report, the world's total government debt is projected to reach $110.9 trillion by 2025. The United States alone accounts for approximately 34.5 percent of this total, making it the world's largest debtor nation. China and Japan follow the US on this list.
Japan's situation is considered particularly worrying, as its government debt has exceeded twice its total GDP. This raises concerns about its financial stability.
India is also among the world's top seven most indebted countries, but the good news is that its share of global debt is only about 3 percent. Furthermore, India's debt-to-GDP ratio is significantly better than that of many developed countries. The United States, China, Japan, the United Kingdom, France, Italy, and India are currently the world's largest debtor nations.
