Global debt reached a record $307 trillion in the first half of 2023, the Financial Times reports, citing data from the Institute of International Finance (IIF).
Total debt, including liabilities of states, companies, and households, increased by $10 trillion in the first six months of the year, updating the previous maximum set in early 2022.
In January-June, global debt as a percentage of GDP increased by 2 percentage points to 336%. The record is 360% and was set during the coronavirus pandemic.
