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The total debt of the world is 102 trillion dollars i.e. Rs 8,67,53,95,80,00,00,001. At present the total population of the world is 8.2 billion. If this debt is distributed equally among the entire population, then an average person will have a debt of about Rs 11 lakh. Talking about India, it has a debt of 3.057 trillion dollars.
Do you know that a person born in any corner of the world becomes a debtor. You will also say what kind of joke is this? But this is true. There is so much debt in the world that if it is distributed among every person in the world, the debt will be around Rs 11 lakh. According to a report, the total debt of the world is 102 trillion dollars i.e. Rs 8,67,53,95,80,00,00,001. Whereas the world population is 8.2 billion. The world’s largest economy i.e. America has the highest debt.
Whereas China, Japan, European countries are also included in this list. The special thing is that India is at number 7 in this list. It has a debt of 3 trillion dollars. Which may be less than the total GDP, but this debt is also very high for an emerging market like India. Let us also tell you what kind of figures have been presented in this report regarding the debt of the world and countries.
total world debt
According to the IMF report, increasing debt in the world has become a big problem by the year 2024. The debt of the world’s largest economies, America and China, is continuously increasing. If we talk about global debt, it has become 102 trillion dollars i.e. Rs 8,67,53,95,80,00,00,001. Whereas global GDP has reached 110 trillion dollars. This means that even though the world’s debt is less than global GDP, the debt has reached almost 93 percent of total GDP. Which is a very dangerous level. Many countries have taken more debt than their total GDP. Apart from this, some major countries have also reached the verge of default.
Loan of Rs 11 lakh on one person
The world owes Rs 8,67,53,95,80,00,00,001, which is not less. The world population is 820 crores. If this debt is distributed equally among everyone, then every person will become a debtor of about Rs 11 lakh i.e. about 13 thousand dollars. This is average data. It is expected to increase or decrease as the world population changes every second. If this average is taken as the basis, then every person in the world has a debt of Rs 11 lakh, which is not a small thing. In many countries, a person’s lifetime income is not even this much. In such a situation, an average loan of Rs 11 lakh is considered very dangerous.
How much debt is outstanding on the major countries of the world?
1. The world’s largest economy has a huge debt of $36 trillion, which is 125 percent of its total GDP. The special thing is that America’s share in the total debt of the global economy is 34.6 percent.
2. On the other hand, China’s debt is not less. The world’s second largest economy had a debt of $14.69 trillion last year. This means that China’s share in global debt is 16.1 percent.
3. In third place is Japan, which has a debt of 10.79 trillion dollars. Its share in global debt is 10 percent.
4. Britain’s debt is not small. Britain will have a debt of $3.46 trillion in 2023, which is 3.6 percent of global debt.
5. In terms of debt, France is at fifth place and Italy is at sixth place. France currently has a debt of $3.35 trillion. Whereas Italy has a debt of 3.14 trillion dollars.
What is the situation in India?
If we talk about India, it is at 7th place in terms of debt. India, the world’s fifth largest economy, has a debt of $3.057 trillion. Whereas India’s total GDP is 3.7 trillion dollars. In such a situation, India’s debt is less than the total GDP, but the debt ratio is very dangerous for an emerging economy like India. Talking about share in global debt, it is 3.2 percent. There are some countries in the world which have very less debt. Iraq, Chile, Czech Republic, Vietnam, Hungary, United Arab Emirates. Bangladesh, Ukraine, Taiwan, Romania, Norway, Sweden, Colombia, Ireland and Finland. At the same time, the share of Pakistan’s total debt in global debt has been seen at 0.3 percent.
