World debt outpaces economic growth

Seven years after the global financial crash, worldwide debt has soared by $57 trillion, outpacing growth in gross domestic product, according to a new study by the McKinsey Global Institute
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Global stock of debt by type ($ trillion, constant 2013 exchange rates)

% Total debt as share of GDP

China Debt up from $7 trillion in 2007 to $28 trillion in 2014

246% 87 19 26 22 20 Q4 2000

269% 142 33 38 33 37 Q4 2007*

286% 40 Household 74% of household debt is mortgages 56 Corporate 58 Government 45 Financial sector Q4 2014†
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Debt to GDP (%, 2014)

Japan 400

Ireland 390

Singapore 382

Portugal 358

Belgium 327

Netherlands 325

Greece 317

Spain 313

Sweden 304

Denmark 302

France 280

Average‡ 280

Italy 259

United Kingdom 252

Norway 244

Finland 238

United States 233

South Korea 231

Hungary 225 

Austria 225 

Malaysia 222

Canada 221 

China 217

Australia 213 

Germany 188 

Thailand 187 

Israel 178 

Slovakia 151 

Vietnam 146 

*Numbers do not sum due to rounding. †Data for advanced economies and China,

Q4 2013 data for other developing economies. ‡Average of 22 advanced economies
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Source: McKinsey Global Institute

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