World debt hits record $247 trillion

Global debt rose to a record $247 trillion in the year to the end of March, piling pressure on emerging markets. World debt has surged almost $150 trillion over the past 15 years


2008: Following global financial crisis, households, businesses and governments in emerging markets (EM) more than double their foreign currency borrowing

2018: After decade-long borrowing binge, EM debt hits $58.5 trillion, 84.3% of total $69.4 trillion increase since 2008


Global debt (1st quarter, US$ trillions*)
Household	Non-financial corporate	Government	Financial

300

200			209.411	247.161
		177.762
100	99.807
	29.674	57.627	55.641	60.637
	23.373	36.854	56.468	66.511
	26.381	46.405	57.760	73.501
	20.379	36.876	39.542	46.512
0 	2003	2008	2013	2018


*$1 trillion = $1,000,000,000,000

Source: Institute of International Finance
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