Global debt surge props up economies 
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Unprecedented state and corporate borrowing to survive the Covid
pandemic could push world debt up 14% to 265% of GDP by year-end, according to credit rating agency S&P Global Ratings
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Global debt to gross domestic product 
S&P projection

%  250 200 150 100 50 0 

2009 10 11 12 13 14 15 16 17 18 19 20

219 217 216 216 217 216 231 231 230 230 232 265%

2020: Worldwide debt projected to hit US$200 trillion in 2020

2009: World emerges from economic crisis with massive debts

2015: Slowdown in biggest emerging markets
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Government debt 97% Up 19%
        
Corporate 103% Up 15%

Household 65%Up 7%
    
Government debt  
Corporate debt
Household debt 
Total  (2020)
                                 
 Canada 96% 130% 113% 339%
  Norway 44% 160% 113% 317%
  UK 113% 101% 94% 308%
  France 114% 110% 67% 291%
  Ireland 68% 183% 40% 291%
  China 75% 154% 60% 289%
  Italy 159% 77% 45% 281%
  United States 111% 84% 77% 272%
  Spain 117% 89% 63% 269%
  Australia 44% 84% 123% 251%
  South Korea 36% 116% 99% 251%
  Germany 67% 61% 57% 185%
  India 91% 53% 12% 156%
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  Sources: Bloomberg, S&P Global Ratings, World Economic Forum © GRAPHIC NEWS