Global Debt. Nothing makes the world more vulnerable to a downturn than its collective debt and since the financial crisis, world debt has surged to an all-time high. The Ratio of Debt to Gross Domestic Product (GDP) for Key Economies March ‘99 March ‘03 March ‘07 March ‘11 March ‘15 March ‘19 280% 300% 320% 340% 360% 380% 400% 100% 150% 200% 250% 300% U.S. China Germany Eurozone U.K. Japan (Right Axis) Total Credit to the Nonfinancial Sector as a Percentage of GDP SOURCE: Bank for International Settlements. FEDERAL RESERVE BANK OF ST. LOUIS
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GlobalDebt.Nothing makes the world more vulnerable to a downturn than its collective debt and since the financial crisis, world debt has surged to an all-time high.
The Ratio of Debt to Gross Domestic Product (GDP) for Key Economies
March ‘99 March ‘03 March ‘07 March ‘11 March ‘15 March ‘19
280%
300%
320%
340%
360%
380%
400%
100%
150%
200%
250%
300%
U.S.
China
Germany
Eurozone
U.K.
Japan (Right Axis)
To
tal
Cre
dit
to
th
e N
on
fin
an
cia
l S
ec
tor
as
a P
erc
en
tag
e o
f G
DP
SOURCE: Bank for International Settlements.FEDERAL RESERVE BANK OF ST. LOUIS
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