Global debt reaches a record high of $353 trillion
London, May 7, 2017 – Global debt rose to a record level of about $353 trillion at the end of last March, according to the Institute of International Finance.
The institute stated in its quarterly “Global Debt Monitor” report issued on Wednesday that American borrowing is one of the main drivers of the rise in global debt by more than $4.4 trillion in the first quarter of this year, which is the fastest rise since mid-2025, and the fifth quarterly rise in a row.
He also pointed to a sharp acceleration in debt at the beginning of the year from borrowers from Chinese non-financial companies, most of which are state-owned enterprises, which greatly outpaced borrowing from the country’s government.
The report indicated that debt decreased slightly in mature markets, while emerging markets, with the exception of China, witnessed a slight rise in levels to reach a record number of $36.8 trillion, driven by government borrowing.
The institute noted that there are indications that investors are moving towards diversifying their investment portfolios, pointing to the increasing international demand for Japanese and European government bonds.
The report explained that debt ratios in the euro zone and Japan are expected to follow a more moderate path as financial expansion continues, while US institutional bond markets continue to flourish supported by issuances linked to artificial intelligence and strong external flows.
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