World economy is driven by a massive debt bubble

The United States accounts for the largest share of global government debt

December 19, 2024

Global government debt amounts to a staggering $102.1 trillion, up by $42.4 trillion since 2015.

The below graphic presents countries' debt share of the total world government debt. Moreover, different colors show public debts as a percentage of each country's GDP. The more yellow the higher (worse) the debt-to-GDP ratio.

The US national debt is the largest among any country at $36.2 trillion or 34.6% of the total.

US public debt is more than double the second-highest which is in China at $16.4 trillion or 16.1% of the total global government debt.

Why too rapidly rising debt is worrying for the people and the economy? You can find out the answer in the following piece:

How dangerous the US debt crisis has become? Part 1/2

The US government is spending as if the economy is in a recession. What are the consequences for ordinary people, taxpayers, savers, and investors?

globalmarketsinvestor.beehiiv.com/p/how-dangerous-the-us-debt-crisis

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