Global debts reach 365 trillion
The International Finance Institute reported that global debt totaled over $365 trillion in the first half of 2026, marking an increase of more than $10 trillion compared to the same period last year. The majority of this rise comes from emerging markets, especially China, where debt increased by $6.5 trillion to exceed $110 trillion. Meanwhile, debt accumulation in advanced economies slowed down due to rising interest rates and higher borrowing costs. Governments and non-financial corporations accounted for most of this increase, with the debt-to-GDP ratio decreasing to 310%, about 25 percentage points below the peak in 2021. However, this decline mainly reflects the inflation impact on GDP.
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