A report issued by the International Finance Institute revealed that global debt rose 1.4% to $ 243.2 trillion at the end of 2018 compared to $ 239.9 trillion in 2017.
This means that the increase of $ 3.3 trillion over the past year is much less than the increase of nearly 21 trillion in 2017.
Despite this slowdown in growth, global debt remains remarkably high according to historical standards, as it exceeds three times the global GDP.
The debt of the United States rose at the fastest annual pace since 2007 after adding $ 2.9 trillion to reach $ 68 trillion, or about 326% of the gross domestic product, and equivalent to 28% Of total world debt.
The debt of American companies outside the financial sector represents a huge percentage at 73% of the country's GDP.
Generally speaking, the advanced market debt increased 2.2%, but as a percentage of GDP, it witnessed a slight change to be around 390%.
While emerging market debt moved up at the slowest pace in 17 years, adding about $ 1 trillion, the debt to GDP ratio stood at 212%, while government debt rose to a record level near 50 % Of GDP.
The largest proportions at the regional level were in Asia and Latin America.
The report said: The high levels of interest payments on public debt threaten the constructive allocations of public resources, especially mentioning Brazil, Lebanon and Egypt.
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