A bank teller counts yuan

Global debt surpassed $230 trillion last year

$233 trillion

Global debt increased to a record high of $233 trillion in the third quarter of 2017, up $16 trillion from the same period in 2016, according to the Institute of International Finance.

Published   |  Photo by Reuters/Stringer
A bank teller counts yuan
$233 trillion

Companies are responsible for most of that debt, with $68 trillion, up from $42 trillion in 2007, followed by governments, financial institutions, and households.

A bank teller counts yuan
$233 trillion

A bank teller counts yuan
$233 trillion

China is a big part of the problem. The International Monetary Fund warned about its dangerous debt growth last year.

A bank teller counts yuan
$233 trillion

The Chinese government is trying to tackle the problem, but it’s a big challenge. Some estimates say the country’s debt load is three times the size of its entire economy.

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