Debt levels are likely to start rising again, IMF warns

China playing major role in debt growth, as low-income countries face worse risks, analysts say

International Monetary Fund Headquarters 2, Washington, DC
Photo: John Harrington

Global debt levels are returning to their pre-pandemic trend, threatening debt sustainability in some countries, the International Monetary Fund says.

New data published as part of the IMF’s global debt database shows total debt stood at 238% of GDP in 2022. The figure is nine percentage points higher than in 2019, though it has come down sharply from its 2020 peak of 258%.

In analysis published alongside the figures, IMF officials argue the last two years of falling debt levels are unlikely

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account