Global debt in one infographic

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Global debt in one infographic

The Visual Capitalist: $69 Trillion of World Debt in One Infographic

Article published: Nov 14, 2019

IB Economics syllabus: macroeconomics (the government budget, public debt), development economics (international debt)

While this is not an article for your Internal Assessment, it’s a great visualization of all the $69 trillion of world debt that exists currently (as of late 2019). Dark purple countries have a relatively low debt to GDP ratios (debt as a percentage of GDP) but countries that are in light purple, orange or yellow are in trouble: their debt is larger than 100% of their GDP. This means that the total national income (all the incomes added up in the country: all the rent, the wages, the interest and profit) accumulated over a whole given year would not even be enough to pay back their total debt.

For more cool infographics, check out the visualcapitalist.com.

Source of image: Jeff Desjardins, The Visual Capitalist

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By | 2019-12-27T13:58:37+00:00 December 27th, 2019|Development Economics, Macro|Comments Off on Global debt in one infographic

About the Author:

My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 6 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.

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