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Global Debt Has Increased By $57 Trillion Since 2007 [Infographic]

     Since the onset of the financial crisis back in 2007, the level of debt across the world has continued to grow steadily. According to a McKinsey and Global Institute study, global debt has increased by $57 trillion (40.1 percent) over the past seven years.
By the second quarter of 2014, global debt stood at just under $200 trillion. In the fourth quarter of 2007, total debt as a share of GDP stood at 269 percent but that increased to 286 percent by the second quarter of 2014.
China in particular has experienced a meteoric rise in its debt levels. During the same seven-year period, real estate and shadow banking propelled Chinese debt nearly four-fold from $7 trillion to $28 trillion.


 

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