Global debt hit a record high of $337.7 trillion at the end of the second quarter, driven by easing global financial conditions, a softer U.S. dollar and a more accommodative stance from major central banks, a quarterly report showed on Thursday.
The Institute of International Finance, a financial services trade group, said that global debt rose over $21 trillion in the first half of the year to $337.7 trillion.
China, France, the United States, Germany, Britain, and Japan recorded the largest increases in debt levels in U.S. dollar terms, though some of that was due to a waning dollar, the IIF found. The U.S. currency has weakened 9.75% since the start of the year against a basket of major trading partners.
As for Georgia, according to the latest data from the Ministry of Finance, as of August 2025, the public debt stands at US$ 9.091 billion, marking a record high in recent years. The debt has increased by 104.5% over the past decade.
Here is the data on Georgia’s public debt for the last 10 years: (the data includes figures from August of each year).
• 2016 - $4.445 billion
• 2017 - $4.946 billion
• 2018 - $5.168 billion
• 2019 - $5.387 billion
• 2020 - $6.758 billion
• 2021 - $8.047 billion
• 2022 - $7.691 billion
• 2023 - $8.568 billion
• 2024 - $8.989 billion
• 2025 - $9.091 billion
Total debt in emerging markets climbed by $3.4 trillion in the second quarter to a record high of more than $109 trillion, with nearly $3.2 trillion in bond and loan redemptions due over the remainder of 2025, the IIF reported.
Note:In US dollar terms, total debt increased slightly to $251 trillion, with public debt rising to $99.2 trillion and private debt decreasing to $151.8 trillion. Total debt was little changed last year, just above 235 percent of global gross domestic product, according to the latest update of the IMF’s Global Debt Database.
