Global Debt Levels Article Index for
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Global Debt Levels




Global Debt, Equity and Equity-related issuance reached record-breaking levels in 2003 with over $5 trillion in proceeds raised, surpassing 2001’s record of $4.4 trillion. The $5 trillion of borrowings represented 14% of the GDP flow during the year (4.938/36.3) (see World Economy ).

Debt issuance reported by Thomson Financial ( {Link without Title} ) ($ billions and number of isses).

Global Debt
  • 2003: 4,938 (17,287) (Q4 2003 report)

  • 2002: 3,938 (?) (Q4 2003 report)



LEVELS


Euro area

  • Credit market debt: ?

  • ---Households: 80.9% of households’ Gross Disposable Income

  • ---Non-financial corporations: 78.9% of GDP

  • ---Government: 70.7% of GDP



Japan

  • Credit market debt: ?

  • ---Households: 110.5% of households’ gross disposable income

  • ---Non-financial corporations: 110.5% of GDP

  • ---Government: 141.3% of GDP



United States

Dollar amounts are debt owed by each sector (amounts borrowed by each sector)
  • Credit market debt: $35.8 trillion (303% of GDP) (35820.6/11809.9)

  • ---Households: 90% of GDP (67.5% of households’ gross disposable income)


  • --Household sector: 9.9 trillion

  • ---Financial sectors: 100% of GDP


  • --Financial sectors: $11.6 trillion

  • ---Non-financial corporations: 67.5% of GDP


  • --Nonfinancial corporate business: $5.1 trillion


  • --Nonfarm noncorporate business: $2.4 trillion


  • --Farm business: $200 billion

  • ---Government: 47.7% of GDP


  • --Federal government: $4.3 trillion


  • --State and local governments: $1.6 trillion



SEE ALSO



EXTERNAL LINKS


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