Global nonfinancial corporation debt as a share of GDP quarterly 2008-2023

Published by
Einar H. Dyvik,
Jul 4, 2024
In the first quarter of 2023, the debt of nonfinancial corporations worldwide reached 97 percent of global GDP. A sharp increase in this figure in the first quarter of 2020 can be attributed to the outbreak of the coronavirus pandemic (COVID-19).

Debt of nonfinancial corporations worldwide as a share of GDP from 1st quarter 2008 to 1st quarter 2023

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Release date

September 2023

Region

Worldwide

Survey time period

Q1 2008 to Q1 2023

Supplementary notes

* Includes only countries who provide data to the source, with a list available here.
Values are aggregates based on conversion to US dollars at PPP exchange rates and calculated using core credit, which captures the outstanding amount of credit at the end of the end of each quarter. In terms of financial instruments, the values include the core debt, defined as loans, debt securities and currency & deposits.

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