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
* 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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Bank for International Settlements. (September 7, 2023). Debt of nonfinancial corporations worldwide as a share of GDP from 1st quarter 2008 to 1st quarter 2023 [Graph]. In Statista. Retrieved February 08, 2025, from https://www.statista.com/statistics/1075404/nonfinancial-corporation-debt-share-gdp-worldwide-quarter/?__sso_cookie_checker=failed
Bank for International Settlements. "Debt of nonfinancial corporations worldwide as a share of GDP from 1st quarter 2008 to 1st quarter 2023." Chart. September 7, 2023. Statista. Accessed February 08, 2025. https://www.statista.com/statistics/1075404/nonfinancial-corporation-debt-share-gdp-worldwide-quarter/?__sso_cookie_checker=failed
Bank for International Settlements. (2023). Debt of nonfinancial corporations worldwide as a share of GDP from 1st quarter 2008 to 1st quarter 2023. Statista. Statista Inc.. Accessed: February 08, 2025. https://www.statista.com/statistics/1075404/nonfinancial-corporation-debt-share-gdp-worldwide-quarter/?__sso_cookie_checker=failed
Bank for International Settlements. "Debt of Nonfinancial Corporations Worldwide as a Share of Gdp from 1st Quarter 2008 to 1st Quarter 2023." Statista, Statista Inc., 7 Sep 2023, https://www.statista.com/statistics/1075404/nonfinancial-corporation-debt-share-gdp-worldwide-quarter/?__sso_cookie_checker=failed
Bank for International Settlements, Debt of nonfinancial corporations worldwide as a share of GDP from 1st quarter 2008 to 1st quarter 2023 Statista, https://www.statista.com/statistics/1075404/nonfinancial-corporation-debt-share-gdp-worldwide-quarter/?__sso_cookie_checker=failed (last visited February 08, 2025)
Debt of nonfinancial corporations worldwide as a share of GDP from 1st quarter 2008 to 1st quarter 2023 [Graph], Bank for International Settlements, September 7, 2023. [Online]. Available: https://www.statista.com/statistics/1075404/nonfinancial-corporation-debt-share-gdp-worldwide-quarter/?__sso_cookie_checker=failed