According to the Institute of International Finance (global financial industry association), global debt increased by more than $4.4 trillion while the debt-to-GDP ratio stayed near 305%.
Global debt rose by more than $4.4 trillion in the first quarter to a record nearly $353 trillion, according to the Institute of International Finance (global financial industry association) in its Global Debt Monitor report released on May 6. The report said the global debt-to-GDP ratio held roughly stable at about 305%, indicating that total borrowing continued to grow even as its share relative to overall economic output changed little.