According to a statement issued by the Institute of International Finance – IFF, global debt rose by a 3.9% in Q3:18 to $244.2 trillion compared to a year earlier from levels of USD235.1 trillion. This represents a 0.7% rise quarter on quarter in the year 2018 from USD242.5 trillion in Q2:18.
The nominal record high stands at USD247.7 trillion in Q1:18.
Among non-financial corporates, debt rose to USD72.9 trillion in the Q3:18 of 2018 from USD68.6 trillion a year earlier and a revised $71.8 trillion in the second quarter. Q2:18 had had been initially reported as a record high USD75 trillion.
As a percentage of global gross domestic product (GDP), debt of non-financial corporations rose to a record 92%, IFF said.