Ukraine’s National Debt May Exceed 110% of GDP, Global Debt to Reach Historic High

According to estimates by the International Monetary Fund, global public debt will exceed 100% of the total world GDP by the end of 2029. This level will be the highest since 1948, indicating an increase in financial risks for many countries.

This is reported by AgroReview

Rising Debt Burden in Major Countries

The IMF notes that in many of the largest economies in the world, public debt has already surpassed or will soon surpass the 100% GDP mark. This list includes Canada, China, France, Italy, Japan, the United Kingdom, and the United States. In the worst-case scenario, by 2029, the global figure could rise to 124% of GDP.

“Global public debt will exceed 100% of global GDP by the end of 2029. In this case, this figure will reach a record high since 1948.”

The Situation of Ukraine’s National Debt

Ukraine’s national debt is also rising rapidly. According to IMF forecasts, by 2025, the debt-to-GDP ratio could reach 108.6%, and by 2026, it may exceed 110%. Before the onset of the full-scale war, the level of public debt was significantly lower, at only 48.9% of GDP. However, due to the war and economic challenges, this figure has increased significantly. It is expected that after peaking in 2026, the debt-to-GDP ratio will gradually begin to decline.