LONDON — The world’s debt-to-GDP ratio has risen to more than 200%, according to the World Bank.
The International Monetary Fund and the World Economic Forum, which is based in Washington, D.C., said the trend is a continuation of a trend seen in previous years.
The IMF said that countries have “expressed an increasing willingness to make major fiscal adjustments.”
The group also said it expects the debt-servicing burden of countries to climb to nearly 140% of GDP by 2020, surpassing China’s 160% of its gross domestic product.
The World Economic Report, published on Wednesday, said that this ratio was “increasingly at odds with the financial resilience of the global economy and is likely to continue to increase in coming years.”
The World Bank is not only looking at the debt of countries but also the debt and deficits of the United States and its European and Asian neighbors.
The United States is at a debt-fueled 100% of gross domestic output.
And the United Kingdom has a debt of more than $1.2 trillion.
Meanwhile, Germany has the third highest debt-debt ratio among major developed nations, according to an IMF report.
The debt burden of France is at 130%, Germany at 113%, and Spain at 110%.
The United Nations has warned that countries with large debt burdens are unlikely to reduce the size of their economies in the future.
The U.N. debt-management body also said that, if current trends continue, by 2030 the debt will be a third of GDP.
The Global Financial Crisis in 2008, when nations defaulted on debts and other financial obligations, triggered the global financial crisis.