IMF estimates world's total debt at $59.7 trillion / Photo from UNIAN
The data come from the International Monetary Fund (IMF), covering only sovereign debt and excluding the debt of country's citizens and businesses, as well as unfunded liabilities, which are not yet technically incurred yet.
The United States constitutes 23.3% of the world economy but 29.1% of world debt, and it's debt-to-GDP ratio amounts to 103.4%, Visual Capitalist web portal reported referring to IMF figures.
Japan makes up only 6.18% of total economic production, but has amounted 19.99% of global debt. China, the world's second largest economy (and largest by other measures) is reported to account for 13.9% of production, having only 6.25% of world debt and a debt-to-GDP ratio of 39.4%.
The report noted that seven of the 15 countries with the most total debt are European. Together, excluding Russia, the European continent holds over 26% of total world debt.
Russia accounts for only 0.49% of the world debt, or $292.5 billion.
Combining the debt of the United States, Japan, and Europe together accounts for 75% of total global debt.
As UNIAN reported earlier, Ukraine's public debt totals some $70 billion (excluding the guaranteed debt), $40 billion of which makes up the foreign debt.
According to estimates of the National Bank of Ukraine, public and publicly guaranteed debt will reach 95% of the country's GDP in 2015.