Global Debt Surpasses $100 Trillion as Refinancing Risks Mount

OECD warns of rising debt servicing costs and refinancing challenges for governments and corporations, with nearly half of debt maturing by 2027.

Debt servicing costs in OECD countries reached their highest level since 2007, consuming a larger share of national income than defence, housing, and police services combined.
Nearly half of OECD and emerging market government debt will mature by 2027, with low-income, high-risk countries facing the greatest refinancing challenges.
Debt-to-GDP ratios in OECD nations are projected to rise to 85% in 2025, reflecting continued fiscal pressures from borrowing costs and investment demands.
Emerging markets heavily reliant on foreign currency borrowing face rising costs, with dollar-denominated bond rates increasing from 4% in 2020 to over 6% in 2024.
The OECD emphasizes the need for governments and corporations to prioritize borrowing for productivity-enhancing investments to mitigate long-term risks.