By Anjali Sharma
UNITED NATIONS, 5th Sept. According to new data from UN trade and development agency released on Wednesday reporterd that global public debt has doubled since 2010, reached a historic $97 trillion in 2023.
It noted the rising interest rates are further straining government budgets, especially in developing countries.
Over 3.3 billion people live in countries that spend more on debt interest payments than on education or healthcare, highlighting the critical need for accurate and timely debt data.
UNCTAD’s A World of Debt Dashboard, developed in collaboration with the UN Regional Economic Commissions, offers policymakers, researchers, journalists and the public, accessible data to help navigate the complexities of global, regional and national debt.
The dashboard covers 18 key indicators across 188 countries, allowed users to assess current debt situations, compare them with others worldwide, and observe changes over time.
UNCTAD said that intuitive filters and interactive graphs make it easy to customize searches and explore specific areas of interest.
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