OECD Reports Global Debt Exceeds $100 Trillion Amid Rising Interest Costs

Global debt has exceeded $100 trillion, placing interest payments as the largest financial burden for wealthy nations since 2007, according to an OECD report. Debt service costs in the 38 OECD countries increased to 3.3% of GDP in 2024, up from 2.4% in 2021, as noted in the OECD's Global Debt Report. Carmine Di Noia from the OECD emphasized the importance of transitioning from recovery to investing in infrastructure and climate projects to stabilize and lower the debt-to-GDP ratio in the future.