$69 trillion of world debt in one infographic

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Two decades ago, total government debt was estimated to sit at $20 trillion.

Since then, according to the latest figures by the IMF, the number has ballooned to $69.3 trillion with a debt to GDP ratio of 82% — the highest totals in human history.

Which countries owe the most money, and how do these figures compare?

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The world’s $86 trillion economy visualized in one chart

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The world’s GDP still grew a healthy 6.9% in 2018, up from $80.2 trillion in 2017 to $85.8 trillion. Nearly half of this growth came from the world’s two largest economies: the United States, at $20.5 trillion (up 5.4% from 2017), and China, at $13.6 trillion (up 10%). However, fear of a global recession are mounting — much of it related to growing economic tension between the two leading economies.

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China is ‘financially out of control’ according to Citi’s chief economist

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Citigroup’s chief economist, Willem Buiter,  sees a storm brewing in China. He estimated that there is a 55 percent chance of a made-in-China global recession in the not too distant future, which he defines as a period of sub-2 percent global growth.

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Robots are already stealing our paychecks

 Labor’s share of the world’s income is plunging, and the technology boom is to blame.

For the past thirty years, wages have evaporated as a share of the economy. Meanwhile, the proportion of national income consumed by profits, dividends, and capital gains has steadily grown. Capital 1, Labor 0.

 

 

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138 million people worldwide want to live in the U.S.

138 million people want to live in the U.S.

Gallup released new data on migration this week.  Around 630  million people – 13% of the world’s adults – say they would like to move to another country permanently.  An estimated 138 million people would like to relocate to the United States. The second-most popular destination was the United Kingdom with 42 million potential migrants.  The U.S. and U.K. were followed by Canada, France and Saudi Arabia.

 

 

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Top 10 most educated countries in the world

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The countries with the most highly educated citizens are also some of the wealthiest in the world.

College graduation rates in developed countries have increased nearly 200%, in the past 50 years according to Education at a Glance 2011, a recently published report by the Organisation for Economic Co-operation and Development (OECD). While education has improved across the board, it has not improved evenly, with some countries enjoying much greater rates of educational attainment than others, according to the report.

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