Infographic: The Current State of World Debt

"Debt" is a scary word.

When we say it in regard to our personal finances, it means we owe money to a particular person or business. When we're talking about national or global debt, however, it means something else entirely.

How, exactly, are we supposed to make sense of $13.42 billion, a number so big it feels abstract? It's the national debt of Japan, and most of it is owed to ... the United States. And who knew that Estonia not only doesn't have crippling national debt, but is actually under budget?

IronFX points out these facts and more in their fascinating infographic below: World Debt 101.

world debt infographic