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Global Debt Collection & Non-performing Loans
A Massive Market for Juro
According to the Institute of International Finance (“IFF”) in November of 2019, Global debt is on course to end 2019 at a record high of more than $255 trillion. With a global population of 7.7 billion, that equates to about $32,500 of debt per person. There has been a $7.5 trillion surge in the first half of 2019 alone, where the United States and China account for 60% of that surge amount.
The IIF’s data, which are based on Bank for International Settlements and International Monetary Fund figures as well as its own, also said the amount of debt outside the financial sector now topped 240% of world gross domestic product at $190 trillion.
Global bond markets have increased from $87 trillion in 2009 to over $115 trillion. Government bonds now make up 47% of the market compared with 40% in 2009. Bank bonds have dropped to below 40% from over 50% in 2009.
The increasing global debt amounts also have an increased nominal amount of non-performing loans, many of which become uncollectible through traditional debt recovery mechanisms even after judgments have been awarded by courts of competent jurisdiction. This nominal amount of debt, non-performing debt, and money judgment titles around the world presents us with a tremendous market potential and earnings potential for all products and services of Juro. Based on the figures provided by the IIF, the Bank of International Settlements (“BIS”), and the International Monetary Fund (“IMF”), the table below illustrates the potential market size potential for Juro.
Non-performing loans in Africa:
Non-performing loans in Africa: The average for 2017 was 11.63 percent.The highest value was in Equatorial Guinea: 27.2 percent and the lowest value was in Namibia: 2.49 percent. Below is a chart for all countries where data are available.
Non-performing loans in Asia:
The average for 2017 was 4.4 percent.The highest value was in Afghanistan: 12.2 percent and the lowest value was in Hong Kong: 0.67 percent. Below is a chart for all countries where data are available.
Non-performing loans in Australia and Oceania:
The average for 2017 was 4.79 percent.The highest value was in Vanuatu: 15.05 percent and the lowest value was in Australia: 0.89 percent. Below is a chart for all countries where data are available.
Non-performing loans in Europe:
The average for 2017 was 9.52 percent.The highest value was in Ukraine: 54.54 percent and the lowest value was in Monaco: 0.23 percent. Below is a chart for all countries where data are available.
Non-performing loans in the European Union:
Non-performing loans in the European Union: The average for 2017 was 8.09 percent.The highest value was in Greece: 45.57 percent and the lowest value was in Estonia: 0.7 percent. Below is a chart for all countries where data are available.
Non-performing loans in North America:
Non-performing loans in North America: The average for 2017 was 4.45 percent.The highest value was in Dominica: 17.43 percent and the lowest value was in Canada: 0.48 percent. Below is a chart for all countries where data are available.
Non-performing loans in South America:
Non-performing loans in South America: The average for 2017 was 2.93 percent.The highest value was in Peru: 4.7 percent and the lowest value was in Bolivia: 1.7 percent. Below is a chart for all countries where data are available. Venezuela is not included in the below table.
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