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The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar to anyone who has been to Times Square in New York, where the American public shortfall is revealed. Our clock (updated September 2012) shows the global figure for almost all government debts in dollar terms.

"By Christmas Eve, the Philippines will have spent $1bn (£0.6bn) paying foreign debts in the seven weeks since typhoon Haiyan devastated much of the country. It will have spent a total of $8.4bn on foreign debt in 2013, and faces a further $8.8bn in 2014. While a little more than $100m has been pledged by international donors for relief work, more than 800 times that amount of money leaves the country every year to pay debts"

If you can spare 5 mins have a look at this. Click on the country to find out how much we owe??? I thought Greece was in trouble. Look at the US as well

sir, if we owe the US 578.6bn and they owe us 834.5bn why cant they just cancel out our debt and the US pay the difference? seems silly,accounting for debt that both countries owe.

"Brazil has announced that it will cancel or restructure almost $900m (£600m) worth of debt with Africa. Oil- and gas-rich Congo-Brazzaville, Tanzania and Zambia are among the 12 African countries to benefit. The move is seen as an effort to boost economic ties between the world's seventh largest economy and the African continent."

"World has already exhausted a year's supply of natural resources in less than eight months, Global Footprint Network says"

"The downward slide has begun Britain is about to be flattened by a tidal wave of debt. It doesn't matter if you vote Conservative, Liberal, Labour, UKIP - or for no party at all. The facts are the facts. "