List of countries by household debt

Last updated August 24, 2024

The following lists sort countries by Stock of loans and debt issued by households as a percentage of GDP according to data by the International Monetary Fund and Institute of International Finance.

International Monetary Fund

Countries by household debt, loans and debt securities as % of GDP 1980 to 2021^[1]
Country	2021	2018	2017	2016	2015	2010	2005	2000	1995	1990	1985	1980
Afghanistan		0.63	0.62	0.60	0.58	1.43
Albania	12.29	11.21	11.30	11.27	11.28	11.88	5.04
Algeria	4.53			3.07	2.77	2.11	0.11
Argentina		6.63	6.92	5.98	6.35	4.83	3.14	6.58	3.95
Australia	119.32	120.14	121.71	122.32	120.14	109.90	100.70	71.15	54.23	45.20	42.63	38.06
Austria	51.82	48.92	49.21	50.42	50.21	54.36	51.72	45.28	41.30
Bangladesh	6.82	7.75	7.99	7.65	7.73	8.47	7.80
Belgium	62.4	61.29	60.26	59.53	59.24	52.71	43.09	40.50	36.73	34.96	28.23	31.96
Brazil	33.77	28.24	27.27	28.38	28.44	22.69	13.84	14.23	12.68
Bulgaria	24.95	23.38	22.92	20.93	21.68	25.96	14.95	2.25	0.59
Cameroon		4.28	3.70	3.56	3.71	3.38	1.95
Canada	107.49	100.68	100.37	100.66	97.49	92.44	70.56	59.45	57.06	53.80	39.65	46.62
Central African Republic		3.38	4.58	5.09	4.76	3.11	2.34
Chad		2.78	2.87	3.01	2.54	1.28	0.81
Chile	44.75	45.41	43.69	42.23	40.92	32.34	26.22
China	62.14	54.15	49.70	44.20	38.24	27.29
Colombia	30.46	26.91	25.88	26.45	25.26	18.67	12.86	9.66
Republic of the Congo		3.43	4.22	4.60	4.58	1.27	0.72
Costa Rica	29.11	32.11	31.89	30.53	29.10	23.01	18.21
Croatia	34.74	34.16	34.13	35.31	38.50	41.88	30.75
Cyprus	85.08	98.94	109.48	121.24	127.74	118.27	89.46	77.74	62.87
Czech Republic	34.38		31.63	31.32	30.36	29.00	16.56	7.74	10.14
Denmark	104.36	115.15	117.14	119.17	119.09	135.29	111.79	85.60	74.11
El Salvador	29.29	29.05	29.50	26.25	25.75	23.09	20.87
Estonia	37.85	38.37	40.47	41.42	40.30	53.40	32.03	8.66	1.86
Finland	67.86	66.85	67.20	67.12	66.69	61.12	46.42	31.65	34.66	42.34	32.14	25.93
France	66.61	60.00	58.62	57.22	56.25	53.70	41.60	34.08	33.22	32.50	27.19	22.34
Germany	56.68	53.59	53.26	53.30	53.30	59.03	67.57	70.92	59.92	58.16	61.00	52.31
Greece	55.16	52.38	56.18	59.94	62.21	61.08	39.72	13.94	6.26
Honduras	33.66	31.68	29.20	29.59	29.14	24.82	17.14
Hong Kong	93.08	72.21	70.56	67.63	67.09	59.23	54.93	57.90	41.21	34.49
Hungary	20.69	17.90	18.81	20.25	21.29	39.46	23.30	5.90	6.02	18.12
Iceland	83.95	75.63	75.57	75.68	82.88	107.16	103.39	87.46	69.14	45.19	33.30	16.76
India	34.60	34.48	33.57	32.39	32.8	35.11	7.90	2.55
Indonesia	17.25	17.01	17.04	16.98	16.80	13.55	11.48
Ireland	30.49	42.43	47.75	52.26	56.46	112.23	81.20
Israel	43.87	41.85	42.07	41.29	40.85	39.56	37.55	36.39	34.50
Italy	43.58	41.00	41.31	41.51	41.87	43.63	32.96	22.69	17.48	16.69	6.21	6.13
Japan	68.84	61.38	60.28	59.82	59.52	61.23	62.09	70.99	71.37	69.50	53.13	46.61
Kazakhstan	12.86	9.14	9.09	9.29	10.72	10.26	9.02
South Korea	105.79	91.93	89.35	87.34	83.11	73.17	63.54	49.31	45.28	39.48	26.93	16.46
Latvia	19.82	20.78	22.34	23.71	24.50	49.80	28.40	5.40	1.36
Lesotho	15.78	12.30	11.37	10.54	10.27	6.10	3.69
Lithuania	23.89	22.85	22.62	22.77	22.16	29.65	13.77	1.51	1.35
Luxembourg	66.01	66.79	66.80	65.29	60.07	57.12	45.48
Malaysia	73.05	68.02	66.22	69.14	69.74	58.75
Malta	53.36	49.38	50.41	51.86	53.03	59.05	44.51	23.52	17.27
Mauritius	36.45	32.38	32.23	33.05	33.34	32.25
Mexico	16.24	16.05	16.12	15.96	15.24	13.24	10.96	7.86	11.76
Morocco	28.57	29.73	29.63	30.47	30.64	28.30	19.48
Myanmar		1.90	1.92	2.00	1.49	0.45	0.32
Nepal	37.81	37.30	36.63	38.81	30.25	25.66	10.74
Netherlands	101.47	103.42	105.53	108.29	110.34	118.74	108.00	87.82	61.81	50.87
New Zealand	98.81	94.04	91.90	92.43	89.86	90.28	82.63	61.86	45.65	27.86
Nicaragua	14.41	20.52	23.73	22.75	20.33	14.74	14.18
North Macedonia	30.34	25.35	24.48	23.11	22.43	18.08	8.15
Norway	99.15	100.35	101.74	101.18	95.21	81.85	68.94	52.49	55.35	70.25	53.71	42.82
Pakistan	2.89	3.92	3.59	3.41	3.10	4.38
Peru	15.54	16.14	15.28	14.96	15.08	10.20	6.87
Poland	32.35	35.14	35.04	36.67	36.04	34.17	15.00	7.15	2.25
Portugal	68.12	66.15	69.42	72.41	76.70	90.67	79.88	58.80	28.33	15.14	12.08	9.98
Romania	13.91	14.09	14.19	14.83	15.15	19.28	8.60
Russia	21.76	17.01	16.22	15.36	15.86	10.38	5.95	0.60
Samoa	24.86	20.64	19.90	18.88	17.83	18.36	16.50	13.07	8.02
São Tomé and Príncipe		10.94	11.46	12.63	12.55	24.68
Saudi Arabia	15.97	11.48	12.83	14.59	13.75	9.80	12.82	7.85
Sierra Leone	1.97	1.61	1.39	1.14	1.06	2.73	0.69
Singapore	58.35	54.21	58.64	58.50	58.07	47.00	43.31	37.10	31.51
Slovakia	48.53	42.06	40.54	38.01	34.82	24.78	12.28	4.25	3.65
Slovenia	26.37	27.01	26.97	27.31	27.62	30.36	18.76
Solomon Islands	7.98	7.69	7.51	8.28	7.35	6.04	3.12
South Africa	34.22	33.46	33.19	34.18	36.45	40.17
Spain	58.44	58.86	61.24	64.12	67.63	83.49	70.23	45.08	30.71	30.39	23.05	24.01
Sri Lanka		13.00	12.20	11.89	10.55	22.37
Sweden	92.46	87.87	88.15	85.06	83.56	77.08	61.10	47.76	44.14	56.42	48.34	48.55
Switzerland	131.91	128.70	127.72	126.34	123.79	111.53	111.71	103.43
Tajikistan	6.2	5.52	5.90	7.22	9.40	4.21	1.53
Thailand	90.03	78.62	78.03	79.03	80.77	59.27	45.08
Turkey	14.64	14.72	17.00	17.59	17.80	16.06	7.17	4.02	0.89	0.12
Ukraine	4.67	5.66	5.84	6.86	8.80	19.42	7.81	0.63	0.24
United Arab Emirates	22.55	22.18	24.33	27.19	25.16	28.13
United Kingdom	86.11	87.19	86.12	86.25	85.55	93.67	85.82	62.91	57.91	57.51	41.90	29.87
United States	78.03	75.86	77.58	78.77	78.46	90.71	91.46	69.92	64.19	60.24	53.43	49.39
Vanuatu	33.16	34.55	35.56	35.24	36.61	32.84	16.25

Institute of International Finance

IIF Household debt (% of GDP)^[2]
Country	Q3 2019	Q3 2018
South Korea	95.1	91.2
UK	83.8	83.6
Hong Kong	77.3	71.0
U.S.	74.2	74.8
Thailand	68.4	68.3
Malaysia	67.8	68.0
China	55.4	51.9
Japan	55.3	55.6
Lebanon	54.5	52.3
Singapore	52.6	54.5
Chile	47.2	44.5
Israel	41.6	41.8
Poland	35.0	35.2
South Africa	34.2	33.2
Czech Republic	31.9	32.0
Brazil	28.7	27.1
Colombia	27.0	27.3
UAE	22.3	22.7
Russia	18.3	16.8
Hungary	18.1	18.1
Indonesia	16.9	17.0
Mexico	16.7	16.1
Philippines	16.3	16.2
Nigeria	15.6	15.5
Turkey	14.1	16.0
Saudi Arabia	11.6	12
Ghana	11.5	11.2
Egypt	7.3	7.0
Kenya	7.2	7.9
Argentina	6.2	7.1
Ukraine	5.9	5.7
Pakistan	2.7	2.8
Ghana	2.5	2.8

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<span class="mw-page-title-main">Debt</span> Obligation to pay borrowed money

Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor. Debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. Loans, bonds, notes, and mortgages are all types of debt. In financial accounting, debt is a type of financial transaction, as distinct from equity.

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<span class="mw-page-title-main">Government debt</span> Total amount of debt owed to lenders by a government/state

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Household debt is the combined debt of all people in a household, including consumer debt and mortgage loans. A significant rise in the level of this debt coincides historically with many severe economic crises and was a cause of the U.S. and subsequent European economic crises of 2007–2012. Several economists have argued that lowering this debt is essential to economic recovery in the U.S. and selected Eurozone countries.

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References

↑ "Household debt, loans and debt securities". IMF.
↑ "Global Debt Monitor Sustainability Matters" (PDF). Institute of International Finance. January 13, 2020.

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[1] "Household debt, loans and debt securities". IMF.

[2] "Global Debt Monitor Sustainability Matters" (PDF). Institute of International Finance. January 13, 2020.

[1]

[2]

List of countries by household debt

Contents

International Monetary Fund

Institute of International Finance

See also

Related Research Articles

References