List of countries by household debt

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 2022[1]
Country 2022 2021 2018 2017 2016 2015 2010 2005 2000 1995 1990 1985 1980
 Afghanistan 0.63 0.62 0.60 0.58 1.43
 Albania 12.53 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 4.07 6.63 6.92 5.98 6.35 4.83 3.14 6.58 3.95
 Australia 111.75 119.32 120.14 121.71 122.32 120.14 109.90 100.70 71.15 54.23 45.20 42.63 38.06
 Austria 48.19 51.82 48.92 49.21 50.42 50.21 54.36 51.72 45.28 41.30
 Bangladesh 6.87 6.82 7.75 7.99 7.65 7.73 8.47 7.80
 Belgium 60.37 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 34.56 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 102.39 107.49 100.68 100.37 100.66 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 46.51 44.75 45.41 43.69 42.23 40.92 32.34 26.22
 China 61.46 62.14 54.15 49.70 44.20 38.24 27.29
 Colombia 28.59 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 27.48 29.11 32.11 31.89 30.53 29.10 23.01 18.21
 Croatia 31 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 32.63 34.38 31.63 31.32 30.36 29.00 16.56 7.74 10.14
 Denmark 86.22 104.36 115.15 117.14 119.17 119.09 135.29 111.79 85.60 74.11
 El Salvador 28.31 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 65.83 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 66.15 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 55.1 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 45.04 55.16 52.38 56.18 59.94 62.21 61.08 39.72 13.94 6.26
 Honduras 34.96 33.66 31.68 29.20 29.59 29.14 24.82 17.14
 Hong Kong 95.75 93.08 72.21 70.56 67.63 67.09 59.23 54.93 57.90 41.21 34.49
 Hungary 19.8 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 35.56 34.60 34.48 33.57 32.39 32.8 35.11 7.90 2.55
 Indonesia 16.24 17.25 17.01 17.04 16.98 16.80 13.55 11.48
 Ireland 26 30.49 42.43 47.75 52.26 56.46 112.23 81.20
 Israel 44.16 43.87 41.85 42.07 41.29 40.85 39.56 37.55 36.39 34.50
 Italy 41.72 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 68.16 68.84 61.38 60.28 59.82 59.52 61.23 62.09 70.99 71.37 69.50 53.13 46.61
 Jordan 38.7
 Kazakhstan 13.65 12.86 9.14 9.09 9.29 10.72 10.26 9.02
 South Korea 105.09 105.79 91.93 89.35 87.34 83.11 73.17 63.54 49.31 45.28 39.48 26.93 16.46
 Latvia 14.41 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 67.19 66.01 66.79 66.80 65.29 60.07 57.12 45.48
 Malaysia 66.88 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 31.78 36.45 32.38 32.23 33.05 33.34 32.25
 Mexico 16.57 16.24 16.05 16.12 15.96 15.24 13.24 10.96 7.86 11.76
 Morocco 27.43 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 34.76 37.81 37.30 36.63 38.81 30.25 25.66 10.74
 Netherlands 94.85 101.47 103.42 105.53 108.29 110.34 118.74 108.00 87.82 61.81 50.87
 New Zealand 94.45 98.81 94.04 91.90 92.43 89.86 90.28 82.63 61.86 45.65 27.86
 Nicaragua 14 14.41 20.52 23.73 22.75 20.33 14.74 14.18
 North Macedonia 28.41 30.34 25.35 24.48 23.11 22.43 18.08 8.15
 Norway 77 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 2.77 2.89 3.92 3.59 3.41 3.10 4.38
 Peru 16.7 15.54 16.14 15.28 14.96 15.08 10.20 6.87
 Poland 26.68 32.35 35.14 35.04 36.67 36.04 34.17 15.00 7.15 2.25
 Portugal 61.48 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 12.14 13.91 14.09 14.19 14.83 15.15 19.28 8.60
 Russia 21.12 21.76 17.01 16.22 15.36 15.86 10.38 5.95 0.60
 Samoa 25.11 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 12.8 15.97 11.48 12.83 14.59 13.75 9.80 12.82 7.85
 Sierra Leone 1.95 1.97 1.61 1.39 1.14 1.06 2.73 0.69
 Singapore 48.62 58.35 54.21 58.64 58.50 58.07 47.00 43.31 37.10 31.51
 Slovakia 47.98 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 34.16 34.22 33.46 33.19 34.18 36.45 40.17
 Spain 52.88 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 88.23 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 128.3 131.91 128.70 127.72 126.34 123.79 111.53 111.71 103.43
 Tajikistan 6.2 5.52 5.90 7.22 9.40 4.21 1.53
 Thailand 86.9 90.03 78.62 78.03 79.03 80.77 59.27 45.08
 Turkey 10.9 14.64 14.72 17.00 17.59 17.80 16.06 7.17 4.02 0.89 0.12
 Ukraine 4.52 4.67 5.66 5.84 6.86 8.80 19.42 7.81 0.63 0.24
 United Arab Emirates 20.11 22.55 22.18 24.33 27.19 25.16 28.13
 United Kingdom 83.17 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 74.44 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

See also

References

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