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

2000–2023

Countries by household debt, loans and debt securities as % of GDP (2000–2023)
Country 2023 2022 2021 2020 2015 2010 2005 2000
 Afghanistan 0.54 0.58 1.43
 Albania 12.31 12.15 12.52 12.60 11.28 11.88 5.04
 Argentina 4.04 4.07 4.53 5.57 6.35 4.83 3.14 6.60
 Australia 109.81 110.62 117.36 122.17 120.93 111.11 101.34 70.18
 Austria 44.35 48.23 51.53 52.48 50.14 54.36 51.72 45.28
 Bangladesh 6.69 6.87 6.82 6.83 6.91 7.60 6.96
 Belgium 58.55 60.34 62.57 65.78 58.40 52.99 43.30 40.79
 Brazil 34.90 33.99 32.52 32.20 27.96 22.11 13.49 13.89
 Bulgaria 22.47 23.84 24.29 23.24 28.64 15.93 2.38
 Cameroon 3.48 3.21 1.80
 Canada 102.21 101.55 106.43 112.18 100.71 94.86 72.26 61.34
 Central African Republic 2.20 2.79 3.18 4.44 2.89 2.21
 Chad 3.20 2.66 1.92 0.96 0.59
 Chile 46.34 46.28 44.92 48.27 41.26 32.58 26.33
 China 63.67 62.32 62.09 61.61 39.06 27.56
 Colombia 27.15 28.47 30.07 32.38 26.87 18.70 12.95 9.71
 Republic of the Congo 4.61 4.33 3.60 3.49 3.28 1.18 0.66
 Costa Rica 26.56 27.14 28.87 31.33 28.22 22.77 18.13
 Croatia 29.87 30.56 33.75 37.45 37.61 41.17 30.47 12.76
 Cyprus 71.73 79.90 88.61 126.43 118.04 90.63 77.74
 Czech Republic 32.61 34.38 33.93 30.17 28.77 16.45 7.72
 Denmark 88.36 84.46 101.42 111.72 119.58 133.70 110.31 84.75
El Salvador 27.76 27.97 28.98 32.42 28.90 27.25 24.27
 Estonia 36.79 38.36 40.56 39.72 52.93 31.99 8.66
 Finland 64.10 65.97 68.49 69.53 63.67 58.90 46.34 31.62
 France 62.63 65.83 66.41 68.19 56.01 53.71 41.84 34.35
 Germany 51.33 53.88 55.55 56.28 52.60 58.22 66.85 70.48
 Greece 41.79 45.29 55.73 59.80 62.85 62.00 40.20 14.65
 Honduras 36.93 32.93 31.51 33.33 28.92 24.35 17.14
 Hong Kong 93.22 96.36 93.14 91.61 67.09 59.23 54.93 57.90
 Hungary 16.83 18.69 21.06 20.83 21.15 39.40 23.47 6.47
 Iceland 76.83 82.88 84.47 79.80 101.77 96.12 86.51
 India 39.16 37.32 36.05 40.43 32.43 35.20 8.03 2.59
 Indonesia 16.46 16.24 17.25 17.80 16.80 13.61 11.48
 Ireland 27.43 25.09 28.96 34.50 53.82 112.27 81.05
 Israel 42.09 43.73 43.50 42.95 40.18 38.51 36.57 35.51
 Italy 37.83 40.59 42.46 44.89 41.83 43.46 32.92 22.68
 Japan 65.66 67.85 67.65 67.49 59.52 61.23 62.09 69.84
 Jordan 36.90 38.70 37.40 35.10
 Kazakhstan 15.16 13.66 12.86 10.80 10.72 10.26 9.02
 South Korea 93.54 97.26 98.67 97.08 79.16 70.15 61.13 47.55
 Latvia 17.88 19.49 20.44 24.41 47.73 27.39 5.39
 Lesotho 16.49 15.67 16.03 15.46 10.97 6.53 3.40
 Lithuania 21.77 23.41 24.16 22.30 29.65 13.77 1.63
 Luxembourg 69.22 67.71 67.46 69.74 59.76 55.61 46.00 38.76
 Malaysia 69.41 66.66 72.90 76.31 69.74 58.75
 Malta 54.95 58.36 60.96 50.74 57.42 44.47 23.43
 Mauritius 31.40 34.87 38.21 31.20 29.90
 Mexico 16.27 16.02 16.04 16.73 14.69 12.67 10.48 7.33
 Morocco 26.45 28.56 28.74 30.55 27.05 24.91 18.00
 Myanmar 0.97 1.57 0.52 0.39
 Nepal 33.79 33.89 37.16 32.78 26.58 22.49 9.42
 Netherlands 84.92 90.12 97.62 102.39 110.93 119.10 108.75 89.63
 New Zealand 91.61 94.30 97.80 97.27 89.61 90.25 82.58 61.87
 Nicaragua 14.71 14.10 14.27 15.64 20.32 14.74 14.18
 North Macedonia 28.89 29.37 30.14 30.16 22.43 18.08 8.15
 Norway 86.47 75.01 95.03 113.04 95.17 81.49 68.66 52.45
 Pakistan 2.23 2.78 2.89 3.21 2.80 3.95
Paraguay 6.93 6.82 6.67 6.47
 Peru 16.98 16.91 15.56 18.07 14.97 10.60 6.30
 Poland 23.64 26.43 32.23 34.62 36.06 34.43 15.00 7.14
 Portugal 55.20 60.90 66.34 69.10 77.05 90.87 79.82 58.82
 Romania 10.83 12.24 13.82 14.05 15.15 18.90 8.71
 Russia 22.19 20.07 21.00 21.90 15.96 10.26 5.72 0.58
 Samoa 21.95 25.09 24.86 20.30 17.39 17.24 16.09 12.75
 São Tomé and Príncipe 4.75 6.73 8.51 9.28 15.72 23.99
 Saudi Arabia 32.68 29.42 32.77 32.64 29.66 22.51 29.72 18.10
 Singapore 46.44 45.53 53.36 60.72 64.66 52.26 48.70 41.74
 Slovakia 44.02 47.09 47.03 46.53 34.30 24.35 12.26 4.25
 Slovenia 24.27 25.91 26.34 27.74 27.61 30.26 18.83 15.76
 Solomon Islands 8.59 8.46 8.56 6.51 6.49 4.86 2.81
 South Africa 33.92 34.23 34.06 36.56 37.69 39.61
 Spain 45.74 51.22 57.00 62.02 67.43 84.03 70.70 45.41
 Sri Lanka 9.99 21.64
Suriname 3.95 4.85 4.80 6.10 11.01 9.35 5.20
 Sweden 83.43 87.54 91.86 93.65 82.44 75.92 60.61 47.21
 Switzerland 126.45 126.26 130.30 134.96 122.34 107.67 109.17 100.81
 Tajikistan 8.17 6.57 6.07 5.83 9.40 4.21 1.53
 Thailand 86.88 87.01 90.04 89.58 81.16 59.27 45.08
 Turkey 10.91 10.79 14.43 17.41 17.73 15.96
 Ukraine 3.65 4.27 4.68 4.90 8.80 19.42 8.10 0.63
 United Arab Emirates 22.14 20.30 22.80 25.67 24.32 27.16
 United Kingdom 77.76 82.46 87.94 92.91 88.13 94.95 87.43 65.27
 United States 72.93 75.47 77.75 78.46 77.26 91.73 92.73 70.85
 Vanuatu 30.68 30.21 33.37 32.97 38.06 34.32 16.25

1960–2000

Countries by household debt, loans and debt securities as % of GDP (1960–2000)
Country 2000 1995 1990 1985 1980 1975 1970 1965 1960
 Argentina 6.60 3.86
 Australia 70.18 54.14 45.07 42.58 38.02
 Austria 45.28 41.30
 Belgium 40.79 37.81 35.97 29.05 32.89
 Brazil 13.89 12.63
 Bulgaria 2.38 0.39
 Canada 61.34 59.94 55.63 40.48 47.61 41.71 34.57
 Colombia 9.71
 Croatia 12.76 4.02
 Cyprus 77.74 62.87
 Czech Republic 7.72 10.08
 Denmark 84.75 73.38
 Estonia 8.66 1.80
 Finland 31.62 34.70 42.36 32.14 25.93 20.56 18.10
 France 34.35 33.53 32.17 26.79 22.56
 Germany 70.48 59.89 57.73 60.55 51.92 43.94 39.50
 Greece 14.65 6.26
 Hong Kong 57.90 41.21 34.49
 Hungary 6.47 6.62 18.57 20.55 15.37 10.83 7.30 8.03
 Iceland 86.51 68.99 45.03 33.17 16.67 16.12 22.02
 India 2.59
 Israel 35.51 32.85
 Italy 22.68 17.42 16.81 6.25 6.18 8.53 7.26 6.01 3.56
 Japan 69.84 70.13 68.34 52.09 45.62 35.82 25.92 21.40
 South Korea 47.55 44.32 38.81 26.58 16.31 12.64 10.65 1.94
 Latvia 5.39 1.35
 Lithuania 1.63 1.58
 Luxembourg 38.76 38.92
 Malta 23.43 17.20
 Mexico 7.33 11.14
 Netherlands 89.63 63.15 51.44
 New Zealand 61.87 45.63 27.85
 Norway 52.45 55.35 70.25 53.71 42.82 41.11
 Poland 7.14 2.25
 Portugal 58.82 28.39 15.23 12.16 10.04
 Russia 0.58
 Samoa 12.75 7.82
 Saudi Arabia 18.10
 Singapore 41.74 35.57
 Slovakia 4.25 3.63
 Slovenia 15.76 12.84
 Spain 45.41 31.19 30.77 23.34 24.31
 Sweden 47.21 43.60 55.56 47.62 47.79 44.77 39.13 39.99 39.67
 Switzerland 100.81
 Ukraine 0.63 0.24
 United Kingdom 65.27 58.12 57.61 42.46 30.21 30.56 30.48
 United States 70.85 64.84 61.15 53.69 49.70 44.65 43.89 46.92 40.72

Institute of International Finance

IIF Household debt (% of GDP)
Country Q3 2019 Q3 2018
South Korea 95.1 91.2
United Kingdom 83.8 83.6
Hong Kong 77.3 71.0
United States 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
United Arab Emirates 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 12.0
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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