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Which Economy is Fuelled the Most by Households' Debt?

Total Household Liabilities (As % of GDP) (%), 2021 or latest
Investments & Pensions | April 17, 2023
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Excel Sheet

Based on a comparison of 33 countries in 2021, Australia ranked the highest in household liabilities as of GDP with 140% followed by Switzerland and Canada. On the other end of the scale was Turkey with 17.4%, Mexico with 22.4% and Latvia with 22.8%.

Data for more countries are available at Total Household Liabilities (As % of GDP) indicator page.

Total Household Liabilities (As % of GDP) Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Australia % 116% 119% 124% 115% 120% ...
Belgium % 57.3% 56.0% 62.9% 58.2% 62.4% ...
Canada % 92.3% 102% 105% 94.6% 102% ...
Denmark % 118% 113% 122% 109% 110%
Finland % 62.1% 61.2% 68.5% 63.2% 65.7%
France % 55.0% 54.4% 62.0% 58.6% 62.5% ...
Luxembourg % 61.0% 59.9% 68.8% 64.6% 67.0%
Netherlands % 110% 106% 115% 101% 101%
New Zealand % 70.2% 73.6% 73.0% 72.4% 77.8% ...
Norway % 87.6% 99.5% 103% 94.1% 105%
South Korea % ... 77.0% 80.9% 91.0% 87.2% 92.6%
Sweden % 82.4% 81.0% 90.8% 85.5% 90.5%
Switzerland % 121% 123% 130% 128% 133%
USA % 76.6% 76.7% 76.4% 74.7% 74.1%
United Kingdom % 84.0% 78.5% 90.5% 81.5% 87.0%