Countries with the Highest Household Debt-to-GDP Ratio 2024

About This Dataset

Countries ranked by household debt as a percentage of GDP in 2024 according to BIS and World Bank data. High household indebtedness can signal both economic development and financial vulnerability — Australia, Canada, and South Korea consistently rank among the most indebted households relative to their economies.

Analysis

Switzerland (129), Australia (112) and South Korea (108) take the top three in Household Debt (% of GDP) in 2024. Values run from 129 at the top to 84 at the bottom, a spread of 45. First and second are separated by 17, so the leader sits inside the field rather than apart from it. Below the top two the field is tightly packed: the remaining 6 run from 108 down to 84.

Source: Bank for International Settlements

Key Findings

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Switzerland leads in Household Debt (% of GDP) with 129 in 2024.

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Average Household Debt (% of GDP) in 2024: 104 · median: 103.

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Gap in 2024: Switzerland is 1.5× larger than United Kingdom.