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.

✨ AI Insight

The data illustrates a stark contrast in household debt levels across countries, with Switzerland's 129% significantly outpacing the rest. Australia and South Korea, at 112% and 108% respectively, also showcase high levels of indebtedness, reflecting a trend where developed economies are increasingly reliant on credit. This reliance can be attributed to factors such as rising property prices and consumer spending habits, which often lead to higher borrowing. In contrast, the UK, with a debt-to-GDP ratio of 84%, indicates a comparatively healthier balance, suggesting that while high household debt can spur economic growth, it also poses risks of financial instability if not managed properly.

Source: Bank for International Settlements

Key Findings

Auto-computed highlights from this dataset

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Switzerland leads with 129 in 2024.

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Average value in 2024: 104 · median: 103.

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