Credit card debt in the United States has been growing at a fast pace between 2021 and 2025. In the fourth quarter of 2024, the overall amount of credit card debt reached its highest value throughout the timeline considered here. COVID-19 had a big impact on the indebtedness of Americans, as credit card debt decreased from *** billion U.S. dollars in the last quarter of 2019 to *** billion U.S. dollars in the first quarter of 2021. What portion of Americans use credit cards? A substantial portion of Americans had at least one credit card in 2025. That year, the penetration rate of credit cards in the United States was ** percent. This number increased by nearly seven percentage points since 2014. The primary factors behind the high utilization of credit cards in the United States are a prevalent culture of convenience, a wide range of reward schemes, and consumer preferences for postponed payments. Which companies dominate the credit card issuing market? In 2024, the leading credit card issuers in the U.S. by volume were JPMorgan Chase & Co. and American Express. Both firms recorded transactions worth over one trillion U.S. dollars that year. Citi and Capital One were the next banks in that ranking, with the transactions made with their credit cards amounting to over half a trillion U.S. dollars that year. Those industry giants, along with other prominent brand names in the industry such as Bank of America, Synchrony Financial, Wells Fargo, and others, dominate the credit card market. Due to their extensive customer base, appealing rewards, and competitive offerings, they have gained a significant market share, making them the preferred choice for consumers.

Graph and download economic data for Large Bank Consumer Credit Card Balances: Total Balances (RCCCBBALTOT) from Q3 2012 to Q1 2025 about FR Y-14M, consumer credit, credit cards, large, balance, loans, consumer, banks, depository institutions, and USA.

Credit card payments in Mexico declined by nearly 70 million in 2020 but recovered significantly in 2021. This led to the per capita count to increase to 12.9 in 2021. The trend of declining credit card payments is similar to what was seen elsewhere in Europe. In the United Kingdom, for example, UK consumers started to pay off credit card debt during lockdown. Cash is Mexico's most used payment method in POS since COVID-19, although the market share of credit cards did increase since 2020.

Graph and download economic data for Large Bank Consumer Credit Card Balances: 30 or More Days Past Due Rates: Accounts Based (RCCCBACTDPD30P) from Q3 2012 to Q1 2025 about 30 days +, accounts, FR Y-14M, consumer credit, credit cards, large, balance, loans, consumer, banks, depository institutions, rate, and USA.

In the third quarter of 2024, household debt in the United States amounted to over 71.66 percent of its GDP. It can be generally observed that U.S. households are more indebted by the end of the year than in any other quarter. The debt of households peaked in the last quarter of 2020, reaching the highest value since 2013. Debt to GDP ratio As it can be observed here, the household debt to GDP ratio decreased overall in the recent years. The steady growth of the gross domestic product in the United States could be a factor explaining this tendency. If the volume of debt grows at a slower pace than the GDP, the debt to GDP ratio would decrease. In addition to that, the overall value of mortgage debt in the U.S., which is the most significant component of the household debt, decreased from 2012 to the third quarter of 2014, but it has rebounded since then. Public debt in the U.S. Public debt in the United States, which is the amount of money borrowed by the government to finance budget deficits, has been increasing almost every single year. Not only that, but according to that forecast it is also expected to keep increasing during the coming years. The major holders of American government debt, as of December 2023, were Federal Reserve and government accounts and foreign and international holders. The ratio of national debt to GDP of the United States was higher than that of other major economies, but lower than that of Japan. Some of the lowest debt to GDP ratios were observed in Hong Kong SAR, Kuwait, and Turkmenistan.

Colombia CO: External Debt: DOD: PPG: Official Creditors: Bilateral: Concessional data was reported at 472.143 USD mn in 2018. This records a decrease from the previous number of 479.885 USD mn for 2017. Colombia CO: External Debt: DOD: PPG: Official Creditors: Bilateral: Concessional data is updated yearly, averaging 284.137 USD mn from Dec 1970 (Median) to 2018, with 49 observations. The data reached an all-time high of 488.399 USD mn in 2013 and a record low of 94.149 USD mn in 2012. Colombia CO: External Debt: DOD: PPG: Official Creditors: Bilateral: Concessional data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: External Debt: Debt Outstanding, Debt Ratio and Debt Service. Public and publicly guaranteed bilateral debt includes loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies. Concessional debt is defined as loans with an original grant element of 25 percent or more. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 10 percent. Data are in current U.S. dollars.; ; World Bank, International Debt Statistics.; Sum;

Statistics Netherlands collects data on consumer credit granted to individuals and the resulting debt. The following monthly amounts are given for the various types of credit institutions and types of credit: - amount of credit granted; - amount of interest; - amount of repayments; - amount of outstanding balance; - amount of limits granted. Also stated is the number of: - outstanding contracts; - limits granted; - new loans supplied; - new limits granted.

Data available from January 1998 to December 2013.

Status of the figures: The figures in this table are provisional when published. As this table has been discontinued, they will not become definite. In July data of the previous year are made definite based on the results of a yearly survey. The data for January-May of the current year are also adjusted, but remains provisional. Other adjustments may be made when new or additional information from respondents becomes available.

Changes as of 24 February 2014: Data for December 2013 have been added and the table has been discontinued.

As a result of a number of ambiguities, on 23 February 2012 the figures on Credit card credit were removed as a matter of precaution. The figures will be replaced as soon as possible.

When will new figures be published? As a result of budget restrictions affecting Statistics Netherlands, from 2014 onwards a number of statistics will be either discontinued, published less frequently or published in less detail. Following consultation of our main users, one of the statistics to be discontinued is the series on Consumer Credit. This table is therefore the last in the series. For more information about reduction in the statistical work programme, see Statistics Netherlands Strategic multi-annual programme 2014-2018.

Argentinian consumers performed roughly 39 credit card payments per capita in 2022, a slight increase from 2022. This according to estimates based off credit card figures from the country's central bank. No information is provided why this number went down in the South American country during the first year of the coronavirus pandemic. Arguably, this could coincide with a trend in the UK of paying off credit card debt during lockdown.

The number of times a person in the United Kingdom used a credit card for payments declined by roughly 20 percent in 2020 but nearly recovered by 2021. Unlike the same figure for debit cards, the recorded credit payments in 2020 were lower than in the years leading up to COVID-19. This coincides with a trend in the UK of paying off credit card debt during lockdown.

Costa Rica CR: External Debt: Interest Rescheduled: Private data was reported at 0.000 USD mn in 2012. This stayed constant from the previous number of 0.000 USD mn for 2009. Costa Rica CR: External Debt: Interest Rescheduled: Private data is updated yearly, averaging 0.528 USD mn from Dec 1983 (Median) to 2012, with 14 observations. The data reached an all-time high of 140.886 USD mn in 1990 and a record low of 0.000 USD mn in 2012. Costa Rica CR: External Debt: Interest Rescheduled: Private data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Costa Rica – Table CR.World Bank.WDI: External Debt: Arrears and Reschedulings. Interest rescheduled is the amount of interest due or in arrears that was rescheduled in any given year. Debt from private creditors include bonds that are either publicly issued or privately placed; commercial bank loans from private banks and other private financial institutions; and other private credits from manufacturers, exporters, and other suppliers of goods, and bank credits covered by a guarantee of an export credit agency. Data are in current U.S. dollars.; ; World Bank, International Debt Statistics.; Sum;

This table contains 14 series, with data for years 1990 - 2012 (not all combinations necessarily have data for all years), and is no longer being released. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada);  Estimates (14 items: Debt to gross domestic product (GDP); Debt to personal disposable income; Credit market debt to personal disposable income; Consumer credit and mortgage liabilities to personal disposable income; ...).

The total number of credit card accounts in the United Kingdom (UK) decreased overall between 2019 and 2025. The total number of accounts peaked in February 2020, with ***** million - this total includes both active accounts and inactive accounts. As of February 2025, there were approximately **** million credit card accounts in the UK.

Mexico MX: External Debt: DOD: PPG: Official Creditors: Bilateral: Concessional data was reported at 2.846 USD bn in 2017. This records an increase from the previous number of 2.508 USD bn for 2016. Mexico MX: External Debt: DOD: PPG: Official Creditors: Bilateral: Concessional data is updated yearly, averaging 1.051 USD bn from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 3.259 USD bn in 2012 and a record low of 111.558 USD mn in 1973. Mexico MX: External Debt: DOD: PPG: Official Creditors: Bilateral: Concessional data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: External Debt: Debt Outstanding, Debt Ratio and Debt Service. Public and publicly guaranteed bilateral debt includes loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies. Concessional debt is defined as loans with an original grant element of 25 percent or more. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 10 percent. Data are in current U.S. dollars.; ; World Bank, International Debt Statistics.; Sum;

Key information about India Household Debt: % of GDP

• India household debt accounted for 17.1 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 14.9 % in the previous year.
• India household debt to GDP ratio is updated yearly, available from Mar 1998 to Mar 2024.
• The data reached an all-time high of 17.1 % in Mar 2024 and a record low of 2.2 % in Mar 1999.

CEIC calculates annual Household Debt as % of Nominal GDP from annual Household Debt and annual Nominal GDP. The Reserve Bank of India provides Household Debt in local currency. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Consumer Durables, Housing and Rest of Personal Loans. Household Debt as % of Nominal GDP is in annual frequency, ending in March of each year.


Related information about India Household Debt: % of GDP

• In the latest reports, India Household Debt reached 617.3 USD bn in Mar 2024.
• Money Supply M2 in India increased 7.9 % YoY in Nov 2024.
• India Foreign Exchange Reserves was measured at 547.5 USD bn in Dec 2024.
• The Foreign Exchange Reserves equaled 9.2 Months of Import in May 2023.
• India Domestic Credit reached 3,168.1 USD bn in Dec 2024, representing an increased of 11.1 % YoY.
• The country's Non Performing Loans Ratio stood at 2.8 % in Mar 2024, compared with the ratio of 3.9 % in the previous year.

Ecuador EC: External Debt: Short-Term Debt: % of Total External Debt data was reported at 2.763 % in 2016. This records an increase from the previous number of 1.010 % for 2015. Ecuador EC: External Debt: Short-Term Debt: % of Total External Debt data is updated yearly, averaging 11.271 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 34.438 % in 1977 and a record low of 0.294 % in 2012. Ecuador EC: External Debt: Short-Term Debt: % of Total External Debt data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ecuador – Table EC.World Bank: External Debt: Debt Outstanding, Debt Ratio and Debt Service. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.; ; World Bank, International Debt Statistics.; Weighted average;

El Salvador SV: External Debt: DOD: PPG: Official Creditors data was reported at 4.170 USD bn in 2017. This records a decrease from the previous number of 4.201 USD bn for 2016. El Salvador SV: External Debt: DOD: PPG: Official Creditors data is updated yearly, averaging 1.936 USD bn from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 4.446 USD bn in 2012 and a record low of 93.369 USD mn in 1970. El Salvador SV: External Debt: DOD: PPG: Official Creditors data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s El Salvador – Table SV.World Bank.WDI: External Debt: Debt Outstanding, Debt Ratio and Debt Service. Public and publicly guaranteed debt from official creditors includes loans from international organizations (multilateral loans) and loans from governments (bilateral loans). Loans from international organization include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Government loans include loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies. Data are in current U.S. dollars.; ; World Bank, International Debt Statistics.; Sum;

Austria AT: Gross External Debt: Central Bank: Long Term: Trade Credit and Advances data was reported at 0.000 USD mn in Dec 2012. This stayed constant from the previous number of 0.000 USD mn for Sep 2012. Austria AT: Gross External Debt: Central Bank: Long Term: Trade Credit and Advances data is updated quarterly, averaging 0.000 USD mn from Jun 2003 (Median) to Dec 2012, with 39 observations. The data reached an all-time high of 0.000 USD mn in Dec 2012 and a record low of 0.000 USD mn in Dec 2012. Austria AT: Gross External Debt: Central Bank: Long Term: Trade Credit and Advances data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Austria – Table AT.World Bank.QEDS: Gross External Debt: by Sector and Instrument.

Credit card payments in India declined by nearly *** million transactions in the first year of the coronavirus pandemic but recovered substantially since then. In 2022, the payment method made up roughly *** transactions when compared to the country's population that year. Credit cards did not rank as India's most used payment method in POS - although its market share did increase between 2020 and 2021. Indian consumers generally prefer the use of cash, although especially mobile wallets are predicted to gain millions of new users within the Asian country.

In 2023, South Korean households' debt-to-gross disposable income ratio was about 186.5 percent. This ratio has been on an overall upward trend over the past few years. Household debt mainly includes loans, primarily home mortgages, and other types of liabilities such as consumer credit (e.g., credit card debt, automobile loans). A ratio above 100 percent indicates that the debt owed is greater than the annual disposable income. According to the source, South Korea had one of the highest household debt-to-income ratios among OECD countries in 2023.

The number of credit card payments in Russia increased by roughly 14 million between 2019 and 2020. This lead to the per capita count to increase to over 24 in 2020. This figure is higher than some countries in Central and Eastern Europe (CEE) - consumers in Poland, for example, made 13.5 credit card transactions per capita in 2020 - but below that of the United Kingdom. The share of credit cards in Russian POS is lower than that of cash and debit cards, but were used significantly more since the coronavirus pandemic.