In 2024, the value of the lending to households in Switzerland as a share of its gross domestic product (GDP) was higher than in any of the countries selected here. Australian, Canadian, and South Korean households had an amount of credit which was higher than the overall size of their economy. That year, household lending in Argentina amounted to *** percent of its GDP, which was the lowest figure in the ranking. What is the household debt? Household debt, also known as family debt, includes loans taken to pay for the home or other property, education, vehicles, and other expenses. The largest component of this is mortgage debt, which is seen by many as a way to build long-term equity. As such, households are willing to take on a large amount of this debt with the goal of owning an asset that holds value and can be used as a residence in the meantime. The cost of debt The cost of a loan depends on a number of factors such as the interest rate, borrower’s credit risk or time period of a loan. The value of mortgage and the rate of return on assets such as real estate also depend largely on geographic location. The highest borrowers in this statistic are likely living in countries where credit is affordable and expected returns are relatively high, incentivizing heavy borrowing.

Key information about European Union Household Debt: % of GDP

• European Union household debt accounted for 50.9 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 50.8 % in the previous quarter.
• EU household debt to GDP ratio is updated quarterly, available from Mar 1999 to Jun 2025.
• The data reached an all-time high of 64.4 % in Dec 2009 and a record low of 47.8 % in Mar 1999.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. Eurostat provides Household Debt: Loans in EUR. Eurostat provides Nominal GDP in EUR. Household Debt includes NPISH.


Related information about European Union Household Debt: % of GDP

• In the latest reports, EU Household Debt reached 7,877.1 USD bn in Oct 2025.
• Money Supply M2 in EU increased 3.1 % YoY in Oct 2025.
• EU Foreign Exchange Reserves was measured at 322.0 USD bn in Oct 2025.
• The Foreign Exchange Reserves equaled 1.2 Months of Import in Sep 2025.
• EU Domestic Credit reached 24,974.9 USD bn in Feb 2025, representing an increased of 1.6 % YoY.

This dataset provides values for HOUSEHOLDS DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This dataset provides values for HOUSEHOLDS DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Key information about Taiwan Household Debt: % of GDP

• Taiwan household debt accounted for 95.5 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 88.5 % in the previous year.
• Taiwan household debt to GDP ratio is updated yearly, available from Dec 2000 to Dec 2023.
• The data reached an all-time high of 96.0 % in Dec 2020 and a record low of 79.9 % in Dec 2008.

CEIC calculates annual Household Debt as % of Nominal GDP from annual Household Debt and annual Nominal GDP. The Central Bank of the Republic of China provides Household Debt in local currency. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Nominal GDP in USD. Federal Reserve Board average market exchange rate is used for currency conversions. Household Debt includes NPISH.


Related information about Taiwan Household Debt: % of GDP

• In the latest reports, Taiwan Household Debt reached 723.6 USD bn in Dec 2023.
• Money Supply M2 in Taiwan increased 4.9 % YoY in Oct 2025.
• Taiwan Foreign Exchange Reserves was measured at 600.2 USD bn in Oct 2025.
• The Foreign Exchange Reserves equaled 15.3 Months of Import in Oct 2025.
• Taiwan Domestic Credit reached 1,719.4 USD bn in Oct 2025, representing an increased of 6.0 % YoY.
• The country's Non Performing Loans Ratio stood at 0.1 % in Sep 2025, compared with the ratio of 0.1 % in the previous month.

This dataset provides values for HOUSEHOLDS DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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.

Key information about Norway Household Debt: % of GDP

• Norway household debt accounted for 91.3 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 90.4 % in the previous quarter.
• Norway household debt to GDP ratio is updated quarterly, available from Dec 1995 to Dec 2024.
• The data reached an all-time high of 116.3 % in Dec 2020 and a record low of 55.5 % in Mar 2001.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. Statistics Norway provides Household Debt in local currency and Nominal GDP in local currency.


Related information about Norway Household Debt: % of GDP

• In the latest reports, Norway Household Debt reached 443.2 USD bn in Sep 2024.
• Money Supply M2 in Norway increased 5.1 % YoY in Jan 2025.
• Norway Foreign Exchange Reserves was measured at 79.0 USD bn in Feb 2025.
• The Foreign Exchange Reserves equaled 10.5 Months of Import in Jan 2025.
• Norway Domestic Credit reached 667.0 USD bn in Jan 2025, representing an increased of 3.7 % YoY.
• The country's Non Performing Loans Ratio stood at 0.4 % in Dec 2022, compared with the ratio of 0.3 % in the previous year.

In the third quarter of 2024, Greece's national debt was the highest in all the European Union, amounting to 158 percent of Greece's gross domestic product. In spite of Greece's total being high by EU standards, it marks a substantial decrease from the historical high point reached by the country's national debt of 207 percent of GDP in 2020. Italy, France, Spain, Belgium, and Portugal also all have government debt worth over one year's production of their economies, while the small Baltic country of Estonia has the smallest national debt when compared with GDP, at only 24 percent. In debitum incrementum?A country’s national debt, also known as government debt or public debt, is defined as all borrowings owed by the government of a country. It usually comprises internal debt – owed to other governmental departments – and external debt, which is held by the public and is owed to government bond owners. National debt can be caused by a struggling economy in general, or by low tax income, which usually leads to money being borrowed from other governments for support, which in turn cannot be paid back right away. At first glance, a high national debt is not always a sign of a struggling economy – but since increasing debt can slow down economic growth significantly, it is imperative for the respective government to seek a steady reduction in the long run.

In 2022, Switzerland was one of the European countries with the most indebted households. The value of credit to Swiss households amounted to *** percent of the country's GDP. The rest of the European countries included here had a share of less than ** percent. Meanwhile, lending to households in Turkey and Hungary made up less than ** percent of their GDP.

Graph and download economic data for Household Debt to GDP for Republic of Korea (HDTGPDKRQ163N) from Q4 2005 to Q2 2024 about Korea, debt, households, and GDP.

Graph and download economic data for Household Debt Service Payments as a Percent of Disposable Personal Income (TDSP) from Q1 1980 to Q2 2025 about disposable, payments, personal income, debt, percent, households, personal, income, services, and USA.

Key information about Australia Household Debt: % of GDP

• Australia household debt accounted for 120.3 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 119.3 % in the previous quarter.
• Australia household debt to GDP ratio is updated quarterly, available from Jun 1988 to Jun 2025.
• The data reached an all-time high of 1,696.5 % in Dec 2023 and a record low of 72.3 % in Dec 2005.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The Australian Bureau of Statistics provides Household Debt in local currency and Nominal GDP in local currency.


Related information about Australia Household Debt: % of GDP

• In the latest reports, Australia Household Debt reached 2,192.2 USD bn in Jun 2025.
• Money Supply M2 in Australia increased 7.1 % YoY in Oct 2025.
• Australia Foreign Exchange Reserves was measured at 41.4 USD bn in Oct 2025.
• The Foreign Exchange Reserves equaled 1.5 Months of Import in Sep 2025.
• Australia Domestic Credit reached 3,883.6 USD bn in Sep 2025, representing an increased of 3.6 % YoY.
• The country's Non Performing Loans Ratio stood at 1.2 % in Jun 2025, compared with the ratio of 1.2 % in the previous quarter.

Graph and download economic data for Household Debt to GDP for Germany (HDTGPDDEA163N) from 2005 to 2024 about Germany, debt, households, and GDP.

The statistic shows the national debt of countries in the ASEAN region of Asia in relation to the gross domestic product (GDP) from 2020 to 2030. The ASEAN (Association of Southeast Asian Nations) countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. In 2024, the national debt of Myanmar was estimated at around **** percent of the country's gross domestic product.

In 2022, household debt in Japan accounted for **** percent of the gross domestic product (GDP). The share increased from ** percent in the previous year.

 Household debt 

Total household financial liabilities rose to around ***** trillion Japanese yen in the second quarter of 2023, most of which comprised housing loans. A distribution of financial liabilities held by multi-person households revealed that loans taken out for the purchase of homes and land were the primary reason for an increase in the average amount of liabilities per household in recent years. The average amount of financial liabilities per multi-person household decreased proportionally with increasing age: household debt reached the highest levels among households with a household head aged below 40 years, while households headed by over 70-year-olds reported the lowest amount of outstanding debt.

 Regional disparities 

A closer look at the geographical distribution of household debt revealed large disparities across different regions in the country: at **** million yen, financial liabilities per multi-person household were highest in the Kanto region, which is home to Japan’s capital Tokyo where a large proportion of the Japanese workforce is concentrated. At the same time, the average household debt in Okinawa, the southernmost region of Japan, was **** million yen.

Households Debt in Canada decreased to 99.58 percent of GDP in the first quarter of 2025 from 100.39 percent of GDP in the fourth quarter of 2024. This dataset provides - Canada Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows Japan's national debt from 2020 to 2023 in relation to gross domestic product (GDP), with projections up until 2030. In 2024, the national debt of Japan amounted to about 236.1 percent of the gross domestic product. An eye on Japan’s national debt Japan’s national debt ranks first among countries with the highest debt levels in the world, far surpassing the debt levels of Greece - which ranks number two - whose financial crisis has been in the spotlight recently. Italy is third, followed by Jamaica, Lebanon and Enritrea. Currently, Japan’s national debt amounts more than a thousand trillion yen and the country’s debt is predicted to keep rising for the foreseeable future, albeit only slightly. Japan’s national debt is not without consequence for the global economy, because the country claims the fourth-largest share in global gross domestic product. Therefore, the effects on the global economy would and could have a much greater global impact than that of a country such as Greece - considering its share of the global economy adjusted for purchase power parity was less than 0.29 percent in 2011. The debt levels of China, the United States and India should also be watched closely as they together make up the largest share of global GDP. At the moment, Japan’s inflation rate is among the lowest in the world, but as Japan attempts to reduce its national debt, this could change.

The statistic shows the gross national debt of the United States from 2019 to 2024 in relation to the gross domestic product (GDP), with projections up until 2030. In 2024, the national debt of the United States was at around 120.79 percent of the gross domestic product. See the US GDP for further information. US finances There has been a dramatic increase in the public debt of the United States since 1990, although the month-to-month change has been quite stable over the last few months. Public debt is defined as the amount of money borrowed by a country to cover budget deficits. A ranking of individual state debt in the United States shows that California is leading by a clear margin, with more than double the amount of runner-up New York. Vermont, North Dakota and South Dakota are the states with the lowest amount of debt. Even before the recession of 2008, the national debt of the United States had been increasing steadily and excessively, and it is predicted to rise even further. Budget cuts and fewer job opportunities as a result of the crisis are taking their toll on the American economy, which is still recovering. Trade figures as well as unemployment are still below average. Subsequently, the national debt and the national debt of the United States per capita have more or less quadrupled since the 1990s. Interestingly, the United States is not even among the top ten of countries with the highest public debt in relation to gross domestic product in international comparison. Japan, Greece and Italy – among others – report far higher figures than the United States.

The United States recorded a Government Debt to GDP of 124.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - United States Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.