Private Debt to GDP in the United States decreased to 142 percent in 2024 from 147.50 percent in 2023. United States Private Debt to GDP - values, historical data, forecasts and news - updated on September of 2025.

This dataset provides values for PRIVATE 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 United States Private Debt: % of Nominal GDP

• United States Private Debt accounted for 145.54 % of its Nominal GDP in Sep 2024, compared with a ratio of 146.25 % in the previous quarter
• US Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Dec 1951 to Sep 2024, with an average share of 119.14 %
• The data reached an all-time high of 172.25 % in Sep 2008 and a record low of 53.98 % in Dec 1951

CEIC calculates quarterly Private Debt as % of Nominal GDP from quarterly Private Debt and quarterly Nominal GDP. Private Debt is calculated as the sum of Debt from Household and Business Sector. Federal Reserve Board provides Private Debt in USD. The Bureau of Economic Analysis Nominal GDP in USD. Flow of Funds Seasonally Adjusted Annual Rate Private Debt and Seasonally Adjusted Annual Rate Nominal GDP are used.

Key information about India Private Debt: % of Nominal GDP

• India Private Debt accounted for 51.51 % of its Nominal GDP in Mar 2022, compared with a ratio of 51.82 % in the previous quarter
• India Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 1997 to Mar 2022, with an average share of 50.05 %
• The data reached an all-time high of 56.38 % in Mar 2021 and a record low of 24.04 % in Sep 1997

CEIC calculates quarterly Private Debt as % of Nominal GDP from quarterly Private Debt and quarterly Nominal GDP. The International Monetary Fund provides Private Debt in local currency. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008 at 2011-12 prices. Private Debt as % of Nominal GDP prior to Q1 2012 is calculated from Nominal GDP based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q1 2005 is based on SNA 1993, at 1999-2000 prices. Private Debt includes Financial Sector.

In 2024, Japan had the highest level of total non-financial debt among advanced economies, reaching 394 percent of the country's GDP. Total non-financial debt includes government debt, as well as private and business debt. Debt of the financial sector is not included in the figures.

Private Debt to GDP in Sweden increased to 202.50 percent in 2024 from 191.40 percent in 2023. Sweden Private Debt to GDP - values, historical data, forecasts and news - updated on September of 2025.

Key information about Indonesia Private Debt: % of Nominal GDP

• Indonesia Private Debt accounted for 30.77 % of its Nominal GDP in Dec 2024, compared with a ratio of 30.33 % in the previous quarter
• Indonesia Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 2002 to Dec 2024, with an average share of 28.64 %
• The data reached an all-time high of 31.98 % in Dec 2015 and a record low of 16.78 % in Mar 2002

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. Private Debt is calculated as the sum of Credits to Private Non Financial Corporations and Other Private Sectors. Bank Indonesia provides Private Debt in local currency. Statistics Indonesia Nominal GDP in local currency based on SNA 2008. Private Debt as % of Nominal GDP prior to Q4 2010 is calculated from Nominal GDP based on SNA 1993.

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 New Zealand Private Debt: % of Nominal GDP

• New Zealand Private Debt accounted for 136.01 % of its Nominal GDP in Sep 2024, compared with a ratio of 135.21 % in the previous quarter
• New Zealand Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 1988 to Sep 2024, with an average share of 135.21 %
• The data reached an all-time high of 157.39 % in Sep 2009 and a record low of 64.97 % in Mar 1989

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. The Reserve Bank of New Zealand provides Private Debt in local currency based on MFSM 2016. Stats NZ provides Nominal GDP in local currency. Private Debt as % of Nominal GDP prior to Q4 2016 is calculated from Private Debt based on Standard Statistical Return.

Graph and download economic data for Outstanding Domestic Private Debt Securities to GDP for Japan (DDDM03JPA156NWDB) from 1997 to 2020 about Japan, debt, domestic, securities, private, and GDP.

Graph and download economic data for Outstanding Domestic Private Debt Securities to GDP for Norway (DDDM03NOA156NWDB) from 1995 to 2020 about Norway, debt, securities, domestic, private, and GDP.

Private Debt to GDP in Greece increased to 68.60 percent in 2024 from 65.90 percent in 2023. Greece Private Debt to GDP - values, historical data, forecasts and news - updated on September of 2025.

Graph and download economic data for Outstanding International Private Debt Securities to GDP for Indonesia (DDDM05IDA156NWDB) from 1980 to 2020 about Indonesia, debt, securities, private, and GDP.

Private Debt to GDP in South Korea decreased to 163 percent in 2024 from 166.80 percent in 2023. This dataset provides - South Korea Private Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Outstanding Domestic Private Debt Securities to GDP for Denmark (DDDM03DKA156NWDB) from 1999 to 2020 about Denmark, debt, securities, domestic, private, and GDP.

Private Debt to GDP in Italy decreased to 100.30 percent in 2024 from 103.40 percent in 2023. Italy Private Debt to GDP - values, historical data, forecasts and news - updated on September of 2025.

Graph and download economic data for Outstanding Domestic Private Debt Securities to GDP for Thailand (DDDM03THA156NWDB) from 2005 to 2020 about Thailand, debt, domestic, securities, private, and GDP.

Graph and download economic data for Outstanding Domestic Private Debt Securities to GDP for Turkey (DDDM03TRA156NWDB) from 2005 to 2020 about Turkey, debt, domestic, securities, private, and GDP.

Graph and download economic data for Outstanding Domestic Private Debt Securities to GDP for Brazil (DDDM03BRA156NWDB) from 2002 to 2020 about Brazil, debt, securities, domestic, private, and GDP.

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.