Economics •
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Top 10 Countries with the Highest Household Debt-to-GDP Ratios
Ranking the countries with the highest levels of household debt as a percentage of gross domestic product (GDP).
Household debt includes outstanding loans and debt securities. High ratios are highly correlated with robust mortgage markets and elevated property valuations in advanced economies.
1
Switzerland Europe
125.4%
2
Australia Oceania
113.7%
3
Canada North America
100.1%
4
Netherlands Europe
93.9%
5
New Zealand Oceania
90.3%
6
South Korea Asia
90.1%
7
Hong Kong Asia
88.0%
8
Thailand Asia
87.7%
9
Norway Europe
86.1%
10
Denmark Europe
85.2%