Denmark, the Netherlands, and Sweden were some of the European countries with the highest volume of household debt relative to their disposable income, as they had a ratio of over 180 percent. According to the source, some of the different types of debt included in the figures are loans, specially mortgages, as well as consumer credit.
Country indebtedness levels
For ten of the fifteen European countries included, the level of household indebtedness outweighed the amount of disposable income, with Denmark seeing the highest household indebtedness to gross disposable income ratio of approximately 228 percent in the third quarter of 2021. Slovenia had one of the lowest indebtedness ratio, along with Hungary, and Poland.
Debt per adult in Europe
In Europe, the value of debt per adult varies considerably from an average of around 10,000 U.S. dollars in Europe to a much higher level in certain countries such as Switzerland. Debts can be formed in a number of ways. The most common forms of debt include credit cards, medical debt, student loans, overdrafts, mortgages, automobile financing and personal loans.
Household indebtedness to gross disposable income ratio in selected countries in Europe in 1st quarter 2023
These figures represents the total outstanding debt of households as a share of their disposable income. Their debt largely consists of loans. When the ratio is above 100%, that means that the outstanding debt of the average household in that country is larger than their disposable income.
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OECD. (August 10, 2023). Household indebtedness to gross disposable income ratio in selected countries in Europe in 1st quarter 2023 [Graph]. In Statista. Retrieved November 10, 2024, from https://www.statista.com/statistics/1073593/household-debt-ratio-europe-by-country/
OECD. "Household indebtedness to gross disposable income ratio in selected countries in Europe in 1st quarter 2023." Chart. August 10, 2023. Statista. Accessed November 10, 2024. https://www.statista.com/statistics/1073593/household-debt-ratio-europe-by-country/
OECD. (2023). Household indebtedness to gross disposable income ratio in selected countries in Europe in 1st quarter 2023. Statista. Statista Inc.. Accessed: November 10, 2024. https://www.statista.com/statistics/1073593/household-debt-ratio-europe-by-country/
OECD. "Household Indebtedness to Gross Disposable Income Ratio in Selected Countries in Europe in 1st Quarter 2023." Statista, Statista Inc., 10 Aug 2023, https://www.statista.com/statistics/1073593/household-debt-ratio-europe-by-country/
OECD, Household indebtedness to gross disposable income ratio in selected countries in Europe in 1st quarter 2023 Statista, https://www.statista.com/statistics/1073593/household-debt-ratio-europe-by-country/ (last visited November 10, 2024)
Household indebtedness to gross disposable income ratio in selected countries in Europe in 1st quarter 2023 [Graph], OECD, August 10, 2023. [Online]. Available: https://www.statista.com/statistics/1073593/household-debt-ratio-europe-by-country/