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Household debt to GDP ratio in selected countries worldwide 2016

Switzerland had the highest household debt of the selected countries in 2016 when measured as a share of gross domestic product (GDP). At that time, Swiss households held a stock of debt valued at roughly 128 percent of the country’s output.

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.

Total household debt as share of GDP in selected countries worldwide in 2016

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Sources

Release date

January 2017

Region

Worldwide

Survey time period

2016

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Statistics on "Personal debt in the United States"

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