Global Household Debt by Country

As we assess 2023's global household debt positions, Switzerland leads at 224.51% of net disposable income, followed by Australia and Luxembourg. These countries exhibit varying growth trends, with Luxembourg showing significant growth, while Denmark and Ireland faced notable declines. Countries like Russia and Slovakia experienced the largest growth rates within two years. Over a five-year horizon, several nations presented modest changes with certain economies in recovery and stabilization phases.

In 2024, key trends warrant monitoring remain: housing market shifts affecting debt levels, variances in monetary policy globally, inflation dynamics influencing borrowing costs, and household income growth patterns impacting debt sustainability.