Global Household Debt by Country

The analysis of global household debt reveals a varying landscape. For 2024, Sweden, Finland, Lithuania, and Latvia have consistently high debt levels with minimal variation, while Poland shows a significant increase. Conversely, significant debt reductions are notable in the Netherlands, Norway, and Denmark. The United States and the UK experienced sizeable declines, with New Zealand showing the most drastic reduction. In contrast, Luxembourg and Belgium bucked the trend with slight upticks. Overall, Eastern European countries exhibit more stability or positive changes compared to Western countries.

Future trends suggest careful monitoring of global economic conditions and policies as rising inflation and interest rates could burden household debt repayment abilities. Watch for emerging market volatility, potential increases in default rates, and regulatory responses shaping household debt trajectories in 2025 and beyond.