Global Household Indebtedness Ratio by Country

The Global Household Indebtedness Ratio varies significantly among countries. Norway leads with a ratio of 236.64, followed by Denmark at 199.44 and Australia at 197.51. Sweden and the Netherlands are also notably high, at 191.65 and 188.85 respectively. Canada stands at 177.17, and the United Kingdom follows with 139.28. Other European countries like Finland, France, and Belgium have moderate ratios, ranging from 130.53 to 108.18. The United States shows a ratio of 97.58, which is lower than many Western European countries. Germany, Spain, and Ireland maintain ratios between 87.06 and 89.35. Southern European countries like Italy, Greece, and Portugal have lower ratios, with Italy at 80.49 and Greece at 73.27. In Eastern Europe, countries such as the Czech Republic, Poland, Slovenia, and Hungary exhibit even lower ratios from 72.59 down to 37.49. Emerging economies like Chile and Mexico have the lowest ratios, at 77.78 and 26.00 respectively.

Looking ahead, a trend towards increasing household indebtedness is expected to persist in many developed economies, driven by factors such as low interest rates and rising property values. However, economic uncertainties and policy changes could affect this trend, especially in emerging markets where debt levels are relatively lower but rapidly increasing.