Household Debt By Countries - Politics - Nairaland
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| Household Debt By Countries by googi(op): 4:24pm On Feb 01 |
HOUSEHOLD DEBT BY COUNTRIES "Household Debt by Country II @iswardiishak Household debt is heavily concentrated in advanced economies, where deep mortgage markets and widespread access to credit have pushed liabilities to record highs. In countries such as Switzerland, Australia, and Canada, household borrowing now exceeds annual economic output, reflecting high homeownership costs and prolonged periods of low interest rates. By contrast, emerging economies tend to carry far lower household debt burdens, limited by shallower financial systems and lower credit penetration. While high household debt can support consumption and asset accumulation, it also leaves economies more exposed to interest-rate shocks and housing market downturns. Dataset Country/Territory Household debt, loans and debt securities (As % of GDP) Switzerland 125.43 Australia 112.15 Canada 100.07 Netherlands 93.60 New Zealand 90.25 South Korea 90.14 Norway 88.62 Hong Kong 88.00 Denmark 85.16 Sweden 82.69 United Kingdom 76.18 Malaysia 69.49 United States 69.35 Japan 65.07 Finland 63.31 Luxembourg 61.87 China 61.40 France 60.51 Cyprus 59.61 Belgium 57.35 Portugal 53.32 Germany 49.93 Malta 48.74 Chile 44.81 Singapore 44.31 Austria 44.01 Spain 43.70 Slovakia 43.40 Israel 42.31 India 40.77 Honduras 39.72 Greece 38.83 Estonia 38.40 Brazil 36.35 Italy 36.11 Saudi Arabia 35.33 South Africa 33.72 Nepal 32.54 Czech Republic 30.84 Vanuatu 30.65 Croatia 30.30 Ireland 29.63 El Salvador 28.03 North Macedonia 27.08 Costa Rica 26.83 Bulgaria 25.90 Colombia 25.71 Morocco 25.55 United Arab Emirates 24.78 Slovenia 24.31 Poland 22.89 Russia 22.20 Lithuania 22.02 Samoa 20.02 Latvia 19.36 Lesotho 17.24 Kazakhstan 17.06 Hungary 17.00 Mexico 16.71 Nicaragua 16.50 Indonesia 16.16 Albania 12.75 Romania 10.75 Türkiye 9.64 Solomon Islands 8.64 Paraguay 6.62 Bangladesh 6.22 Suriname 5.06 Argentina 4.69 Pakistan 2.13 Sierra Leone 0.001 Data sources https://www.imf.org/external/datamapper/HH_LS@GDD/SWE/CHE/SLE 27 6 2.9K II Iswardi Ishak @iswardiishak Data Researcher in Singapore. Email: iswardi.ishak@gmail.com 405 Followers • 14 Posts More from Iswardi Ishak Transportation Nov 27, 2025 Who Built the Most Ships in 2024? The global shipbuilding industry remains an overwhelmingly East Asian affair. In 2024 the world’s yards produced 71.69m gross tons of commercial vessels, and nearly all of it came from just three countries. China, South Korea and Japan… II @iswardiishak Economy Jan 28, 2026 Household Debt by Country Household debt is heavily concentrated in advanced economies, where deep mortgage markets and widespread access to credit have pushed liabilities to record highs. In countries such as Switzerland, Australia, and Canada, household borrowin… II @iswardiishak Travel Jan 13, 2026 Which Country Gains The Most From Tourism? Which Countries Gain the Most From Tourism? Tourism has rebounded strongly, with international visitor spending reaching an estimated $1.74 trillion in 2024, up 13.8% from 2019. The map shows how unevenly these gains are distributed.… II @iswardiishak Public Opinion Jan 20, 2026 Global Attitudes Towards the U.S. and China Global attitudes towards the United States and China reveal a divided international landscape. Drawing on Pew Research Center’s Spring 2025 Global Attitudes Survey, this chart compares public favourability toward the world’s two leadin… II @iswardiishak Demographics Nov 13, 2025 Total Fertility Rates By Country Global Fertility Trends, 2024 The world’s fertility rate continues its steady decline, averaging 2.25 children per woman, a 6.2% drop from 2019. The map reveals a striking global divide: countries in sub-Saharan Africa still record… II @iswardiishak Agriculture Nov 7, 2025 Percentage of Arable Land By Country Arable land, or the the portion of Earth’s land surface capable of nurturing crops, has shaped civilizations since the birth of agriculture. Yet this precious resource is strikingly uneven in its distribution. As the map reveals, fertile… II @iswardiishak You may also like Business Jul 26, 2024 The Number of For |
| Re: Household Debt By Countries by HacheNoire: 4:40pm On Feb 01 |
The USA has the highest consumer debt in the world but not in number 1 spot in your list. Where did that magic happen? |
| Re: Household Debt By Countries by Richtaiwo(m): 4:50pm On Feb 01 |
HacheNoire:It’s called statistics, which means the figures and rankings aren’t built on your personal feelings, village analysis, or emotional outbursts. They exist independently of your opinion, no matter how strongly you believe otherwise. 1 Like 1 Share |
| Re: Household Debt By Countries by HacheNoire: 4:54pm On Feb 01 |
Richtaiwo:I threw facts at you and you called it personal feelings instead of explaining or debunking it. $17 Trillion in consumer debt is what you called personal feelings? Just erase that list you composed and talk about sports, cos it’s glaring you don’t know what you discussing about. 1 Like |
| Re: Household Debt By Countries by Richtaiwo(m): 5:00pm On Feb 01 |
HacheNoire:You made a claim with zero evidence, what you presented isn’t a fact, it’s a personal opinion dressed up as confidence. Facts are either commonly established or properly backed up. Simply throwing out a random figure without proof doesn’t magically turn it into fact. And for the record, I’m not the OP, I’m just responding to your evidence-free masterpiece. 1 Like 1 Share |
| Re: Household Debt By Countries by HacheNoire: 5:02pm On Feb 01 |
Richtaiwo:Okay, since I am wrong, correct me. Which country has the highest consumer debt and how much is it? |
| Re: Household Debt By Countries by budaatum: 5:08pm On Feb 01 |
HacheNoire:Can you see how googi intelligently provided statistics anyone can go investigate and check for themselves!? Your statement, however, has no supporting evidence whatsoever, so what do you think it says about your obvious lack of comprehension?
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| Re: Household Debt By Countries by HacheNoire: 5:12pm On Feb 01 |
budaatum:Explain how Switzerland has the highest household debt but not highest consumer debt! That’s the magic that happened! You have to explain that! Cis even if you sum up the entire household debt of Switzerland, it still won’t be half of US household debt which is termed as consumer debt. Switzerland is still a baby where US stands in household debt. The fact that Google told you does not mean is right. Use your own head. |
| Re: Household Debt By Countries by budaatum: 5:13pm On Feb 01*. Modified: 5:33pm On Feb 01 |
Richtaiwo:I think googi backed his claim up with evidence that you have failed to investigate yourself, and are instead trying to make out googi presented a personal opinion, which anyone who can read know he hasn't! What's amusing is that you then want your own factless unbacked opinion to supercede his "commonly established and properly backed up" facts, which is rather amusing. This post is an egg on my face error. See the retraction below please. https://www.nairaland.com/8610291/household-debt-countries#138330225 |
| Re: Household Debt By Countries by Richtaiwo(m): 5:14pm On Feb 01 |
HacheNoire:I admit I’m not aware, but that doesn’t mean I must accept a claim with zero evidence. Nobody does that anymore, not even illiterate farmers in the village. I’m not attacking you, you just feel attacked. I’m simply saying your submission is invalid without proof. Ask anyone, they’ll confirm it. 1 Like 1 Share |
| Re: Household Debt By Countries by Richtaiwo(m): 5:18pm On Feb 01 |
budaatum:Can you point out which claim I made here? I'm waiting. Besides, I never responded to the op. My response is to the member I quoted. 1 Like 1 Share |
| Re: Household Debt By Countries by budaatum: 5:22pm On Feb 01 |
HacheNoire:Sorry HacheNoire, but I don't have to educate you by explaining anything to you, especially since in reality you just want to argue what you have no clue whatsoever about. If you want to learn though, you can Google it yourself at your own expense, but it's no skin off my nose whether you do or not. That said, and because I feel the need to be generous and kind, and selfishly need intelligent people to discuss with, perhaps start with the below and then do some more learning.
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| Re: Household Debt By Countries by HacheNoire: 5:24pm On Feb 01 |
budaatum:Because you have nothing to explain! You can’t figure out an explanation. I understand. |
| Re: Household Debt By Countries by budaatum: 5:31pm On Feb 01 |
Richtaiwo:Richtaiwo, you must please forgive my error in attributing your response to the wrong person. On reading it back slowly this time, you are very correct in claiming HacheNoire, whom you rightly responded to, "made a claim with zero evidence", and I am humbly sorry for the error I made in misreading your response as if it were to the op. I'm highlighting this in bold red so my error is more visible. 1 Like 1 Share
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| Re: Household Debt By Countries by budaatum: 5:35pm On Feb 01 |
HacheNoire:Dude. Go to school please! It will profit you. |
| Re: Household Debt By Countries by Richtaiwo(m): 5:48pm On Feb 01 |
budaatum:👍 1 Like 1 Share |
| Re: Household Debt By Countries by motymop: 5:55pm On Feb 01 |
HacheNoire:Household debt and consumer debt are not the same thing. |
| Re: Household Debt By Countries by motymop: 5:57pm On Feb 01 |
budaatum:You guys are arguing about 2 different things. You guys can not differentiate the difference between consumer debt and household debt You all think they are the same hence the confusion |
| Re: Household Debt By Countries by HacheNoire: 5:58pm On Feb 01 |
motymop:Okay! Tell us what makes up consumer debt? |
| Re: Household Debt By Countries by motymop: 5:59pm On Feb 01 |
Richtaiwo:You yourself do not even understand what was posted. |
| Re: Household Debt By Countries by motymop: 6:00pm On Feb 01 |
HacheNoire:household debt is the total, comprehensive amount of money a household owes. consumer debt is a subset focused specifically on non-mortgage and personal consumption |
| Re: Household Debt By Countries by HacheNoire: 6:02pm On Feb 01 |
motymop:Read what you typed and tell me they not synonymous. |
| Re: Household Debt By Countries by motymop: 6:05pm On Feb 01 |
HacheNoire:They are not..bro google is your friend. Consumer debt are debt incurred for purchasing goods and services for consumption e.g credit cards, auto loans, personal loans rather than long-term assets like a home. Household debt are all the debt you have incurred. One is for only consumption, the other is all the debt you own 1 Like 1 Share |
| Re: Household Debt By Countries by lawani(m): 6:14pm On Feb 01 |
These are percentages of GDP and not actual debt. Those saying US have the highest are right. In gross value of either sovereign or household debt the US will be the highest. The level of debt will correspond to the well being or development of the economy because it is indicative of the level of capital mobilization. More assets are working. In Nigeria here billions of dollars worth of assets lie fallow. They are not collateralizing any debt |
| Re: Household Debt By Countries by HacheNoire: 6:18pm On Feb 01 |
motymop:You said household debt is ALL the debt you have have incurred right? Including mortgage? Same you said it not synonymous. So how is the US having over 4000X of consumer debt than Switzerland, but Switzerland has a higher household debt? |
| Re: Household Debt By Countries by budaatum: 6:23pm On Feb 01 |
motymop:Actually, HacheNoire and I are not arguing at all, since HacheNoire is the one that doesn't seem to know anything about consumer debt and household debt, and I try not to argue with those who know not of what they talk about. Saying that though, I have already made an error in this thread, and wouldn't be surprised if others do too. So, and on that note: Consumer debt refers to the outstanding balance of non-mortgage loans and credit utilized by individuals for personal, household, or family expenses, such as credit cards, auto loans, and student loans. Household debt refers to the total outstanding money owed by individuals in a household to financial institutions, including mortgages, credit cards, student loans, and personal loans. It represents the combined financial liabilities of all adults in a home, often categorized into secured property debt and unsecured consumer credit. The difference is subtle, but if you read my posts you'd note how the difference makes Switzerland the country with the highest household debt. Switzerland isn't necessarily the country with the highest consumer debt however, note. |
| Re: Household Debt By Countries by budaatum: 6:27pm On Feb 01 |
lawani:The op specifically says As % of GDP, so that fact is not missed. In dollar terms however, you'd be correct. Total U.S. household debt reached a record high of $18.59 trillion in the third quarter of 2025, driven by increases in mortgage and credit card balances. Debt rose by $197 billion over the quarter, with mortgage debt ($13.07 trillion) comprising the largest share, followed by student loans ($1.65 trillion), auto loans ($1.66 trillion), and credit card debt ($1.23 trillion).Note that the figure for USA is only for the third quarter of 2025, while Switzerland's is a total for 2024, which shows the magnitude of difference. |
| Re: Household Debt By Countries by lawani(m): 6:31pm On Feb 01 |
budaatum:My post was directed at the argument on the thread about whether the US has the highest debt or not. 1 Like 1 Share |
| Re: Household Debt By Countries by budaatum: 6:41pm On Feb 01 |
lawani:The argument presented by the op was based on % of GDP, but I do confess it is a complex topic with much nuance by individuals with various focuses. |
| Re: Household Debt By Countries by lawani(m): 6:43pm On Feb 01 |
budaatum:Yes the argument was kind of off topic. By percentage some countries beat the US but by gross Value no country will beat the US. 1 Like 1 Share |
| Re: Household Debt By Countries by RemoteNaija: 7:30pm On Feb 01 |
googi:Debt is the modern form of slavery. The scariest part about these stats is that for most Nigerians, the debt is for Consumption (food, rent), not Investment. If your income isn't growing in a stable currency to match inflation, you are automatically slipping into this debt trap. We need to earn better, not just borrow more. |
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