The IIF’s data is based on Bank for International Settlements and International Monetary Fund figures as well as its own. And as debt in aggregate has grown, so have the totals in nearly every debt category—with some, such as student loans, more than doubling in that time. Non-financial corporate debt to GDP topped in Canada, France, Singapore, Sweden, Switzerland and the United States. Below is a chart for all countries where data are available. After the stock market crashed in Japan, the government bailed out banks and insurance companies and provided them with low-interest credit. Hovering around 120 per cent of GDP — that is everything the nation produces in a year — Australia's household debt is second only to Switzerland, and we're not too far behind the Swiss. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. This is a list of countries by external debt, which is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based in the country under consideration. Russia’s debt is currently at a total of over 14 billion руб ($216 billion USD). Organisation for Economic Co-operation and Development (OECD), Source: Germany is Europe’s largest economy. Corporate debt declined whereas sovereign debt increased sizeably and household debt kept rising in 2018. Countries by household debt, loans and debt securities as % of GDP 1980 to 2018 [1] Household Debt for Top 25 Richest Countries in 2019. Here is a list of the top ten countries with the most national debt: Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. Country Last Previous Reference Unit; Switzerland 134 132: ... consensus figures, forecasts, statistics and historical data charts for - Households Debt to GDP. Household debt to GDP, in percent, 2018 - Country rankings: The average for 2018 based on 43 countries was 57.07 percent.The highest value was in Switzerland: 128.7 percent and the lowest value was in Argentina: 6.6 percent. (GRAPHIC - Global debt shattering records: ), Reporting by Marc Jones; editing by Jonathan Oatis. The following list sorts countries by Stock of loans and debt issued by households as a percentage of GDP according to data by the International Monetary Fund. Russia is the ninth least indebted country in the world. The indicator is measured as a percentage of net household disposable income. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. The clock covers 99% of the world based upon GDP. #3 Ireland corporate debt-to-GDP ratio: 194.6% In mature markets total debt now tops $180 trillion or 383% of these countries’ combined GDP, while in emerging markets it is double what it was in 2010 at $72 trillion, driven mainly by a $20 trillion surge in corporate debt. Use this code to embed the visualisation into your website. #5 Belgium corporate debt-to-GDP ratio: 155.9%. total household debt, q2 2019 – Total household debt level at $13.86 trillion, up 1.4% ($192 billion) from Q1 – 20th consecutive quarter with increase in debt Total debt across the household, government, financial and non-financial corporate sectors surged by some $9 trillion in the first three quarters of 2019 alone. Another potentially risky trend is that the amount of emerging market ‘hard currency’ debt - debt sold in a major currency like the dollar that can become hard to pay back if a crisis hits a local currency’s value - reached $8.3 trillion in Q3 2019, $4 trillion higher than a decade ago. See here for a complete list of exchanges and delays. Yahoo is part of Verizon Media. Debt is calculated as the sum of the following liability categories: loans (primarily mortgage loans and consumer credit) and other accounts payable. A place for corporate tax avoidance specialists to shelter income and register their debts. China’s government debt also grew at its fastest annual pace last year since 2009, the IIF said, and household debt and general government debt are now at all-time highs of 55% of GDP. Canada’s national debt currently sits at about $1.2 trillion CAD ($925 billion USD). Notes: This interactive graphic displays gross government debt for the globe. China’s national debt is currently over ¥38 trillion (over $5 trillion USD). What countries have the largest debt in the world? So below are all the countries whose household-debt-to-GDP ratio now exceeds 100%. Consumer Debt Reaches Record High in 2019. National Accounts at a Glance, Snapshot of data for a fixed period (data will not change even if updated on the site). Household debt-to-GDP have reached a record high in Belgium, Finland, France, Lebanon, New Zealand, Nigeria, Norway, Sweden and Switzerland. China’s efforts to rein in corporate debt continued in 2018. Includes over 200 time series indicators from 1970 to 2018, for most reporting countries, and pipeline data for scheduled debt service payments on existing commitments to 2026. China currently has the world’s largest economy and the largest population of 1,415,045,928 people. Russia’s debt ratio is one of the lowest in the world at 19.48% of its GDP. The following list sorts countries by Stock of loans and debt issued by households as a percentage of GDP according to data by the International Monetary Fund. (Federal Reserve) Non … "Household debt, loans and debt securities", https://en.wikipedia.org/w/index.php?title=List_of_countries_by_household_debt&oldid=973663946, Lists of countries by population-related issue, Short description is different from Wikidata, Articles with tables with fixed row numbers, Creative Commons Attribution-ShareAlike License, This page was last edited on 18 August 2020, at 14:16. Canada’s national debt is currently at 83.81% of its GDP. All quotes delayed a minimum of 15 minutes. Germany’s debt ratio is currently at 59.81% of its GDP. Total debt across the household, government, financial and non-financial corporate sectors surged by some $9 trillion in the first three quarters of 2019 alone. All parts are the world are loading up however. The household debt ratio has been increasing steadily, but it remains half the level in advanced economies. Canada experienced a gradual decrease in debt after the 1990s until 2010 when the debt began increasing again. Latest available data for a fixed period, © Global government debt alone is set to break above $70 trillion. International Monetary Fund: World Economic Outlook Database, United Nations: National Accounts Main Aggregates Database. The greatest amount of nominal household debt is the United States at -US$15.435 trillion trailed by China at -$13.802 trillion, Japan at -$3.285 trillion, United Kingdom at -$2.553 trillion and Germany at -$2.345 trillion. “Spurred by low interest rates and loose financial conditions, we estimate that total global debt will exceed $257 trillion in Q1 2020,” the IIF said, adding non-financial sector debt was now approaching $200 trillion. Household consumer debt is worth 75.4% of the United States GDP. Most of Russia’s external debt is private. Household debt Houshold debt is defined as all liabilities of households (including non-profit institutions serving households) that require payments of interest or principal by households to the creditors at a fixed dates in the future. Log in, Domestic Spending for Top 25 Richest Countries, Trade Surpluses or Deficits for Top 25 Richest Countries, Unemployment Rates for Top 25 Richest Countries, Household debt, loans and debt securities (% of GDP), Household size and composition around the world 2018 data booklet, List of countries by number of households, List of countries by population (United Nations), Indonesia Business Cycle Indicators Report. Banking institutions had to be consolidated and nationalized after a period of time and other fiscal stimulus initiatives were used to help reboot the struggling economy. When household borrowing outruns GDP growth for long enough and reaches certain levels, things can get iffy, as US household debt has shown with its starring role in the Financial Crisis though it never even exceeded 100% of GDP. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Unfortunately, these actions caused Japan’s debt level to skyrocket. Consumer Bank Lending Rate Consumer Confidence Consumer Credit Consumer Spending Disposable Personal Income Gasoline Prices Households Debt to GDP Find out more about how we use your information in our Privacy Policy and Cookie Policy. Germany’s total debt is at approximately 2.291 trillion € ($2.527 trillion USD). United States – Total debt: $18,286,510,000,000. Here is a list of the top ten countries with the most national debt: Japan (National Debt: … LONDON (Reuters) - Global debt is expected to climb to a new all-time high of more than $257 trillion in the coming months, the Institute of International Finance estimated on Monday, adding there was no sign of it retreating either. Copy the URL to open this chart with all your selections. Russia is the ninth least indebted country in the world. Overall, consumer debt in the U.S. has grown 19% since 2009 to its current record high of $14.1 trillion, according to Experian data. Country Last Previous Reference Unit; Switzerland 134 132: ... consensus figures, forecasts, … Russia’s debt is currently at a total of over 14 billion руб ($216 billion USD). An International Monetary Fund report from 2015 stated that China’s debt is relatively low, and many economists have dismissed worries over the size of the debt both in its overall size and relative to China’s GDP. Japan's national debt currently sits at ¥1,028 trillion ($9.087 trillion USD). Overall, consumer debt in the U.S. has grown 19% since 2009 to its current record high of $14.1 trillion, according to Experian data. Dollar debt accounts for over 85% of this increase. The amount of debt amassed by countries around the world has sharply increased in recent years, reaching $164 trillion worldwide in 2016, according to … Canada’s national debt currently sits at about $1.2 trillion CAD ($925 billion USD). Houshold debt is defined as all liabilities of households (including non-profit institutions serving households) that require payments of interest or principal by households to the creditors at a fixed dates in the future. The average American with an auto loan debt owes $19,321. Organisation for Economic. #4 Netherlands corporate debt-to-GDP ratio: 171.9%. The total non-revolving consumer debt of US citizens is now $3.12 trillion. The amount works out at around $32,500 for each of the 7.7 billion people on planet and more than 3.2 times the world’s annual economic output, but the staggering numbers don’t stop there. Government debt-to-GDP has also hit an all-time high in Australia and the United States. Most of Russia’s external debt is private.