Sign In
  • Best Buys
  • Household Money
  • Banking & Borrowing
  • Mortgages & Home
  • Saving & Making Money
  • Rights, Scams & Politics
  • Motoring & Travel
  • Investing & Pensions
  • Savings & ISAs
  • Features
  • Compare

How deep in debt is the average Brit, and how does it compare?

Which nations have the highest levels of household debt?
Philippines: $567 (£446) debt per working-age person
Indonesia: $674 (£530) debt per working-age person
Mexico: $3,142 (£2,500) debt per working-age person
Russia: $3,696 (£2,900) debt per working-age person
Brazil: $8,275 (£6,500) debt per working-age person
China: $11,114 (£8,700) debt per working-age person
Spain: $25,745 (£20,200) debt per working-age person
Portugal: $28,714 (£22,600) debt per working-age person
Italy: $29,572 (£23,300) debt per working-age person
Japan: $39,462 (£31,000) debt per working-age person
Austria: $39,672 (£31,200) debt per working-age person
Germany: $43,440 (£34,200) debt per working-age person
Ireland: $47,579 (£37,400) debt per working-age person
South Korea: $47,590 (£37,420) debt per working-age person
Belgium: $49,141 (£38,600) debt per working-age person
France: $52,341 (£41,200) debt per working-age person
UAE: $58,426 (£45,900) debt per working-age person
Finland: $63,355 (£49,800) debt per working-age person
UK: $64,955 (£51,000) debt per working-age person
USA: $78,869 (£62,000) debt per working-age person
Canada: $84,979 (£66,800) debt per working-age person
Netherlands: $90,022 (£70,800) debt per working-age person
Denmark: $94,429 (£74,200) debt per working-age person
Australia: $116,179 (£91,300) per working-age person
Norway: $121,520 (£95,600) debt per working-age person
Switzerland: $189,236 (£148,800) debt per working-age person
1 of 27
lazyllama/Shutterstock

Which nations have the highest levels of household debt?

Are you feeling the squeeze at the moment? You're not alone. With inflation and interest rates at increased levels in many parts of the world, household debt – which includes everything from mortgages to credit card liabilities – is hitting record highs.

As billions of people around the globe grapple with steeper repayments and heftier expenses, read on to find out the average household debt per working-age person (15-64 years) in 26 selected nations, based on data from CEIC, World Bank, and national central banks. We've also included figures revealing collective household debt as a percentage of each nation's GDP, a strong indicator of how deep a country's debt problem runs.  All dollar amounts in US dollars.

Gallery view |
List View

Daniel Coughlin

02 February 2024

See more on this topic

Share the love