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

Revealed: the countries struggling with the highest levels of household debt

Where individual finances are stretched the furthest
India: $624 (£495) debt per working-age person
Philippines: $677 (£537) debt per working-age person
Indonesia: $716 (£569) debt per working-age person
Argentina: $869 (£690) debt per working-age person
Peru: $2,000 (£1,588) debt per working-age person
Colombia: $2,012 (£1,597) debt per working-age person
South Africa: $2,675 (£2,123) debt per working-age person
Mexico: $3,192 (£2,533) debt per working-age person
Russia: $4,447 (£3,529) debt per working-age person
Poland: $8,706 (£6,910) debt per working-age person
Chile: $9,595 (£7,616) debt per working-age person
China: $11,015 (£8,743) debt per working-age person
Brazil: $13,341 (£10,589) debt per working-age person
Greece: $17,707 (£14,055) debt per working-age person
Spain: $25,603 (£20,322) debt per working-age person
Italy: $30,410 (£24,138) debt per working-age person
Japan: $37,633 (£29,872) debt per working-age person
Austria: $40,029 (£31,774) debt per working-age person
Germany: $45,113 (£35,810) debt per working-age person
South Korea: $48,023 (£38,121) debt per working-age person
Belgium: $49,273 (£39,113) debt per working-age person
UAE: $50,659 (£40,213) debt per working-age person
Ireland: $52,347 (£41,553) debt per working-age person
France: $57,292 (£45,479) debt per working-age person
Singapore: $67,003 (£53,172) debt per working-age person
New Zealand: $67,352 (£53,449) debt per working-age person
UK: $70,333 debt (£55,815) per working-age person
USA: $80,291 (£63,686) debt per working-age person
Sweden: $82,089 (£65,113) debt per working-age person
Canada: $83,654 (£66,358) debt per working-age person
Denmark: $100,841 (£79,992) debt per working-age person
Netherlands: $103,169 (£81,838) debt per working-age person
Australia: $113,848 (£90,309) debt per working-age person
Norway: $121,758 (£96,584) debt per working-age person
Switzerland: $211,893 (£168,096) debt per working-age person
1 of 36
jax10289/Shutterstock

Where individual finances are stretched the furthest

Inflation has eased around the globe but while real wages are growing in many nations, living costs and interest rates remain elevated. Needless to say, household debt, which includes mortgages, personal, auto and student loans, credit card balances and bank overdrafts, has climbed to record highs.

With billions of people grappling with sky-high expenses and steeper repayments, read on to discover the average household debt per working-age person (15-64 years) in 35 selected nations.

Our ranking is based on data from CEIC, the UN, the World Bank and other gold-standard sources. 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

24 February 2025

Features

See more on this topic

Share the love