Which country has the highest consumer debt?

Which country has the highest consumer debt?

In 2020, Hong Kong, United States, and China had the highest household debt of the selected countries when measured as a share of gross domestic product (GDP)….Total household debt as share of GDP in selected countries worldwide in 2020.

Characteristic Share of country’s GDP

Which country has the highest personal debt per capita?

Given that Denmark is ranked the country with the highest household debt,¹ it comes as no surprise that Denmark’s capital, Copenhagen, was listed as the 25th most expensive city to live in, in 2020.³ Switzerland’s capital, Zurich, ranks as the fourth-most expensive city to live in against 209 others,³ and it’s also …

What is the current level of consumer debt?

The Report shows that total household debt increased by $286 billion (1.9%) to $15.24 trillion in the third quarter of 2021. The total debt balance is now $1.1 trillion higher than at the end of 2019.

Is there any country not in debt?

Not always. There is only one “debt-free” country as per the IMF database. For many countries, the unusually low national debt could be due to failing to report actual figures to the IMF.

Are Americans more in debt?

But they’re still $123 billion lower than at the end of 2019 before the pandemic hit. Even though credit card debt has yet to get back to its pre-pandemic level, total debt is already $1.1 trillion higher than at the end of 2019. High spending spurred by even higher inflation. Americans are spending big at the moment.

How much is the debt of Philippines 2021?

Through the first three quarters of 2021, government debt has increased again to 11.9 trillion pesos. Even without knowing the final numbers for 2021, the government is planning to borrow yet another 7.5 percent of GDP in 2022 to finance public expenditures.

Where does Philippines rank in the world by GDP?

32nd largest
The economy of the Philippines is the world’s 32nd largest economy by nominal GDP according to the International Monetary Fund 2021 and the 12th largest economy in Asia, and the 3rd largest economy in the ASEAN after Indonesia and Thailand.


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