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House of Commons

BRIEFING PAPER Number 7584, 3 March 2017 Household debt: statistics and impact on economy





Household debt, % of disposable income, available OECD countries Q2 2016

Denmark 265.8 Netherlands 254.8 Norway 213.3 Australia 197.5 Sweden 173.6 Canada 168.0 Ireland 163.6 UK 141.8 Japan* 126.3 Portugal 124.4 Finland 121.4 Spain 113.1 Belgium* 105.3 US 104.0 France 102.8 Greece 100.9 Austria 86.2 Germany 85.2 Italy 81.3 Czech Rep. 65.3 Chile 63.5 Poland 62.7 Slovenia 51.4

*Data for Belgium is Q1 2016 and for Japan is Q1 2015 Source: OECDstat, Household Dashboard: cross country comparisons








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March 30, 2017

In a just released report from the CBO looking at the long-term US budget outlook, the budget office forecasts that both government debt and deficits are expected to soar in the coming 30 years, with debt/GDP expected to hit 150% by 2047 if the current government spending picture remains unchanged.






Edited by billybong
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