Debt per adult in Europe by country | Statista (2024)

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Debt per adult in Europe by country | Statista? ›

The value of the debt per adult in Europe in 2022 varied a lot from country to country. While Swiss adults had on average over 151,600 U.S. dollars of debt in 2022, adults from Azerbaijan had a debt of 540 dollars. Meanwhile, the average volume of debt in Europe that year was almost 25,000 U.S. dollars per adult.

At the end of 2022, 13 out of 27 EU Member States reported debt to GDP ratios higher than the reference value of 60.0 %, while six EU Member States recorded debt to GDP ratios of more than 100.0 %: Greece recorded the highest debt to GDP ratio at 171.3 %, followed by Italy (144.4 %), Portugal (113.9 %), Spain (113.2 %) ...

General government gross debt

At the end of 2023, the lowest ratios of government debt to GDP were recorded in Estonia (19.6 %), Bulgaria (23.1 %), Luxembourg (25.7 %), Denmark (29.3 %), Sweden (31.2 %) and Lithuania (38.3 %).

Denmark. Denmark had the highest household-debt-to-income ratio of all the nations we looked at, with a reported debt of 252.18%.

However, the liabilities in 2022 have been only 2.7 trillion USD The budget deficit in the same year was 106.7 billion USD. Based on the number of inhabitants, this is a debt of 32,415 USD per person.

As of 2023, the United States' debt-to-GDP ratio is among the highest in the developed world, behind only Japan and Italy. However, the United States has long been the world's largest economy, with no record of defaulting on its debt.

The value of the debt per adult in Europe in 2022 varied a lot from country to country. While Swiss adults had on average over 151,600 U.S. dollars of debt in 2022, adults from Azerbaijan had a debt of 540 dollars. Meanwhile, the average volume of debt in Europe that year was almost 25,000 U.S. dollars per adult.

1) Switzerland. It is no surprise to see Switzerland on this list. Switzerland is a country that, in practically all economic and social metrics, is an example to follow. With a population of almost 9 million people, Switzerland has no natural resources of its own, no access to the sea, and virtually no public debt.

Nearly half of all US foreign-owned debt comes from five countries. All values are adjusted to 2023 dollars. As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).

China and the US remain two of the leading countries with the highest debt-to-GDP ratios. Emerging economies and low-income economies are the most affected by debt vulnerabilities.

Why do Canadians have so much debt? ›

Canada's reliance on consumer spending as a key source of economic growth has contributed to greater debt burdens, with the highest household debt in the G7.

According to The Econ- omist magazine, Canada's to- tal national debt stands at more than US $1.1 trillion or $32,506 per capita. To put that in perspective, Canada's na- tional debt per capita is $3,813 worse than the United States and only $2,896 better than in- solvent Greece.

Japan has the highest debt to GDP ratio, standing at 262%. This is followed by Venezuela at 241% and Greece at 193%. These countries have been grappling with significant debt burdens for some time, with various economic and political factors contributing to their high ratios.

The average American owed $103,358 in consumer debt in the second quarter of 2023, the latest data available, according to credit bureau Experian.

One of the main culprits is consistently overspending. When the federal government spends more than its budget, it creates a deficit. In the fiscal year of 2023, it spent about $381 billion more than it collected in revenues. To pay that deficit, the government borrows money.

Russia National Government Debt reached 281.6 USD bn in Feb 2024, compared with 287.8 USD bn in the previous month.

period of economic uncertainty in the euro zone beginning in 2009 that was triggered by high levels of public debt, particularly in the countries that were grouped under the acronym “PIIGS” (Portugal, Ireland, Italy, Greece, and Spain).

China and the US remain two of the leading countries with the highest debt-to-GDP ratios. Emerging economies and low-income economies are the most affected by debt vulnerabilities.

Though the overall debt amount increased, the ratio of debt to GDP decreased 2 percentage points between the third quarters of 2022 and 2023. At 165%, Greece reported the highest ratio of debt to GDP in the EU, followed by Italy. France, Spain, Belgium and Portugal also reported debts greater than their national GDP.