Household debt appears to work through a ‘household demand channel’ (Mian et al., 2019) and affects both the boom and bust of a debt cycle. This statistic shows the national debt of Switzerland from 2015 to 2018 in relation to the gross domestic product (GDP), with projections up until 2025. Data & research on financial statistics & debt inc. household pensions & loans, household debt, quarterly public sector debt, private sector debt, exchange rates, interest rates. By subscribing you agree to our Privacy Policy. 10% of those 16 and above in French-speaking Switzerland admitted to impulse buying compared to 4.5% of the same group in German-speaking Switzerland. That is nothing to be proud of, because it shows that virtually no other country has a higher level of gross household debt relative to gross domestic product (GDP). Household debt ratio in Europe Q2 2020, by country Household debt to income ratio in the UK Q1 2000-Q4 2020 Household debt service payments as a share of disposable income in the U.S. 2011-2020 But Canada, Australia, Switzerland, the Netherlands and several more advanced economies also face personal debt issues, too much for people to handle. Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Switzerland economic outlook, debt to GDP ratio, international trade performance and population trends. Brown, Martin & Graf, Roman: Financial Literacy, Household Investment and Household Debt: Evidence from Switzerland., 2012, ASCII Citation Atom BibTeX Dublin Core EP3 XML EndNote Grid (abstract) HTML Citation JSON METS MODS MPEG-21 DIDL Multiline CSV OpenURL ContextObject OpenURL ContextObject in Span RDF+N-Triples RDF+N3 RDF+XML Refer Reference Manager Simple Metadata Swiss (15.8%) were more likely to be in a household with outstanding payments than foreigners from northern Europe. Contact details Second : The Swiss Banks have a lot of Liquidity. Since 2009, household debt to GDP has surged roughly 25% in Norway and 23% in Switzerland compared with 27% for the US from 2001 to 2008. Household indebtedness ratio is measured by household outstanding debt divided by the net disposable income. Households Debt To Income in Switzerland increased to 182 % in 2016. Auto debt saw the second-largest growth, increasing 81% ($584 billion) during the same time. Switzerland regularly tops the rankings when it comes to the debt of private households – along with Sweden, Norway, Canada, and Australia. Household debt-to-GDP ratios in countries including France, Switzerland, New Zealand and Nigeria have never been higher, according to a January report from the Institute of International Finance. SNB Maintains Expansionary Monetary Policy, Switzerland Records 1st Current Account Gap in 11Y, Swiss Producer and Import Prices Fall the Least in 13 Months, Switzerland Trade Surplus Narrows in February, Switzerland Jobless Rate Edges Down to 3.6%, Swiss Manufacturing Growth Picks Up to 2-1/2-Year High, Switzerland Retail Sales Retreat in January, Payrolls in Switzerland Fall for 3rd Quarter, Trinidad and Tobago Holds Interest Rate at 3.5%, Argentina Trade Surplus Shrinks in February, Colombia Leaves Interest Rate Unchanged at 1.75%, South African Stocks End at Over 1-Week High. In 2013, 31.8% of the population lived in a household with at least one form of debt. That means the average household can, in theory, save around 17,136 francs per year. Countries in the second group also have high household debt relative to GDP, but the debt ratio trend seems to have eith… And while mortgage debt saw more moderate growth of just 14% since 2009, its growth represented the largest monetary increase—$1.2 trillion—of any debt product. Country Report 2017 - Includes Switzerland real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. Debt sustainability is further underpinned by Switzerland's continuously favourable financing costs, reinforced by the Swiss franc's safe-haven status. Download historical data for 20 million indicators using your browser. In 1992, Japans's Nikkei (stock market) crashed. Switzerland's current-account surplus is consistently among the largest in the world. Those from northern Europe (14.2%) were far less likely to be in a household with an outstanding debt payment than those from southern Europe (27.9%) and those from the rest of the world (37.8%). We use cookies to ensure that we give you the best experience on our website. Countries can be broadly classified into four groups, based on the level and trend of household debt as a ratio to GDP (debt ratio). The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives. CERN discovers highly suspicious particle behaviour, Government agrees on laws to tackle high Swiss prices, Covid: 50% of Switzerland might need to wait until late July for a vaccination, Covid: deaths steady as cases rise 17% in Switzerland this week, Moutier - Swiss town to vote on breaking away again, Serious cycling injuries up sharply in Switzerland in 2020, Moutier – Swiss town to vote on breaking away again, Around 8,000 protest against Covid-19 measures in Switzerland. Thirth : We have high Incomes and can afford it. 16 FODEBA). Get informed and benefit from tips on managing your budget while in Switzerland. Switzerland’s Net National Debt By The IMF. Germany ’s debt ratio is currently at 59.81% of its GDP. Outstanding mortgages, which account for 90 percent of all household debt, increased 4 percent last year to 689 billion Swiss francs, while consumer and other debt held steady. Send us an email Folgende Liste sortiert Länder nach der Gesamtverschuldung der privaten Haushalte als Anteil des Bruttoinlandsprodukt zum letzten ermittelbaren Zeitpunkt. Als Haushaltsverschuldung zählen alle Schulden, Kredite und Schuldverschreibungen der Bürger eines Landes. However, global rankings of household debt are worked out by comparing it to the size of the economy as measured by GDP and for the U.S. it’s at 75.9%, quite deflated and conservative compared to over 90% a decade ago. Planning your budget correctly is absolutely essential to successfully saving money in Switzerland. Switzerland Government debt accounted for 25.8 % of the country's Nominal GDP in Dec 2018, compared with the ratio of 27.7 % in the previous year. Post was not sent - check your email addresses! ... unscathed (including Australia, the Netherlands, Norway and Switzerland).3 This simple observation suggests that while an accelerating, or high, household DTI ratio can be … Switzerland to that in other OECD countries. Switzerland (red) Total US dollars 2019 Switzerland (red) Employment rate Indicator: 80.3 Total % of working age population Q4-2020 Switzerland % of working age population: Total % of working age population Q1-2016-Q4-2020 Switzerland (red), OECD - Total (black) Total % of working age population Q4-2020 Switzerland (red) Hours worked Indicator: 1 557 Total Hours/worker Switzerland is an exception when analysing the level of its debt. Debt collection agency in Switzerland. Switzerland debt to gdp ratio for 2014 was 21.05%, a 0.39% increase from 2013. Debt is calculated as the sum of the following liability categories: loans (primarily mortgage loans and consumer credit) and other accounts payable. In a second step we relate financial literacy to household investment and household debt. Back Share. The sovereign debt crises unfolding in neighboring euro-zone countries, ... household consumption: 53.7% (2017 est.) Countries by household debt, loans and debt securities as % of GDP 1980 to 2018 First : The Quality of Housing is high -> so also the cost’s. The age group the least likely to have outstanding payments was those 65 and over (5.8%), and the most likely age group was 18-24 (27%). More on this:Federal Statistical Office data (in French) – Take a 5 minute French test now. The data reached an all-time high of 2,100.7 USD bn in Sep 2020 and a record low of 582.5 USD bn in Sep 2000. Tel Aviv (TNS) - The rate of household debt in Israel is lower than in developed countries, and definitely in comparison with countries like Switzerland and Australia. Switzerland The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Switzerland Annual Household Income per Capita data is updated yearly, available from Dec 2006 to Dec 2018, with an averaged value of 55,487.121 USD. 1999-2020 Data | 2021-2023 Forecast | Historical. Country Report 2017 - Includes Switzerland real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. Debt sustainability is further underpinned by Switzerland's increasingly favourable financing costs, reinforced by the Swiss franc's safe-haven status. France Household Debt: USD mn data is updated quarterly, available from Dec 1995 to Sep 2020. S80/S20 income share ratio (the household income for the top 20%, divided by the household income for the bottom 20%) Inequality Housing affordability Germany’s total debt is at approximately 2.291 trillion € ($2.527 trillion USD). Household debt levels have increased considerably over the past 30 years, both in Australia and elsewhere. Terms for Advertising. A striking feature of the current-account surplus is that it is driven almost entirely by household savings. Swiss household income: How much is left? 23.3% of the population had car debts in 2017, more than the 15.7% who had borrowed money to buy a home. Swiss unemployment rises. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. By subscribing you are agreeing to our Privacy Policy. 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