Australian Economy

Australia also takes bronze in household debt servicing burden

Leith van Onselen
Tuesday 13 December 2016
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By Leith van Onselen

Earlier today I showed how Australia’s ratio of household debt to GDP had hit 123% of GDP – the third highest in the world – according to new data released by the Bank for International Settlements (BIS):

ScreenHunter_16670 Dec. 13 07.13

Well, Martin North has compiled separate data from the BIS, which shows that Australia’s household debt servicing ratio (DSR) is also the third highest in the world:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.