Australia also takes bronze in household debt servicing burden

Tuesday 13 December 2016

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):

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:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.