After pinching bronze last quarter and taking the mantle of the world’s third most indebted households, Australia has risen to second place according to the latest data from the Bank for International Settlements (BIS).
The next table shows the ratios of household debt to GDP as at the September quarter of 2016. As you can see, Switzerland (128%) has taken gold with Australia (123%) taking silver and Denmark (121%) bronze. The Netherlands (111%) and Norway (101%) round out the top five:
