Household credit by country: the latest data

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* indicates monthly or quarterly data series
The table shows the level of bank credit to households (both mortgage credit and consumer credit) around the world including the most recent value and recent changes. The numbers are in billion local currency units and are updated continuously as the national authorities release the new data.

Household credit carries benefits and risks to the economy. On the positive side, it allows households to purchase real estate, cars, and other items by spreading the cost over time. This makes household consumption more even over time and not so dependent on fluctuations in incomes. On the negative side, many financial crises are associated with a massive build up in household credit. Easy money pushes up property values and raises the debt levels. Then, an increase in interest rates or a drop in incomes can put significant strain on the household budgets. Households cut their spending in order to deleverage (reduce their debt) and the economy enters a recession.

Household credit is now a major component of bank credit in the advanced economies and is rapidly catching up with the levels of business credit in the developing world.

Definition: Household credit includes credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to households. Included are all credit institutions: domestic and foreign owned as well as private and public ones.

Countries Latest available value Reference date Change three months Change twelve months
Albania 272.75 Jun / 2023 1.41% 8.04%
Angola 1163.29 Jun / 2023 26.63% 32.29%
Antigua and Barbuda 1.26 Dec / 2019 1.18% 2.90%
Argentina 5259.60 Jun / 2023 20.01% 78.95%
Armenia 2208.04 Jun / 2023 4.66% 20.78%
Aruba 1.96 Mar / 2023 0.39% 3.36%
Australia 2185.98 Jun / 2023 1.36% 5.65%
Austria 182.59 Q2 / 2023 -0.45% -0.73%
Azerbaijan 12.73 Jul / 2023 5.38% 25.97%
Bahrain 5.93 Jun / 2023 1.50% 5.01%
Bangladesh 2941.04 Jun / 2023 2.61% 11.51%
Barbados 3.51 Jun / 2023 -0.05% -0.20%
Belarus 16.81 Jan / 2022 1.65% 6.38%
Belgium 250.36 Jun / 2023 0.36% 3.39%
Benin 550.00 Jun / 2023 0.99% 12.77%
Bosnia and Herzegovina 11.41 Jun / 2023 2.46% 5.75%
Botswana 47.25 Sep / 2022 2.06% 5.39%
Brazil 3289.08 Jun / 2023 0.55% 12.79%
Bulgaria 35.48 Jun / 2023 4.05% 14.05%
Burkina Faso 1711.10 Jun / 2023 2.31% 5.92%
Cambodia 44757.90 Apr / 2023 2.36% 12.73%
Canada 2334.13 Sep / 2020 1.78% 3.49%
Chile 97476.17 Jun / 2023 1.69% 9.92%
China 76838.33 Jun / 2023 1.25% 5.91%
Colombia 309255.56 Aug / 2023 0.12% 4.40%
Costa Rica 11931.16 Mar / 2023 -1.90% 1.15%
Croatia 20.72 Jun / 2023 2.86% 6.11%
Cyprus 11.23 Jun / 2023 0.29% -7.65%
Czechia 2209.11 Jun / 2023 2.20% 5.10%
Denmark 338.52 Jun / 2023 -0.12% -2.10%
Djibouti 31.40 Q4 / 2021 -0.23% 11.74%
Dominica 0.41 Dec / 2019 -0.21% -2.35%
Dominican Republic 607.57 Jun / 2023 5.08% 20.21%
Ecuador 39.30 Jun / 2023 3.25% 16.16%
Egypt 809.99 Mar / 2023 5.00% 21.52%
El Salvador 9.05 Jun / 2023 1.89% 4.64%
Estonia 11.79 Jun / 2023 2.05% 8.51%
Euro area 6641.11 Jun / 2023 -0.19% 1.22%
Faroe Islands 9.82 Jun / 2023 2.27% 8.73%
Fiji 2.26 Jun / 2023 1.72% 6.25%
Finland 143.65 Jun / 2023 -0.43% -1.16%
France 1728.00 Jun / 2023 0.49% 3.06%
Gambia 0.58 Apr / 2019 43.34% 54.75%
Georgia 25.23 Jun / 2023 4.59% 11.72%
Germany 2021.88 Jun / 2023 0.24% 2.18%
Greece 37.36 Jun / 2023 -1.22% -4.36%
Grenada 1.04 Dec / 2019 -0.15% -1.51%
Guatemala 155.64 Jun / 2023 3.64% 19.27%
Guinea-Bissau 83.70 Jun / 2023 -0.59% 19.91%
Guyana 48.65 Jun / 2023 1.20% 4.04%
Honduras 295.83 Jun / 2023 4.60% 20.17%
Hungary 9979.50 Jun / 2023 0.87% 4.53%
Iceland 2029.57 Jun / 2023 0.71% 5.85%
India 42609.84 Jun / 2023 4.30% 21.05%
Indonesia 3231562.35 Jun / 2023 2.11% 9.17%
Ireland 100.78 Jun / 2023 0.63% -0.32%
Israel 677.57 Feb / 2023 0.85% 9.66%
Italy 675.86 Jun / 2023 -0.45% 0.10%
Ivory Coast 2397.70 Jun / 2023 2.09% 14.19%
Jamaica 602.26 Jul / 2023 3.03% 12.89%
Japan 176704.30 Jun / 2023 0.59% 2.63%
Kazakhstan 15636.23 Jun / 2023 6.87% 30.63%
Kenya 526.00 May / 2023 1.13% 7.02%
Kuwait 18.49 Jun / 2023 0.15% 3.74%
Latvia 5.68 Jun / 2023 1.18% 3.02%
Lesotho 6.23 Q3 / 2022 2.89% 5.12%
Lithuania 14.11 Jun / 2023 2.18% 8.43%
Luxembourg 46.63 Jun / 2023 -0.28% 1.23%
Macao 338.71 Q2 / 2023 -0.19% 1.94%
North Macedonia 222.30 Jun / 2023 2.23% 6.45%
Madagascar 3575.45 Mar / 2023 2.02% 24.01%
Malaysia 1219.54 Jun / 2023 1.15% 5.33%
Mali 1240.90 Jun / 2023 8.89% 11.70%
Malta 8.23 Jun / 2023 2.56% 8.30%
Mauritius 204.78 Jun / 2023 2.31% 10.60%
Mexico 2483.59 Jun / 2023 3.63% 19.58%
Moldova 23.35 Jun / 2023 2.29% -3.82%
Mongolia 13322.04 Jun / 2023 9.40% 17.10%
Montenegro 1.63 Jun / 2023 2.31% 6.96%
Montserrat 0.08 Dec / 2019 -0.32% -2.14%
Morocco 386.73 Jun / 2023 0.62% 2.98%
Mozambique 106.32 Jan / 2022 5.45% 15.41%
Namibia 65.83 May / 2023 0.77% 5.16%
Netherlands 585.02 Jun / 2023 0.35% 1.16%
New Caledonia 536.63 Q4 / 2021 0.73% 0.87%
New Zealand 261.85 Jun / 2023 1.11% 4.25%
Nicaragua 83.82 Jun / 2023 4.78% 17.41%
Niger 636.00 Jun / 2023 6.96% 15.70%
Norway 3731.60 Jun / 2023 0.98% 3.48%
Pakistan 1140.12 Jun / 2023 -0.30% 0.10%
Palestine 4.22 Jun / 2023 0.91% 5.59%
Peru 166.52 Jun / 2023 2.25% 10.23%
Philippines 1987.40 Q2 / 2023 3.18% 13.56%
Poland 722.33 Jun / 2023 -0.57% -7.36%
Portugal 128.26 Jun / 2023 -0.13% 0.32%
Romania 170.95 Jun / 2023 0.27% 0.07%
Russia 31528.52 Jun / 2023 5.96% 17.36%
Saint Lucia 1.88 Dec / 2019 0.90% 1.87%
Saint Vincent and the Grenadines 0.90 Dec / 2019 0.42% 0.41%
Samoa 0.19 Q1 / 2023 -6.37% -12.69%
Senegal 2194.10 Jun / 2023 -1.71% 10.28%
Serbia 1472.29 Jun / 2023 1.02% 2.60%
Seychelles 1.51 Jun / 2023 6.77% 17.57%
Singapore 309.84 Jun / 2023 0.01% -1.85%
Slovakia 51.41 Jun / 2023 1.18% 6.35%
Slovenia 12.60 Jul / 2023 0.71% 5.29%
South Africa 2083.71 Jun / 2023 0.81% 6.47%
South Korea 1292783.80 Jun / 2023 -0.16% -2.28%
Spain 687.92 Jun / 2023 1.14% -1.92%
Suriname 4.28 Jun / 2023 7.04% 49.00%
Swaziland 8.08 Jun / 2023 0.20% 3.24%
Sweden 4962.87 Jun / 2023 0.23% 1.05%
Switzerland 890.57 Jun / 2023 0.36% 1.94%
Taiwan 17200.84 Jun / 2023 1.71% 4.87%
Tajikistan 6.28 Jun / 2023 10.80% 37.70%
Tanzania 11768.05 Q2 / 2023 2.67% 25.20%
Thailand 13012.89 Jun / 2023 0.58% 2.13%
Togo 721.10 Jun / 2023 -4.50% 14.57%
Trinidad and Tobago 48.27 Jun / 2023 1.43% 6.99%
Turkey 2091.21 Jun / 2023 17.65% 82.06%
USA 4410.30 Jul / 2023 0.88% 5.89%
Uganda 4497.65 Jun / 2023 3.95% 21.69%
Ukraine 220.70 Jun / 2023 1.47% -11.54%
United Arab Emirates 395.81 Jun / 2023 3.05% 9.58%
United Kingdom 1600.16 Jun / 2023 0.07% 2.17%
Vanuatu 34.30 May / 2023 0.16% 4.31%
Zimbabwe 1754.99 Jun / 2023 381.90% 1717.96%
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