[Graphic News] S. Korea’s household debt ratio highest among 34 economies
Social affairsJun 15, 2023
South Korea’s household debt-to-gross domestic product ratio stood at the highest level among 34 major economies in the first quarter, global financial data showed. The ratio stood at 102.2 percent in the January-March period, followed by Hong Kong with a ratio of 95.1 percent, Thailand with 85.7 percent, Britain with 81.6 percent and the United States with 73 percent, according to the Institute of International Finance. Korea was the only country where household debt exceeded its GDP in t