Korea Has Highest Ratio of Household Debt-to-GDP Among Emerging Economies

Korea has the highest ratio of household debt relative to GDP among emerging economies for 13 straight years now.

Korea posted the highest ratio at 87.2 percent among 17 countries surveyed, according to the Bank for International Settlements. Thailand was a distant second with a ratio of slightly over 70 percent.

Among 41 countries, including advanced economies, Korea ranked eighth. Switzerland topped the list with some 120 percent followed by Denmark and the Netherlands.