Korea vs OECD — Household Debt / GDP
Korea’s household debt-to-GDP is among OECD’s highest.
Korean household debt sits near 90% of GDP vs the OECD ≈60% average. Mortgage share is high and the stock is sensitive to short-rate changes.
| Country / Series | Debt / GDP | Household / GDP | GDP (T USD) | Debt (T USD) | Note |
|---|---|---|---|---|---|
| Korea | — | 90.0% | — | — | BoK household credit |
| Australia | — | 110.0% | — | — | |
| Canada | — | 102.0% | — | — | |
| USA | — | 73.0% | — | — | |
| Japan | — | 67.0% | — | — | |
| Germany | — | 52.0% | — | — | |
| OECD average | — | 60.0% | — | — |
Takeaway
Rate cuts provide short-term relief; structural deleveraging is a long-horizon trade-off against consumption and growth.
Sources: BIS credit statistics, OECD.stat, BoK household credit.