Data / Rankings / Private non-financial debt service ratio / Countries

Countries by private non-financial debt service ratio

Hong Kong had the highest private non-financial debt service ratio of 32 countries in Q2 2023, at 36.3%. Indonesia had the lowest, at 4.1%. The median was 14.8%. Source: the Bank for International Settlements.

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Highest36.3Hong Kong
Lowest4.1Indonesia
Median14.832 countries

Map of countries, Q2 2023

Australia: 19.2 %Belgium: 17.2 %Brazil: 25.7 %Canada: 24.3 %Switzerland: 19.7 %China: 18 %Czechia: 9.4 %Germany: 12.3 %Denmark: 24.2 %Spain: 13.1 %Finland: 19.3 %France: 19.5 %United Kingdom: 13.1 %Hong Kong: 36.3 %Hungary: 14.7 %Indonesia: 4.1 %India: 10.4 %Italy: 9.8 %Japan: 15 %South Korea: 21.5 %Mexico: 5 %Malaysia: 14.8 %Netherlands: 28 %Norway: 25.6 %Poland: 6.8 %Portugal: 14.1 %Russia: 12.8 %Sweden: 24.6 %Thailand: 14.8 %Türkiye: 13.9 %United States: 14.7 %South Africa: 7.7 %
  • Under 9.9
  • 9.9 to 13
  • 13 to 15
  • 15 to 19
  • 19 to 24
  • 24 and over
  • No data
%, Q2 2023. Hatched areas have no value for this period. Source: BIS, BIS WS_DSR: P, quarterly, private nonfinancial debt service ratio. Boundaries: Natural Earth (public domain).

All countries, Q2 2023

Hong Kong: 36.3 %Hong Kong36.3Netherlands: 28 %Netherlands28Brazil: 25.7 %Brazil25.7Norway: 25.6 %Norway25.6Sweden: 24.6 %Sweden24.6Canada: 24.3 %Canada24.3Denmark: 24.2 %Denmark24.2South Korea: 21.5 %South Korea21.5Switzerland: 19.7 %Switzerland19.7France: 19.5 %France19.5Finland: 19.3 %Finland19.3Australia: 19.2 %Australia19.2China: 18 %China18Belgium: 17.2 %Belgium17.2Japan: 15 %Japan15Malaysia: 14.8 %Malaysia14.8Thailand: 14.8 %Thailand14.8Hungary: 14.7 %Hungary14.7United States: 14.7 %United States14.7Portugal: 14.1 %Portugal14.1Türkiye: 13.9 %Türkiye13.9Spain: 13.1 %Spain13.1United Kingdom: 13.1 %United Kingdom13.1Russia: 12.8 %Russia12.8Germany: 12.3 %Germany12.3India: 10.4 %India10.4Italy: 9.8 %Italy9.8Czechia: 9.4 %Czechia9.4South Africa: 7.7 %South Africa7.7Poland: 6.8 %Poland6.8Mexico: 5 %Mexico5Indonesia: 4.1 %Indonesia4.1Hong Kong: 36.3 %Hong Kong36.3Netherlands: 28 %Netherlands28Brazil: 25.7 %Brazil25.7Norway: 25.6 %Norway25.6Sweden: 24.6 %Sweden24.6Canada: 24.3 %Canada24.3Denmark: 24.2 %Denmark24.2South Korea: 21.5 %South Korea21.5Switzerland: 19.7 %Switzerland19.7France: 19.5 %France19.5Finland: 19.3 %Finland19.3Australia: 19.2 %Australia19.2China: 18 %China18Belgium: 17.2 %Belgium17.2Japan: 15 %Japan15Malaysia: 14.8 %Malaysia14.8Thailand: 14.8 %Thailand14.8Hungary: 14.7 %Hungary14.7United States: 14.7 %United States14.7Portugal: 14.1 %Portugal14.1Türkiye: 13.9 %Türkiye13.9Spain: 13.1 %Spain13.1United Kingdom: 13.1 %United Kingdom13.1Russia: 12.8 %Russia12.8Germany: 12.3 %Germany12.3India: 10.4 %India10.4Italy: 9.8 %Italy9.8Czechia: 9.4 %Czechia9.4South Africa: 7.7 %South Africa7.7Poland: 6.8 %Poland6.8Mexico: 5 %Mexico5Indonesia: 4.1 %Indonesia4.1
%. Source: BIS, BIS WS_DSR: P, quarterly, private nonfinancial debt service ratio. Retrieved 2026-10-12.

Full ranking

RankCountriesQ2 2023 (%)Change on Q2 2022
1Hong Kong Estimated36.3+3.5 pts
2Netherlands Estimated28-2.1 pts
3Brazil Estimated25.7+2.5 pts
4Norway Estimated25.6+1.7 pts
5Sweden Estimated24.6+0.3 pts
6Canada Estimated24.3+1.4 pts
7Denmark Estimated24.2+1.5 pts
8South Korea Estimated21.5+1.7 pts
9Switzerland Estimated19.70 pts
10France Estimated19.5-0.8 pts
11Finland Estimated19.3+2.1 pts
12Australia Estimated19.2+1.9 pts
13China Estimated18+0.6 pts
14Belgium Estimated17.2-0.3 pts
15Japan Estimated15-0.1 pts
16Malaysia Estimated14.8-0.1 pts
16Thailand Estimated14.8+0.2 pts
18Hungary Estimated14.7+4.2 pts
18United States Estimated14.7+0.2 pts
20Portugal Estimated14.10 pts
21Türkiye Estimated13.9-5.2 pts
22Spain Estimated13.1-0.4 pts
22United Kingdom Estimated13.1-0.4 pts
24Russia Estimated12.8-1.1 pts
25Germany Estimated12.3-0.4 pts
26India Estimated10.4+0.6 pts
27Italy Estimated9.8+0.2 pts
28Czechia Estimated9.4+1 pts
29South Africa Estimated7.7+0.7 pts
30Poland Estimated6.8+0.4 pts
31Mexico Estimated5+0.4 pts
32Indonesia Estimated4.10 pts

Other periods

About this ranking

BIS estimate of interest payments and principal amortisation of households, NPISHs and non-financial corporations as a percentage of income.

BIS modelled estimates from aggregate debt, income, interest rates and assumed remaining maturities. Includes interest and principal repayments. Better suited to tracking a country over time than comparing absolute levels between countries. Household and corporate coverage is narrower than total private-sector coverage. Household estimates include NPISHs and differ from the Federal Reserve household debt service ratio. Not seasonally adjusted.

Every value in the ranking comes from the same publisher and the same period, so the countries are compared on one definition. Equal values share a rank.

How to cite

Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS_DSR: P, quarterly, private nonfinancial debt service ratio. https://stats.bis.org/api/v2/data/dataflow/BIS/WS_DSR/1.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.P?format=csv&startPeriod=1999-Q1. Retrieved 2026-10-12.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

Bank for International Settlements. (n.d.). BIS WS_DSR: P, quarterly, private nonfinancial debt service ratio (Countries by private non-financial debt service ratio, 2023-Q2) [Data set]. Retrieved October 12, 2026, from https://stats.bis.org/api/v2/data/dataflow/BIS/WS_DSR/1.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.P?format=csv&startPeriod=1999-Q1

MLA 9

BIS WS_DSR: P, quarterly, private nonfinancial debt service ratio, Countries by private non-financial debt service ratio, 2023-Q2. Bank for International Settlements, https://stats.bis.org/api/v2/data/dataflow/BIS/WS_DSR/1.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.P?format=csv&startPeriod=1999-Q1. Invokely, https://invokely.ai/rankings/private-nonfinancial-debt-service-ratio/countries?period=2023-Q2. Accessed 12 Oct. 2026.

Chicago (author-date)

Bank for International Settlements. n.d. BIS WS_DSR: P, quarterly, private nonfinancial debt service ratio. Countries by private non-financial debt service ratio, 2023-Q2. Dataset. Accessed October 12, 2026. https://stats.bis.org/api/v2/data/dataflow/BIS/WS_DSR/1.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.P?format=csv&startPeriod=1999-Q1. Also distributed by Invokely, https://invokely.ai/rankings/private-nonfinancial-debt-service-ratio/countries?period=2023-Q2.

Harvard

Bank for International Settlements (no date) BIS WS_DSR: P, quarterly, private nonfinancial debt service ratio, Countries by private non-financial debt service ratio, 2023-Q2 [Dataset]. Available at: https://stats.bis.org/api/v2/data/dataflow/BIS/WS_DSR/1.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.P?format=csv&startPeriod=1999-Q1, via Invokely: https://invokely.ai/rankings/private-nonfinancial-debt-service-ratio/countries?period=2023-Q2 (Accessed: 12 October 2026).

BibTeX
@misc{bank_countries_by_private_non_2026,
  author = {{Bank for International Settlements}},
  title = {{BIS WS\_DSR: P, quarterly, private nonfinancial debt service ratio: Countries by private non-financial debt service ratio, 2023-Q2}},
  howpublished = {Data set},
  url = {https://stats.bis.org/api/v2/data/dataflow/BIS/WS_DSR/1.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.P?format=csv&startPeriod=1999-Q1},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/rankings/private-nonfinancial-debt-service-ratio/countries?period=2023-Q2. Publisher attribution: Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS\_DSR: P, quarterly, private nonfinancial debt service ratio. https://stats.bis.org/api/v2/data/dataflow/BIS/WS\_DSR/1.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.P?format=csv\&startPeriod=1999-Q1. Retrieved 2026-10-12.},
}
RIS
TY  - DATA
AU  - Bank for International Settlements
TI  - BIS WS_DSR: P, quarterly, private nonfinancial debt service ratio: Countries by private non-financial debt service ratio, 2023-Q2
PB  - Bank for International Settlements
DB  - Invokely
UR  - https://stats.bis.org/api/v2/data/dataflow/BIS/WS_DSR/1.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.P?format=csv&startPeriod=1999-Q1
L2  - https://invokely.ai/rankings/private-nonfinancial-debt-service-ratio/countries?period=2023-Q2
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/private-nonfinancial-debt-service-ratio/countries?period=2023-Q2.
N1  - Publisher attribution: Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS_DSR: P, quarterly, private nonfinancial debt service ratio. https://stats.bis.org/api/v2/data/dataflow/BIS/WS_DSR/1.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.P?format=csv&startPeriod=1999-Q1. Retrieved 2026-10-12.
ER  -
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Questions

Which country has the highest private non-financial debt service ratio?

Hong Kong, with 36.3% in Q2 2023, according to the Bank for International Settlements.

Which country has the lowest private non-financial debt service ratio?

Indonesia, with 4.1% in Q2 2023.

Where does this ranking come from?

Every value comes from one source and one period, so the places are comparable: Bank for International Settlements, BIS WS_DSR: P, quarterly, private nonfinancial debt service ratio. Retrieved 2026-10-12.

Private non-financial debt service ratio: other rankings

Countries: more rankings