Inflation and the economic slowdown are making the situation even more difficult for indebted households around the world. Which Latin American country has the most indebted households?

ANSWER

Chile. According to data from the International Monetary Fund, Chilean household debt accounted for 44.75% of the country’s GDP in 2021. Brazil follows, with 33.77%, while in hyperinflationary Argentina, by contrast, household debt accounts for only 4.53% of GDP. Which country takes the top spot in the world? None other than Switzerland, where household debt amounts to 131.91% of GDP.

You can view the report at https://www.imf.org/external/datamapper/HH_LS@GDD/PER/BRA/ARG/CHL/COL/MEX