## Figure 2.3. Growth and Composition of Household Debt by Region

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**Canonical URL:** [Figure 2.3. Growth and Composition of Household Debt by Region](https://www.imf.org/-/media/files/publications/gfsr/2017/october/chapter-2/pdf-data/figure2-3.pdf)

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### 1. Household Debt-to-GDP Ratio, 2007 and 2016
- Scatter comparison of Household debt-to-GDP ratio in 2007 and 2016.
- Dashed line denotes the 45-degree line.
- Labels/axes show values: 0, 50, 100, 150, 200 (horizontal/vertical scale markers).

### 2. Household Debt-to-GDP Ratio and Financial Development, 2013
- Horizontal axis: Financial development (index) with markers 0, 20, 40, 60, 80, 100, 120, 140.
- Vertical axis: Household debt-to-GDP ratio with markers 0, 50, 100, 150, 200.
- Regional markers: EMEs and AEs plotted for 2013.
- Financial development index source: Svirydzenka 2016.

### 3. Household Debt-to-GDP Ratio and Mortgage Share of Debt, 2016
- Horizontal axis: Share of mortgage debt with markers 0, 20, 40, 60, 80, 100, 120, 140.
- Vertical axis: Household debt-to-GDP ratio with markers 0, 50, 100, 150, 200.
- Regional markers: EMEs and AEs for 2016.

### 4. Decomposition of Annual Changes in Household Debt Ratio
- Panel reports median annual growth rates for each country group and period for:
  - real GDP
  - real disposable household income (income)
  - real household debt (RHHD)
  - household debt-to-GDP ratio (HHD/GDP)
- Two comparison periods: 1990–2007 and 2008–16.
- Axis markers shown: 0, 5, 10, 15.
- Regional markers: EMEs and AEs.

### 5. Advanced Economies and Central and Eastern European Countries: Median Household Debt-to-GDP Ratio
- Time series axis markers: 1980, 85, 90, 95, 2000, 05, 10, 15 (presented as 19808590952000051015).
- Regional series: Euro area, Other AEs, CEEC.
- Vertical axis markers for ratio: 0, 30, 60, 90, 120, 150.

### 6. Emerging Market Economies in Asia, Africa, the Middle East, and Latin America: Median Household Debt-to-GDP Ratio
- Time series axis markers: 1995, 2000, 05, 10, 15 (presented as 19952000051015).
- Regional series: Asia, Africa, Middle East, Latin America.
- Vertical axis markers for ratio: 0, 5, 10, 15, 20, 25.

Key definitions and notes
- AEs = advanced economies.
- CEEC = Central and Eastern European countries.
- EMEs = emerging market economies.
- income = real disposable household income.
- RHHD = real household debt.
- HHD/GDP = household debt-to-GDP ratio.
- For countries included in regional breakdowns, see Annex 2.1.
- Panel 4 reports median annual growth rates for each country group and period for real GDP, real disposable household income, real household debt (RHHD), and household debt-to-GDP ratio (HHD/GDP).

Sources: Bank for International Settlements; CEIC Data Co. Ltd.; Economic Cycle Research Institute; Haver Analytics; IMF, International Financial Statistics, Monetary and Financial Statistics, and World Economic Outlook databases; Jordà-Schularick-Taylor Macrohistory Database; Svirydzenka 2016; Thomson Reuters Datastream; and IMF staff calculations.

*Source: Figure 2.3. Growth and Composition of Household Debt by Region (Percent).*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2017/october/chapter-2/pdf-data/figure2-3.pdf_