## Figure 2.4. Household Debt: Evidence from Cross-Country Panel Data

## Source details

**Canonical URL:** [Figure 2.4. Household Debt: Evidence from Cross-Country Panel Data](https://www.imf.org/-/media/files/publications/gfsr/2017/october/chapter-2/pdf-data/figure2-4.pdf)

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- [Markdown version](/-/media/files/publications/gfsr/2017/october/chapter-2/pdf-data/figure2-4.pdf.md)
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### 1. Loan Participation Rate, 2010
- Axis tick labels shown: 0, 20, 40, 60, 80
- Income quintile display: Q1 Q2 Q3 Q4 Q5 (quintile 1 to quintile 5, from lowest to highest income)
- Median evaluated for mortgage borrowers

### 2. Debt-to-Income Ratio, 2010
- Axis tick labels shown: 0, 400, 800, 1,200
- Income quintile display: Q1 Q2 Q3 Q4 Q5
- Median evaluated for mortgage borrowers

### 3. Loan Participation versus per Capita GDP, 2013
- X axis = US dollars purchasing power parity
- Axis tick labels shown (X axis): 0, 10, 20, 30, 40, 50, 60, 70, 80, 90
- Y axis label: Participation rate
- Secondary axis label: log (Real GDP per capita)
- Additional tick labels: 7 8 9 10 11 12 (presented near log axis)

### 4. Mortgage Participation Rate and Overall Participation Rate, 2013
- Axis tick labels shown: 0, 20, 40, 60, 80
- Series displayed: Mortgage participation rate; Overall participation rate
- Group labels: Q1 Q5
- Note: Dashed lines denote the 45-degree line

### 5. Median Debt-to-Income Ratio and Household Debt-to-GDP Ratio, 2013
- Axis tick labels shown: 0, 100, 200, 300, 400
- Secondary axis tick labels shown: 0, 50, 100, 150
- Group labels: 0, 50, 100, 150 (additional scale markers present)
- Note: Dashed lines denote the 45-degree line

### 6. Household Debt-to-GDP Ratio and Debt-to-Assets Ratio
- Time-series tick labels shown: 1995 2000 05 10 15
- Left scale label: Household debt-to-GDP ratio (left scale)
- Right scale label: Household debt-to-assets ratio (right scale)
- Subsample: 18 OECD countries with data available since 1995

Notes from figure:
- Panels 1 and 2 show the cross-country dispersion across income quintiles, evaluated at the median for mortgage borrowers (quintile 1 to quintile 5, from lowest to highest income).
- Dashed lines in panels 4 and 5 denote the 45-degree line.
- For country coverage, see Annex 2.1.
- AEs = advanced economies; EMEs = emerging market economies.

*Sources: Bank for International Settlements; country panel surveys; Euro Area Housing Finance Network; Luxembourg Wealth Study; Organisation for Economic Co-operation and Development (OECD); US Survey of Consumer Finance; and IMF staff calculations.*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2017/october/chapter-2/pdf-data/figure2-4.pdf_