S. Korea ranked 2nd in world for household debt-to-GDP ratio growth: IIF

한국 GDP 대비 가계•기업부채 비율 증가속도 세계 2위

South Korea's household debt-to-GDP ratio is growing at the second fastest pace in the world.
According to the Institute of International Finance on Monday, household debt was around ninety-five percent of South Korea's GDP as of the third quarter last year.
That's an increase of almost four percent from the year before.
Apart from China, South Korea's increase was the fastest out of 33 countries and the Eurozone.
South Korea also ranked world second in non-financial business debt-to-GDP ratio growth after Brazil during the same period.

#household_debt #GDP #Finances

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