6  BIS Review 6/2002  Household debt to household financial assets ratios 1990  1995  2001  1990-2001 change  1995-2001 change  US  25.0  23.6  23.8  – 1.2  0.2  Japan  3.4  32.7  27.1  – 6.3  – 5.6  Germany  34.9  42.5  41.1  6.2  – 1.4  France  40.3  25.8  17.3  – 23.0  – 8.5  UK  35.6  24.9  24.4  – 11.2  – 0.5  Italy  12.9  12.9  12.9  0.0  0.4  G6  30.4  27.0  24.4  – 5.9  – 2.6  Australia  30.8  36.7  40.4  9.6  3.7  New Zealand  39.1  47.3  64.5  25.4  17.2  Per cent  Source: OECD, national sources, and UBS Warburg.
2001 data are latest estimates based on monthly or quarterly figures, except for NZ, which are 2000 actuals. Unlike most developed countries, in New Zealand houses make up the overwhelming bulk of our relatively modest net wealth.