In comparison with January 2022, the rate of defaulting debtors has increased slightly, from 6.3% to 6.4%
Slight rise in the rate of defaulting debtors
The CRIF rate of defaulting debtors amounts to 6.4% of all private individuals in Switzerland. This represents a slightly higher value than in January 2022, when it was 6.3%. The actual number of over-indebted individuals in Switzerland has grown by 3,615, from 553,344 in January 2022 to 556,959 in July 2022.
High rates of defaulting debtors in western Switzerland, Basel Stadt and Ticino
There are major differences between the various regions. Western Switzerland and Ticino have higher rates of defaulting debtors than the remainder of Switzerland. For example, the Canton of Neuchâtel reports the highest rate of defaulting debtors, at 10.5%, followed by Geneva, at 9.9%, then Basel-Stadt at 8.4%, Vaud at 8.0% and Ticino at 7.7%
Appenzell Innerrhoden has the lowest rate of defaulting debtors
The Canton of Appenzell Innerrhoden is home to the best payers in Switzerland, with the lowest rate of defaulting debtors (at 1.6%). In central Switzerland, while the Cantons of Zug, Uri, Obwalden and Nidwalden also report low rates of defaulting debtors.