Increase in the rate of defaulting debtors in Switzerland to 5.6%

Increase in the rate of defaulting debtors
The CRIF rate of defaulting debtors among individuals in Switzerland stands at 5.6%. This corresponds to a 0.3% growth compared with 2016, when the rate of defaulting debtors was 5.3%. The number of defaulting debtors in Switzerland has increased once again, from 441,706 in 2016 to 471,816 in 2017.

The rate of defaulting debtors has worsened in all cantons, with clear differences between the individual cantons. The worst payers live in the Geneva Canton, with a rate of defaulting debtors of 9.2%, followed by Neuch√Ętel (9.1%), Basel-Stadt (7.6%) and Vaud (7.3%). The best payers in Switzerland are found in the Canton of Appenzell Innerrhoden, which boasts the lowest rate of defaulting debtors of 1.4%. In central Switzerland, the cantons of Uri, Nidwalden, Obwalden and Zug also have low rates of defaulting debtors.

Cities with high rates of defaulting debtors
In general, cities have a higher rate of defaulting debtors than rural areas. The worst rate of defaulting debtors is found in Chaux-de-Fonds with 11.7%, followed by Biel (10.7%) and Geneva (10.0%). In the German-speaking part of Switzerland, the highest rate is seen in the city of Basel, with a rate of defaulting debtors of 7.7%, followed by St. Gallen (7.1%) and Sion (6.8%). Zurich, Switzerland's largest city, with a rate of defaulting debtors of 5.5%, is just under the Swiss average. Among the cities examined, Uster (3.7%), Thun (4.6%) and Lugano (4.8%) have the lowest rates of defaulting debtors.

Notable gap between urban and rural areas
If the rates of defaulting debtors for the largest cities are compared with the corresponding canton, it emerges that Biel, with 10.7%, has a rate which is double that of the Canton of Bern, with 5%. A gap between urban and rural areas is also seen in the Canton of St. Gallen: the city has a rate of defaulting debtors of 7.1%, whereas the canton has just 5%. An exception to this is the city of Lugano, with a rate of 4.8% compared to 6.8% for the Canton of Ticino.

*CRIF rate of defaulting debtors
For the purposes of determining the CRIF rate of defaulting debtors, all individuals were taken into consideration that had enforcement proceedings following requests for continued enforcement, bankruptcies and loss certificates. CRIF obtains this information from 500 companies across Switzerland. The survey was carried out on January 31, 2017.