European Union Household Debt: % of GDP
Key information about European Union Household Debt: % of GDP
- European Union household debt accounted for 46.3 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 46.8 % in the previous quarter.
- EU household debt to GDP ratio is updated quarterly, available from Sep 1997 to Dec 2023.
- The data reached an all-time high of 54.6 % in Jun 2010 and a record low of 38.9 % in Sep 1997.
CEIC calculates quarterly Household Debt as % of Nominal GDP from monthly Household Debt and quarterly Nominal GDP. European Central Bank provides Household Debt in EUR. Eurostat provides Nominal GDP in EUR. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Mortgages and Consumer Loans.
Related information about European Union Household Debt: % of GDP
- In the latest reports, EU Household Debt reached 7,156.8 USD bn in Feb 2024.
- Money Supply M2 in EU dropped 0.7 % YoY in Feb 2024.
- EU Foreign Exchange Reserves was measured at 296.9 USD bn in Mar 2024.
- The Foreign Exchange Reserves equaled 1.3 Months of Import in Feb 2024.
- EU Domestic Credit reached 25,578.9 USD bn in Jan 2024, representing an drop of 0.9 % YoY.
View European Union's Household Debt: % of GDP from Sep 1997 to Dec 2023 in the chart:
What was European Union's Household Debt: % of GDP in Dec 2023?
European Union household debt accounted for 46.3 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 46.8 % in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
46.3 Dec 2023 | 46.8 Sep 2023 | 38.9 Sep 1997 | 54.6 Jun 2010 | % | quarterly | Sep 1997 - Dec 2023 |
Household Debt: % of GDP by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 11.8 Sep 2023 | quarterly | Dec 2008 - Sep 2023 |
Argentina (%) | 3.9 Dec 2023 | quarterly | Dec 2004 - Dec 2023 |
Armenia (%) | 25.3 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
Australia (%) | 116.6 Mar 2023 | quarterly | Jun 1988 - Mar 2023 |
Austria (%) | 45.9 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Azerbaijan (%) | 11.4 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
Belarus (%) | 9.9 Mar 2024 | quarterly | Dec 2006 - Mar 2024 |
Belgium (%) | 60.2 Dec 2023 | quarterly | Dec 1992 - Dec 2023 |
Bolivia (%) | 11.3 Dec 2022 | quarterly | Sep 2010 - Dec 2022 |
Bosnia and Herzegovina (%) | 24.1 Dec 2023 | quarterly | Dec 2008 - Dec 2023 |
Botswana (%) | 20.2 Dec 2023 | quarterly | Dec 2002 - Dec 2023 |
Brunei (%) | 14.4 Dec 2023 | quarterly | Dec 2013 - Dec 2023 |
Bulgaria (%) | 27.4 2022 | yearly | 1995 - 2022 |
Cambodia (%) | 36.0 2022 | yearly | 2008 - 2022 |
Canada (%) | 101.2 Dec 2023 | quarterly | Mar 1969 - Dec 2023 |
Chile (%) | 40.4 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
China (%) | 63.3 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
Colombia (%) | 32.3 Dec 2023 | quarterly | Dec 2015 - Dec 2023 |
Croatia (%) | 32.1 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
Cyprus (%) | 88.2 2022 | yearly | 1995 - 2022 |
Czech Republic (%) | 36.8 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Denmark (%) | 86.8 2022 | yearly | 1994 - 2022 |
Ecuador (%) | 16.8 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
Egypt (%) | 7.8 Dec 2023 | quarterly | Dec 2002 - Dec 2023 |
Estonia (%) | 38.4 Dec 2023 | quarterly | Dec 2003 - Dec 2023 |
European Union (%) | 46.3 Dec 2023 | quarterly | Sep 1997 - Dec 2023 |
Finland (%) | 74.7 2023 | yearly | 1995 - 2023 |
France (%) | 75.1 2022 | yearly | 1977 - 2022 |
Georgia (%) | 36.9 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
Germany (%) | 52.2 Dec 2023 | quarterly | Dec 1991 - Dec 2023 |
Greece (%) | 47.1 Sep 2023 | quarterly | Dec 1997 - Sep 2023 |
Hong Kong SAR, China (%) | 92.7 Dec 2023 | quarterly | Mar 1982 - Dec 2023 |
Hungary (%) | 20.2 Dec 2023 | quarterly | Dec 1995 - Dec 2023 |
Iceland (%) | 73.2 Dec 2023 | quarterly | Dec 1995 - Dec 2023 |
India (%) | 14.8 2023 | yearly | 1998 - 2023 |
Indonesia (%) | 9.7 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
Ireland (%) | 30.2 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Israel (%) | 42.4 Dec 2023 | quarterly | Dec 1995 - Dec 2023 |
Italy (%) | 49.3 Sep 2023 | quarterly | Dec 1995 - Sep 2023 |
Japan (%) | 65.5 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
Jordan (%) | 81.3 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Kazakhstan (%) | 15.1 Sep 2023 | quarterly | Dec 1997 - Sep 2023 |
South Korea (%) | 103.5 Dec 2023 | quarterly | Dec 2002 - Dec 2023 |
Kosovo (%) | 19.8 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
Kuwait (%) | 0.7 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
Kyrgyzstan (%) | 7.0 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
Latvia (%) | 20.1 Sep 2023 | quarterly | Mar 2004 - Sep 2023 |
Lithuania (%) | 23.1 Dec 2023 | quarterly | Dec 1995 - Dec 2023 |
Luxembourg (%) | 69.2 Dec 2023 | quarterly | Dec 1995 - Dec 2023 |
Macau SAR, China (%) | 87.1 Dec 2023 | quarterly | Dec 2001 - Dec 2023 |
North Macedonia (%) | 27.3 Dec 2023 | quarterly | Mar 2003 - Dec 2023 |
Malawi (%) | 0.3 2011 | yearly | 2006 - 2011 |
Malaysia (%) | 84.2 2023 | yearly | 2002 - 2023 |
Malta (%) | 43.0 Dec 2023 | quarterly | Dec 2003 - Dec 2023 |
Mauritius (%) | 20.6 Jun 2018 | quarterly | Mar 2009 - Jun 2018 |
Mexico (%) | 16.3 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
Mongolia (%) | 22.3 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Montenegro (%) | 24.7 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
Morocco (%) | 25.3 2022 | yearly | 2001 - 2022 |
Netherlands (%) | 92.4 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
New Zealand (%) | 91.5 Dec 2023 | quarterly | Dec 1990 - Dec 2023 |
Norway (%) | 91.5 Dec 2023 | quarterly | Dec 1995 - Dec 2023 |
Panama (%) | 38.0 Dec 2023 | quarterly | Dec 2007 - Dec 2023 |
Peru (%) | 16.9 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
Philippines (%) | 10.8 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
Poland (%) | 24.0 Dec 2023 | quarterly | Dec 2003 - Dec 2023 |
Portugal (%) | 66.3 Dec 2023 | quarterly | Dec 1999 - Dec 2023 |
Romania (%) | 14.7 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Russia (%) | 20.6 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
Saudi Arabia (%) | 11.7 Dec 2023 | quarterly | Dec 2003 - Dec 2023 |
Serbia (%) | 18.1 Dec 2023 | quarterly | Dec 2003 - Dec 2023 |
Singapore (%) | 54.1 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Slovakia (%) | 46.0 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Slovenia (%) | 27.6 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
South Africa (%) | 40.8 Dec 2023 | quarterly | Mar 1969 - Dec 2023 |
Spain (%) | 50.6 Dec 2023 | quarterly | Dec 1989 - Dec 2023 |
Sri Lanka (%) | 6.5 Jun 2023 | quarterly | Dec 2010 - Jun 2023 |
Sweden (%) | 86.7 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Switzerland (%) | 129.9 2023 | yearly | 1999 - 2023 |
Syria (%) | 14.6 2011 | yearly | 2004 - 2011 |
Taiwan (%) | 88.7 2022 | yearly | 2000 - 2022 |
Thailand (%) | 86.6 Sep 2023 | quarterly | Mar 2003 - Sep 2023 |
Tunisia (%) | 0.0 2020 | yearly | 2007 - 2020 |
Turkey (%) | 11.3 Dec 2023 | quarterly | Dec 2014 - Dec 2023 |
Ukraine (%) | 3.6 Dec 2023 | quarterly | Dec 2002 - Dec 2023 |
United Arab Emirates (%) | 106.2 2021 | yearly | 2013 - 2021 |
United Kingdom (%) | 83.5 Dec 2023 | quarterly | Mar 1987 - Dec 2023 |
United States (%) | 64.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Uruguay (%) | 11.3 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
Venezuela (%) | 3.4 2017 | yearly | 2004 - 2017 |
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Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 3.7 2017 | yearly | 2008 - 2017 |
Household Debt: % of GDP (%) | 46.3 Dec 2023 | quarterly | Sep 1997 - Dec 2023 |
Money Supply M1 (USD mn) | 11,075,609.036 Feb 2024 | monthly | Jan 1999 - Feb 2024 |
Money Supply M2 (USD mn) | 16,324,970.942 Feb 2024 | monthly | Jan 1999 - Feb 2024 |
M2 Growth (%) | -0.7 Feb 2024 | monthly | Jan 1981 - Feb 2024 |
Reserve Requirement Ratio (%) | 1.0 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Foreign Exchange Reserves (USD mn) | 296,927.3 Mar 2024 | monthly | Dec 1999 - Mar 2024 |
Foreign Exchange Reserves: % of GDP (%) | 1.902 Dec 2023 | quarterly | Dec 1999 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 1.3 Feb 2024 | monthly | Jan 2002 - Feb 2024 |
Total Deposits (USD mn) | 16,381,038.314 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Total Deposits Growth (%) | 0.7 Feb 2024 | monthly | Sep 1998 - Feb 2024 |
Domestic Credit (USD mn) | 25,537,491.1 Feb 2024 | monthly | Jan 1999 - Feb 2024 |
Domestic Credit Growth (%) | -1.5 Feb 2024 | monthly | Sep 1998 - Feb 2024 |
Household Debt (USD mn) | 7,156,214.5 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Total Loans (USD mn) | 19,720,979.295 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Total Loans Growth (%) | 0.51 Mar 2024 | monthly | Sep 1998 - Mar 2024 |
Private Debt: % of Nominal GDP (%) | 81.86 Dec 2023 | quarterly | Sep 1997 - Dec 2023 |
Money Supply M3: Outstanding (EUR bn) | 16,056.632 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
Money Supply M1: swda: Outstanding (EUR bn) | 10,243.652 Mar 2024 | monthly | Jan 1980 - Mar 2024 |
Money Supply M2: Outstanding (EUR bn) | 15,042.820 Feb 2024 | monthly | Jan 1980 - Feb 2024 |
Money Supply M1: Outstanding (EUR bn) | 10,185.683 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
Money Supply M3: swda: Outstanding (EUR bn) | 16,118.106 Feb 2024 | monthly | Jan 1980 - Feb 2024 |
Money Supply M2: swda: Outstanding (EUR bn) | 15,105.923 Feb 2024 | monthly | Jan 1980 - Feb 2024 |
Eurosystem: ORA: Foreign Currency Reserves (FCR) (EUR bn) | 275.024 Mar 2024 | monthly | Nov 1999 - Mar 2024 |
Eurosystem: Official Reserve Assets (ORA) (EUR bn) | 1,214.957 Mar 2024 | monthly | Nov 1999 - Mar 2024 |
MFIs Loans: Outstanding: Households: Consumer Credit (CS) (EUR bn) | 686.042 Jan 2019 | monthly | Sep 1997 - Jan 2019 |
MFIs Loans: Outstanding: Households: HP: Over 5 Years (EUR bn) | 4,296.809 Jan 2019 | monthly | Sep 1997 - Jan 2019 |
MFIs Deposits: Outstanding: Households (EUR bn) | 9,197.414 Mar 2024 | monthly | Sep 1997 - Mar 2024 |
MFIs Deposits: Outstanding: Non Financial Corp (NFC) (EUR bn) | 3,472.778 Mar 2024 | monthly | Sep 1997 - Mar 2024 |
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