Debt of Households (2007 - 2024)

The household indebtedness ratio presents the total outstanding debt of households as a percentage of gross disposable income of households. The debt of households largely consists of loans, primarily home mortgage loans, but also other types of liabilities such as consumer credit(e.g. credit card, automobile loans).An indebtedness ratio above (below) 100 percent indicates that the household debt outstanding is larger (smaller) than the annual flow of disposable income. It is clear that high household indebtedness ratios, as is true for high government debt ratios, may create a certain risk or vulnerability for households, especially when it is unevenly distributed across different groups of households. On the other hand however, one should also take into account the availability of assets, e.g. dwellings, for which the borrowing has been made. Following the 2008 SNA definition, debt is obtained as the sum of the following liability categories, whenever available / applicable in the financial balance sheet of the households sector: currency and deposits (AF2), debt securities (AF3), loans (AF4), insurance, pension, and standardised guarantees (AF6), and other accounts payable (AF8).This indicator for quarterly data is calculated as the ratio of debt over the 4-quarter rolling sum of gross disposable income for the sector households and NPISH (S14+S15); for annual data it is the ratio of debt over the annualised value of gross disposable income for the sector households and NPISH (S14+S15).

Quarterly data for Debt of Households (Percentage of household gross disposable income) between the first quarter of 2007 and 2024 for United States, Japan, Germany, United Kingdom, France, Italy, Canada, Australia, Spain, Netherlands, Sweden, Poland, Belgium, Norway, Ireland, Austria, Denmark, Finland, Czechia, Portugal, Greece, Hungary, Chile, Slovenia, OECD and G7.