Key information about European Union Household Debt: % of GDP

• European Union household debt accounted for 44.1 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 44.4 % in the previous quarter.
• EU household debt to GDP ratio is updated quarterly, available from Sep 1997 to Dec 2024.
• The data reached an all-time high of 54.2 % 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 6,956.2 USD bn in Jan 2025.
• Money Supply M2 in EU increased 3.3 % YoY in Jan 2025.
• EU Foreign Exchange Reserves was measured at 297.5 USD bn in Jan 2025.
• The Foreign Exchange Reserves equaled 1.4 Months of Import in Dec 2024.
• EU Domestic Credit reached 25,135.4 USD bn in Dec 2024, representing an increased of 2.7 % YoY.

The value of loans In the Euro Area increased 2 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Euro Area Private Credit Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Households Debt In the Euro Area decreased to 51.50 percent of GDP in the fourth quarter of 2024 from 51.70 percent of GDP in the third quarter of 2024. This dataset provides - Euro Area Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks are expected to keep increasing the supply of loans and advances to households in the European Union. By 2024, the value of outstanding lending to households is forecast to reach over *** trillion euros. In 2022, the total value of household credit owned by banks was **** trillion euros. Meanwhile, Greece and Denmark were some of the European countries with the lowest expected growth rates in household lending in 2022.

Key information about European Union Household Debt

• European Union Household Debt reached 6,956.2 USD bn in Jan 2025, compared with the reported number of 6,921.4 USD bn in the previous month
• EU Household Debt: USD mn data is updated monthly, available from Jan 1999 to Jan 2025
• The data reached an all-time high of 7,744.8 USD bn in Apr 2011 and a record low of 2,500.5 USD bn in Oct 2000

CEIC converts monthly Household Debt into USD. European Central Bank provides Household Debt in EUR. The Federal Reserve Board period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Mortgages and Consumer Loans.


Further information about European Union Household Debt

• In the latest reports, European Union Household Debt accounted for 44.1 % of the country's Nominal GDP in Dec 2024
• Money Supply M2 in European Union increased 16,206.2 USD bn YoY in Jan 2025
• European Union Foreign Exchange Reserves was measured at 297.5 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 1.4 Months of Import in Dec 2024
• European Union Domestic Credit reached 25,343.8 USD bn in Nov 2024, representing an increased of 0.7 % YoY

The Italian mortgage market has grown substantially since 2014, with the value of mortgages outstanding increasing by about 62 billion euros until 2024. In the first quarter of 2014, the value of mortgages outstanding amounted to 359 billion euros and in the second quarter of 2024, it exceeded 421 billion euros. Mortgage interest rates in Italy The mortgage interest rates in Italy decreased significantly, falling to record lows, before rising dramatically in 2022. The period of decline in mortgage interest rates probably helped revive the residential real estate market in the country, which suffered after the financial crisis of 2008. In fact, the number of transactions in the sector increased steadily since 2013. A regional overview In some areas of the country, the residential real estate market appears to be more dynamic than in others. In fact, in 2022, the North-West of Italy accounted for more than one third of all transactions in the sector. When looking closely at the single regions, Lombardy was the most active, with more than 165,000 transactions registered. The second most prolific market was found in the region of Lazio, which recorded approximately 77 thousand transactions.

Key information about European Union Total Loans Growth

• European Union Total Loans Growth was reported at 3.91 % in Jan 2025
• This records an increase from the previous number of 3.10 % for Dec 2024
• European Union Total Loans Growth data is updated monthly, averaging 3.56 % from Sep 1998 to Jan 2025, with 317 observations
• The data reached an all-time high of 13.37 % in Oct 2007 and a record low of -6.36 % in Oct 2009
• European Union Total Loans Growth data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Total Loans: Y-o-Y Growth: Monthly

CEIC calculates monthly Total Loans Growth from monthly Total Loans. Total Loans are calculated as the sum of loans to Insurance Corp and Pension Funds, Other Financial Intermediaries, Households, Non Financial Sector, Govenment and Non Euro Area Residents. European Central Bank provides loans to Insurance Corp and Pension Funds, Other Financial Intermediaries, Households, Non Financial Sector, Govenment and Non Euro Area Residents in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. Total Loans Growth covers lenders as MFIs, which include Central Bank. Total Loans Growth includes interbank loans.

Since the beginning of 2022, the cost of borrowing for new loans in the European Union increased steadily, reaching a peak of 5.27 percent for businesses in October 2023 and of 4.02 percent for households in November 2023. Rising inflation for the European Central Bank (ECB) to increase its interest rate for the first time since 2016, which will lead to further increases in the cost of borrowing.

Loans to Private Sector In the Euro Area decreased to 5228393 EUR Million in May from 5230837 EUR Million in April of 2025. This dataset provides the latest reported value for - Euro Area Loans to Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Austria MFIs Loans: Euro Area Households: Housing Purposes: Over 1 Year and up to 5 Years data was reported at 3,839.000 EUR mn in Jul 2020. This records an increase from the previous number of 3,789.000 EUR mn for Jun 2020. Austria MFIs Loans: Euro Area Households: Housing Purposes: Over 1 Year and up to 5 Years data is updated monthly, averaging 4,207.000 EUR mn from Sep 2001 (Median) to Jul 2020, with 227 observations. The data reached an all-time high of 6,173.000 EUR mn in Nov 2012 and a record low of 1,925.000 EUR mn in Jun 2002. Austria MFIs Loans: Euro Area Households: Housing Purposes: Over 1 Year and up to 5 Years data remains active status in CEIC and is reported by Oesterreichische Nationalbank. The data is categorized under Global Database’s Austria – Table AT.KB001: Monetary Financial Institutions: Loans.

Austria MFIs Loans: Euro Area Households: Housing Purposes: Over 5 Years data was reported at 115,261.000 EUR mn in Jul 2020. This records an increase from the previous number of 114,556.000 EUR mn for Jun 2020. Austria MFIs Loans: Euro Area Households: Housing Purposes: Over 5 Years data is updated monthly, averaging 72,760.000 EUR mn from Sep 2001 (Median) to Jul 2020, with 227 observations. The data reached an all-time high of 115,261.000 EUR mn in Jul 2020 and a record low of 26,325.000 EUR mn in Sep 2001. Austria MFIs Loans: Euro Area Households: Housing Purposes: Over 5 Years data remains active status in CEIC and is reported by Oesterreichische Nationalbank. The data is categorized under Global Database’s Austria – Table AT.KB001: Monetary Financial Institutions: Loans.

Finland MFIs Loans: Euro Area: in EUR: NF: Households: Consumer Credit & Others data was reported at 33,069.871 EUR mn in Oct 2018. This records an increase from the previous number of 33,058.640 EUR mn for Sep 2018. Finland MFIs Loans: Euro Area: in EUR: NF: Households: Consumer Credit & Others data is updated monthly, averaging 27,426.336 EUR mn from Jan 2003 (Median) to Oct 2018, with 190 observations. The data reached an all-time high of 33,069.871 EUR mn in Oct 2018 and a record low of 15,460.620 EUR mn in Jan 2003. Finland MFIs Loans: Euro Area: in EUR: NF: Households: Consumer Credit & Others data remains active status in CEIC and is reported by Bank of Finland. The data is categorized under Global Database’s Finland – Table FI.KB003: Monetary Financial Institutions Loans: Non Financial Corporations. Households include Non-Profit Institutions Serving Households (NPISH).

Finland MFIs Loans: Euro Area: in EUR: NF: Households: Memo Item: Consumer Credit data was reported at 15,873.487 EUR mn in Oct 2018. This records an increase from the previous number of 15,819.101 EUR mn for Sep 2018. Finland MFIs Loans: Euro Area: in EUR: NF: Households: Memo Item: Consumer Credit data is updated monthly, averaging 12,540.224 EUR mn from Jan 2003 (Median) to Oct 2018, with 190 observations. The data reached an all-time high of 15,873.487 EUR mn in Oct 2018 and a record low of 6,503.334 EUR mn in Jan 2003. Finland MFIs Loans: Euro Area: in EUR: NF: Households: Memo Item: Consumer Credit data remains active status in CEIC and is reported by Bank of Finland. The data is categorized under Global Database’s Finland – Table FI.KB003: Monetary Financial Institutions Loans: Non Financial Corporations. Households include Non-Profit Institutions Serving Households (NPISH).

The statistic shows the inflation rate in the European Union and the Euro area from 2019 to 2022, with projections up until 2029. The term inflation, also known as currency devaluation (drop in the value of money), is characterized by a steady rise in prices for finished products (consumer goods, capital goods). The consumer price index tracks price trends of private consumption expenditure, and shows an increase in the index's current level of inflation. In 2022, the inflation rate in the EU was about 9.32 percent compared to the previous year. The economic situation in the European Union and the euro area The ongoing Eurozone crisis, which initially emerged in 2009, has dramatically affected most countries in the European Union. The crisis primarily prevented many countries from refinancing their debt without help from a third party and slowed economic growth throughout the entire EU. As a result, general gross debt escalated annually in the euro area and more prominently in the EU. The collective sum of debt is most likely going to continue, given the current global economic situation as well as Europe’s recovering, however struggling economy. Struggles are primarily evident in the EU’s budget balance, which saw itself in the negative every year over the same timeframe as the eurozone crisis, although the balances improved on a yearly basis. Despite economical struggles, the EU still grew in population almost every year over the past decade, primarily due to a high standard of living and job opportunities, compared to many of its surrounding neighbors.

Finland MFIs Loans: Euro Area: in EUR: NF: Households: Consumer Credit & Others: ow Finnish Households data was reported at 31,692.157 EUR mn in Oct 2018. This records an increase from the previous number of 31,677.274 EUR mn for Sep 2018. Finland MFIs Loans: Euro Area: in EUR: NF: Households: Consumer Credit & Others: ow Finnish Households data is updated monthly, averaging 25,988.046 EUR mn from Jan 2003 (Median) to Oct 2018, with 190 observations. The data reached an all-time high of 31,692.157 EUR mn in Oct 2018 and a record low of 14,844.580 EUR mn in Jan 2003. Finland MFIs Loans: Euro Area: in EUR: NF: Households: Consumer Credit & Others: ow Finnish Households data remains active status in CEIC and is reported by Bank of Finland. The data is categorized under Global Database’s Finland – Table FI.KB003: Monetary Financial Institutions Loans: Non Financial Corporations. Households include Non-Profit Institutions Serving Households (NPISH).

Austria MFIs Loans: Euro Area Households: Consumer data was reported at 18,278.000 EUR mn in Mar 2025. This records an increase from the previous number of 17,684.000 EUR mn for Feb 2025. Austria MFIs Loans: Euro Area Households: Consumer data is updated monthly, averaging 21,431.000 EUR mn from Dec 1998 (Median) to Mar 2025, with 316 observations. The data reached an all-time high of 30,131.000 EUR mn in Sep 2006 and a record low of 15,186.000 EUR mn in Dec 1998. Austria MFIs Loans: Euro Area Households: Consumer data remains active status in CEIC and is reported by Oesterreichische Nationalbank. The data is categorized under Global Database’s Austria – Table AT.KB001: Monetary Financial Institutions: Loans. [COVID-19-IMPACT]

In December 2023, France stood out as the European Union country with the highest volume of loans to households and non-financial organizations as a share of its gross domestic product (GDP). Meanwhile, the volume of loans in Germany amounted to approximately ** percent of its GDP. On the other side of the spectrum, Poland and Romania were the countries with the lowest levels of indebtedness. Denmark was the EU country with the highest household debt to gross disposable income ratio.

This dataset provides values for INTEREST RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The Monetary Intermediation industry has experienced a significant change in recent years. It previously contended with the ultra-low interest rate environment following the financial crisis of 2008 and is now benefitting from aggressive rate rises in the face of spiralling inflation. Industry revenue is expected to grow at a compound annual rate of 12.2% over the five years through 2024 to €392.4 billion, including an estimated growth of 3.7% in 2024, while the average industry profit margin is anticipated to be 34.3%. The rising base rate environment allowed lenders to raise the interest charged on their loans, ratcheting up interest income in the two years through 2023 and supporting revenue growth. This was particularly beneficial to retail investors who earn a large chunk of their revenue from lending. However, banks must also contend with rising deposit costs, as customers put pressure to pass on greater savings rates in the rising base rate environment, threatening profitability. Revenue is expected to grow at a compound annual rate of 1.2% over the five years through 2029 to €415.5 billion, while the average industry profit margin is forecast to reach 36.3%. Challenger banks are set to chip away at demand for traditional lenders as they emphasise the customer experience and personalised services. Profitability will also be hit by intensifying deposit competition in the coming years.

Europe Home Mortgage Finance Market was valued at $ 1.85 Trn in 2024 and is projected to reach $ 2.73 Trn by 2032, growing at a CAGR of 5.7% from 2026-2032.Europe Home Mortgage Finance Market Definition/ OverviewHome mortgage finance is a loan offered by financial institutions to individuals to purchase residential homes. Borrowers repay the loan with interest over a certain period while using their home as collateral. It promotes homeownership by spreading expenditures over time, making real estate more affordable. Mortgage options include fixed-rate, adjustable-rate, and government-backed loans.Home mortgage financing is commonly used to purchase homes, refinance existing loans, and pay repairs. It enables individuals to purchase property without making full upfront payments, boosting financial stability. Lenders evaluate credit ratings, income, and debt-to-income ratios before approving. Mortgage financing is also used by businesses and investors to purchase rental properties, boosting potential for long-term capital creation and portfolio diversification.The future of residential mortgage financing will be driven by digital lending platforms, blockchain-based transactions, and AI-powered credit assessments. Sustainable mortgages promoting energy-efficient housing will gain traction. Government initiatives may enhance affordability, especially for first-time buyers. With evolving financial technology, mortgage approval and management will become more streamlined, improving accessibility and reducing processing time for borrowers.