Key information about United Kingdom Private Debt: % of Nominal GDP

• United Kingdom Private Debt accounted for 113.96 % of its Nominal GDP in Dec 2024, compared with a ratio of 116.11 % in the previous quarter
• UK Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Jun 1998 to Dec 2024, with an average share of 135.26 %
• The data reached an all-time high of 203.16 % in Mar 2010 and a record low of 101.90 % in Dec 1998

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. Private Debt is calculated as the sum of Private Loans and Private Securities in GBP and Foreign Currency. The Bank of England provides Private Debt in local currency. Office for National Statistics provides Nominal GDP in local currency. Private Debt includes Financial Sector.

Loans to Private Sector in the United Kingdom increased to 2754106 GBP Million in the first quarter of 2025 from 2715830 GBP Million in the fourth quarter of 2024. This dataset provides - United Kingdom Loans to Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Private sector debt includes the stock of liabilities, debt securities and loans, held by non-financial corporations, households and non-profit institutions serving households. Between 1995 and 2018, the value of non-consolidated debt of the private sector in the United Kingdom (UK) increased steadily, reaching its highest value of nearly 3.5 trillion British pounds in 2018. In 2019, this figure decreased slightly. Indebtedness is correlated with rising income levels since borrowing allows an increase in consumption and investment. Nevertheless, overborrowing exposes businesses to risk of changes in economic conditions, interest rates and inflation.

Private Debt to GDP in the United Kingdom decreased to 75.70 percent in 2024 from 79.30 percent in 2023. United Kingdom Private Debt to GDP - values, historical data, forecasts and news - updated on July of 2025.

United Kingdom UK: Domestic Credit: to Private Sector: % of GDP data was reported at 136.203 % in 2017. This records an increase from the previous number of 134.256 % for 2016. United Kingdom UK: Domestic Credit: to Private Sector: % of GDP data is updated yearly, averaging 94.784 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 194.862 % in 2009 and a record low of 17.556 % in 1960. United Kingdom UK: Domestic Credit: to Private Sector: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Bank Loans. Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.; ; International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.; Weighted average;

Graph and download economic data for Outstanding International Private Debt Securities to GDP for United Kingdom (DDDM05GBA156NWDB) from 1980 to 2020 about United Kingdom, debt, securities, private, and GDP.

United Kingdom UK: Monetary Sector Credit to Private Sector: % of GDP data was reported at 120.831 % in 2023. This records a decrease from the previous number of 129.900 % for 2022. United Kingdom UK: Monetary Sector Credit to Private Sector: % of GDP data is updated yearly, averaging 100.120 % from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 192.438 % in 2009 and a record low of 17.339 % in 1960. United Kingdom UK: Monetary Sector Credit to Private Sector: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Bank Loans. Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.;International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.;;

Private credit lending in the United Kingdom (UK) has experienced remarkable growth over the past decade. From a negligible presence in 2010, the market has expanded to reach ** billion U.S. dollars in 2024. This surge reflects the increasing importance of private credit as an alternative financing source for businesses across the UK.

United Kingdom Lending Rate: Outs: Households: Personal Loan (PL) data was reported at 8.240 % pa in Mar 2025. This records a decrease from the previous number of 8.290 % pa for Feb 2025. United Kingdom Lending Rate: Outs: Households: Personal Loan (PL) data is updated monthly, averaging 7.590 % pa from Jan 1999 (Median) to Mar 2025, with 315 observations. The data reached an all-time high of 12.190 % pa in Jan 1999 and a record low of 5.410 % pa in Apr 2021. United Kingdom Lending Rate: Outs: Households: Personal Loan (PL) data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.M002: Lending Rate: Outstanding. [COVID-19-IMPACT]

The United Kingdom: Interest rates on bank credit to the private sector: The latest value from 2014 is 0.5 percent, unchanged from 0.5 percent in 2013. In comparison, the world average is 11.28 percent, based on data from 135 countries. Historically, the average for the United Kingdom from 1967 to 2014 is 7.37 percent. The minimum value, 0.5 percent, was reached in 2010 while the maximum of 16.31 percent was recorded in 1980.

Private Debt to GDP in the United States decreased to 142 percent in 2024 from 147.50 percent in 2023. United States Private Debt to GDP - values, historical data, forecasts and news - updated on July of 2025.

Most of the lending to individuals written-off by financial institutions in the United Kingdom (UK) in the last quarter of 2023 were unsecured loans. Mortgage write-offs only amounted to 27 million British pounds, a fraction of the values for credit cards and other personal loans. Nevertheless, the outstanding value of personal loans secured on dwellings was much higher than that of consumer credit.

Outstanding international private debt securities to GDP (%) in United Kingdom was reported at 104 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Kingdom - Outstanding international private debt securities to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

As of October 2024, monetary financial institutions (MFI) granted most of the lending to individuals in the United Kingdom (UK). Meanwhile, other non-bank lenders gave approximately 275 million British pounds worth of loans just in March 2024. During the past years, non-bank lenders have been increasing their market share. Non-MFI lenders also had a growing market share of the new consumer lending market in the UK.

Graph and download economic data for Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for United Kingdom (QGBPAM770A) from Q1 1963 to Q4 2024 about adjusted, credits, nonfinancial, sector, United Kingdom, and private.

Bank Lending Rate in the United Kingdom remained unchanged at 8.58 percent in May. This dataset provides - United Kingdom Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mortgages made up most of the outstanding lending provided to households in the United Kingdom (UK) in November 2024. While loans excluding overdraft amounted to 67 billion British pounds that month, the value of mortgages reached nearly 1.47 trillion British pounds.

Key information about United Kingdom Debt Service Ratio: Private Non-Financial Sector

• United Kingdom Debt Service Ratio: Private Non-Financial Sector was reported at 13.700 % in Sep 2024
• This records an increase from the previous number of 13.500 % for Jun 2024
• UK Debt Service Ratio: Private Non-Financial Sector data is updated quarterly, averaging 15.600 % from Mar 1999 to Sep 2024, with 103 observations
• The data reached an all-time high of 19.700 % in Dec 2008 and a record low of 13.300 % in Jun 2023
• UK Debt Service Ratio: Private Non-Financial Sector data remains active status in CEIC and is reported by Bank for International Settlements
• The data is categorized under World Trend Plus’s Association: Banking Sector – Table RC.BIS.DSR: G1 Private Non-Financial Sector (PNF): Quarterly

Households Debt in the United Kingdom decreased to 76.30 percent of GDP in the fourth quarter of 2024 from 77.20 percent of GDP in the third quarter of 2024. This dataset provides - United Kingdom Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Debt service ratios for private non-financial sector in the United Kingdom, December, 2024 The most recent value is 13.5 percent as of Q4 2024, a decline compared to the previous value of 13.7 percent. Historically, the average for the United Kingdom from Q1 2000 to Q4 2024 is 15.79 percent. The minimum of 13.3 percent was recorded in Q4 2022, while the maximum of 19.7 percent was reached in Q4 2007. | TheGlobalEconomy.com