Households Debt in the United Kingdom decreased to 75.90 percent of GDP in the first quarter of 2025 from 76.30 percent of GDP in the fourth quarter of 2024. This dataset provides - United Kingdom Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In the first half of 2024, the total value of debt from loans to households in the United Kingdom amounted to approximately ************ British pounds. It was in 2004, when household debt surpassed the ************ British pounds mark. Debts can be formed in a number of ways. The most common forms of debt for households include credit cards, medical debt, student loans, overdrafts, mortgages, automobile financing and personal loans.

Households that have liquidity problems and solvency problems only

Key information about United Kingdom Household Debt: % of GDP

• United Kingdom household debt accounted for 78.7 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 79.4 % in the previous quarter.
• UK household debt to GDP ratio is updated quarterly, available from Mar 1987 to Jun 2025.
• The data reached an all-time high of 107.8 % in Mar 2010 and a record low of 55.5 % in Mar 1987.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. Office for National Statistics provides Household Debt in local currency and Nominal GDP in local currency. Household Debt includes NPISH.


Related information about United Kingdom Household Debt: % of GDP

• In the latest reports, UK Household Debt reached 3,203.9 USD bn in Jun 2025.
• Money Supply M2 in UK increased 3.8 % YoY in Oct 2025.
• UK Foreign Exchange Reserves was measured at 131.6 USD bn in Oct 2025.
• The Foreign Exchange Reserves equaled 1.7 Months of Import in Sep 2025.
• UK Domestic Credit reached 5,369.5 USD bn in Aug 2025, representing an increased of 1.9 % YoY.
• The country's Non Performing Loans Ratio stood at 1.0 % in Dec 2024, compared with the ratio of 1.0 % in the previous year.

In the 4th quarter of 2024, the debt of households in the United Kingdom amounted to ***** percent of their income. This indicator shows the average level of indebtedness of the general population and their ability to repay their debts. The total value of household debt (total liabilities and loans to households) has increased annually since 2000. Debt to income ratio increased during the pandemic As we have seen here, households have been decreasing their indebtedness levels in the past years. However, the volume of new consumer lending actually soared between 2022 and 2024. Meanwhile, the growth rate of mortgages in the UK has remained lower these past years, but it has also shown an increase on amount of lending.

Indebtedness in Europe The household debt of many countries in Europe as a share of their disposable income in 2024 was over 100 percent. That was mostly the case for Northern and Western European countries, such as Norway, the Netherlands, and Denmark. Germany and Austria were some of the largest exceptions, as they were among the few countries in that part of Europe with households' debt representing less than ** percent of their income.

The UK's average credit card debt per household grew by *** British pounds between December 2021 and December 2022, the first increase since 2020. Standing at ***** British pounds at December 2022, the figure contrasts with the decline in 2020 – when the debt declined from ***** British pounds to ***** British pounds. That particular drop was likely a result of Covid-19's economic impact, and consumers trying to get rid of their credit card debt. The increase in 2022 may be caused by growing interest rates and the cost of living crisis beginning to take shape.

Household debt to GDP, in percent in the United Kingdom, March, 2025 The most recent value is 75.9 percent as of March 2025, a decline compared to the previous value of 76.3 percent. Historically, the average for the United Kingdom from March 1999 to March 2025 is 84.8 percent. The minimum of 60.6 percent was recorded in March 1999, while the maximum of 98.2 percent was reached in March 2010. | TheGlobalEconomy.com

Key information about United Kingdom Debt Service Ratio: Households

• United Kingdom Debt Service Ratio: Households was reported at 8.800 % in Mar 2025
• This records a decrease from the previous number of 8.900 % for Dec 2024
• UK Debt Service Ratio: Households data is updated quarterly, averaging 10.700 % from Mar 1999 to Mar 2025, with 105 observations
• The data reached an all-time high of 13.300 % in Sep 2008 and a record low of 8.800 % in Mar 2025
• UK Debt Service Ratio: Households 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: G2 Households (HH) and Non-Profit Institution Serving Households (NPISHs): Quarterly

Attitudes towards savings and debt differ greatly among countries worldwide. While the household debt in Denmark represented a *** percent of their disposable income in 2021, those figures amounted to ** percent in Mexico. Household debt represented a *** percent of disposable income in the UK and *** percent in the U.S..

The United Kingdom recorded a Government Debt to GDP of 93.60 percent of the country's Gross Domestic Product in 2024. This dataset provides - United Kingdom Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about United Kingdom Domestic Credit

• United Kingdom Domestic Credit reached 5,369.5 USD bn in Aug 2025, compared with a reported figure of 5,296.3 USD bn in the previous month
• UK Domestic Credit data is updated monthly
• It is available from Jan 1987 to Aug 2025 and averaged 3,901.3 USD bn
• The data reached an all-time high of 5,660.2 USD bn in May 2021 and a record low of 520.7 USD bn in Jan 1987

CEIC converts monthly Domestic Credit into USD. The International Monetary Fund provides Domestic Credit in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.


Further information about United Kingdom Domestic Credit

• In the latest reports, UK Domestic Credit represented an increased of 1.9 % YoY in Aug 2025
• Money Supply M2 in UK increased to 4,177.4 USD bn YoY in Oct 2025
• UK Foreign Exchange Reserves was measured at 131.6 USD bn in Oct 2025
• The Foreign Exchange Reserves equaled 1.7 Months of Import in Sep 2025
• The country's Non Performing Loans Ratio stood at 1.0 % in Dec 2024, compared with the ratio of 1.0 % in the previous year
• Household Debt of UK reached 78.7 % in Jun 2025, accounting for 78.7 % of the country's Nominal GDP

This statistic shows household gross debt as a share of income in the United Kingdom (UK) from first quarter 2017 to the first quarter 2024. Such debt is expected to show year on year growth until the end of the period.

Graph and download economic data for Outstanding Domestic Private Debt Securities to GDP for United Kingdom (DDDM03GBA156NWDB) from 1996 to 2011 about United Kingdom, debt, domestic, securities, private, and GDP.

Public sector net debt amounted to 93.5 percent of gross domestic product in the United Kingdom during the 2024/25 financial year. Following the COVID-19 pandemic, UK government debt has reached levels not seen since the early 1960s, due to a significant increase in borrowing in 2020/21. After peaking at 251.7 percent shortly after the end of the Second World War, government debt in the UK gradually fell, before a sharp increase in the late 2000s at the time of the global financial crisis. Debt not expected to start falling until 2029/30 In 2024/25, the UK's government expenditure was approximately 1.28 trillion pounds, around 44 percent of GDP. This spending was financed by 1.14 trillion pounds of revenue raised, and almost 150 billion pounds of borrowing. Although the UK government can continue to borrow money to finance its spending, the amount spent on debt interest has increased significantly in recent years. Current forecasts suggest that while the debt is eventually expected to start declining, this is based on falling government deficits in the next five years. Government facing hard choices Hitting fiscal targets, such as reducing the national debt, will require a careful balancing of the books from the current government, and the possibility for either spending cuts or tax rises. Although Labour ruled out raising the main government tax sources, Income Tax, National Insurance, and VAT, at the 2024 election, they did raise National Insurance for employers (rather than employees) and also cut Winter Fuel allowances for large numbers of pensioners. Less than a year after implementing cuts to Winter Fuel, the government performed a U-Turn on the issue, and also held back on more significant cuts to welfare.

United Kingdom - Debt service ratio Households & NPISHs

Information on the total amount of debt has been complemented by details on the overall number of County Court Judgments (CCJs) together with supplementary breakdowns by amount. Source: Registry Trust Ltd (RTL) Publisher: Neighbourhood Statistics Geographies: Middle Layer Super Output Area (MSOA), Local Authority District (LAD), Government Office Region (GOR), National Geographic coverage: England and Wales Time coverage: 2003 to 2005 Type of data: Administrative data Notes: In all cases the figures refer to judgments taken out against individuals for outstanding personal debts of 1pound or more.

Key information about United Kingdom Domestic Credit Growth

• United Kingdom Domestic Credit shrunk by 1.3 % YoY in Dec 2024, compared with an increase of 1.7 % YoY in the previous month
• UK Domestic Credit Growth YoY data is updated monthly
• It averaged 7.2 %, available from Jan 1988 to Dec 2024
• The data reached an all-time high of 27.2 % in Aug 1989 and a record low of -6.0 % in Mar 2014

CEIC calculates Domestic Credit Growth from monthly Domestic Credit. The International Monetary Fund provides Domestic Credit in local currency.


Further information about United Kingdom Domestic Credit Growth

• In the latest reports, UK Domestic Credit reached 4,866.2 USD bn in Dec 2024
• Money Supply M2 in UK increased to 3,858.8 USD bn YoY in Dec 2024
• UK Foreign Exchange Reserves was measured at 112.5 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 1.4 Months of Import in Oct 2024
• The country's Non Performing Loans Ratio stood at 1.0 % in Dec 2022, compared with the ratio of 1.0 % in the previous year
• Household Debt of UK reached 81.6 % in Sep 2024, accounting for 81.6 % of the country's Nominal GDP

This statistic illustrates the share of adults with a personal loan in the United Kingdom (UK) in 2020 by amount borrowed. It can be seen that most of the respondents who could answer to the question had taken out a personal or car loan of over ten British pounds. Less than ten percent of respondents had borrowed less than one thousand British pounds.

United Kingdom UK: Households: Liabilities: Debt: Others data was reported at 88,330.000 GBP mn in 2017. This records an increase from the previous number of 77,646.000 GBP mn for 2016. United Kingdom UK: Households: Liabilities: Debt: Others data is updated yearly, averaging 88,330.000 GBP mn from Dec 2005 (Median) to 2017, with 11 observations. The data reached an all-time high of 125,378.000 GBP mn in 2008 and a record low of 63,197.000 GBP mn in 2015. United Kingdom UK: Households: Liabilities: Debt: Others data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s UK – Table UK.IMF.FSI: Sectoral Financial Statement: Balance Sheet: Annual.

Number and percent of families in arrears on at least one household bill. This dataset is one of the Greater London Authority's measures of Economic Fairness. Click here to find out more.