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.

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.

• 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.

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

The ratio of national debt to gross domestic product (GDP) of the United Kingdom was 101.23 percent in 2024. From 1980 to 2024, the ratio rose by 58.71 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the ratio will rise by 4.19 percentage points, showing an overall upward trend with periodic ups and downs.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

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.

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.

Graph and download economic data for Outstanding International Public Debt Securities to GDP for United Kingdom (DDDM06GBA156NWDB) from 1980 to 2020 about public, United Kingdom, debt, securities, and GDP.

United Kingdom UK: Gross Public Debt: % of GDP: General Government: Domestic Currency data was reported at 91.072 % in Mar 2018. This records a decrease from the previous number of 92.625 % for Dec 2017. United Kingdom UK: Gross Public Debt: % of GDP: General Government: Domestic Currency data is updated quarterly, averaging 47.344 % from Mar 1995 (Median) to Mar 2018, with 93 observations. The data reached an all-time high of 93.966 % in Dec 2015 and a record low of 37.747 % in Mar 2000. United Kingdom UK: Gross Public Debt: % of GDP: General Government: Domestic Currency data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: QPSD: Gross Public Debt: % of GDP: General Government.

This statistic shows the general government gross consolidated debt (national debt) as a percentage of gross domestic product (GDP) in the United Kingdom (UK) from fiscal year 2000/01 to 2018/19. After 2002/03, national debt as a percentage of GDP rose continuously over the remainder of the period to a peak in 2016/17.

In the third quarter of 2024, Greece's national debt was the highest in all the European Union, amounting to 158 percent of Greece's gross domestic product. In spite of Greece's total being high by EU standards, it marks a substantial decrease from the historical high point reached by the country's national debt of 207 percent of GDP in 2020. Italy, France, Spain, Belgium, and Portugal also all have government debt worth over one year's production of their economies, while the small Baltic country of Estonia has the smallest national debt when compared with GDP, at only 24 percent. In debitum incrementum?A country’s national debt, also known as government debt or public debt, is defined as all borrowings owed by the government of a country. It usually comprises internal debt – owed to other governmental departments – and external debt, which is held by the public and is owed to government bond owners. National debt can be caused by a struggling economy in general, or by low tax income, which usually leads to money being borrowed from other governments for support, which in turn cannot be paid back right away. At first glance, a high national debt is not always a sign of a struggling economy – but since increasing debt can slow down economic growth significantly, it is imperative for the respective government to seek a steady reduction in the long run.

United Kingdom UK: Gross Public Debt: % of GDP: General Government: Domestic Creditors data was reported at 60.713 % in Mar 2018. This records a decrease from the previous number of 61.528 % for Dec 2017. United Kingdom UK: Gross Public Debt: % of GDP: General Government: Domestic Creditors data is updated quarterly, averaging 39.668 % from Mar 1995 (Median) to Mar 2018, with 93 observations. The data reached an all-time high of 67.307 % in Jun 2015 and a record low of 32.363 % in Mar 2000. United Kingdom UK: Gross Public Debt: % of GDP: General Government: Domestic Creditors data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: QPSD: Gross Public Debt: % of GDP: General Government.

Of the G7 countries, Japan had the highest net debt in terms of share of gross domestic product (GDP) between 2010 and 2024. That year, Japan's government's net debt reached an estimated *** percent of its total GDP. Italy had the second highest debt rate at *** percent of its GDP, whereas Canada had the lowest at only ** percent.

In September 2024, the national debt of the United States had risen up to 35.46 trillion U.S. dollars. The national debt per capita had risen to 85,552 U.S. dollars in 2021. As represented by the statistic above, the public debt of the United States has been continuously rising. U.S. public debt Public debt, also known as national and governmental debt, is the debt owed by a nations’ central government. In the case of the U.S., national debt is owed by the federal government to Treasury security holders. Generally speaking, government debt increases with government spending, and can be decreased through taxes. During the COVID-19 pandemic, the U.S. government increased spending significantly to finance virus infrastructure, aid, and various forms of economic relief. International public debt Venezuela leads the global ranking of the 20 countries with the highest public debt in 2021. In relation to the Gross Domestic Product (GDP), Venezuela's public debt amounted to around 306.95 percent of GDP. Eritrea was ranked fifth, with an estimated debt of 170 percent of the Gross Domestic Product. The national debt of the United Kingdom is forecasted to grow from 87 percent in 2022 to 70 percent in 2027, in relation to the Gross Domestic Product. These figures include England, Wales, Scotland as well as Northern Ireland. Greece had the highest national debt among EU countries as of the 4th quarter of 2020 in relation to the Gross Domestic Product. Germany ranked 13th in the EU, with its national debt amounting to 69 percent of GDP in the same time period. Tuvalu was one of the 20 countries with the lowest national debt in 2021 in relation to the GDP, while Macao had an estimated level of national debt of zero percent, the lowest of any country. The data refer to the debts of the entire state, including the central government, the provinces, municipalities, local authorities and social insurance.

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

• 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

Graph and download economic data for Gross Portfolio Debt Liabilities to GDP for United Kingdom (DDDM10GBA156NWDB) from 1999 to 2020 about liabilities, United Kingdom, debt, gross, and GDP.

This statistic shows the actual and forecasted public sector net debt in the United Kingdom (UK) from 2017/18 to 2023/24, as percentage of gross domestic product (GDP). The public sector net debt is forecasted to decrease to 72 percent of GDP in 2023/24.

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

• 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

United Kingdom UK: Gross Public Debt: % of GDP: Non Financial Public Corporations: Domestic Currency data was reported at 1.419 % in Jun 2018. This records a decrease from the previous number of 1.429 % for Mar 2018. United Kingdom UK: Gross Public Debt: % of GDP: Non Financial Public Corporations: Domestic Currency data is updated quarterly, averaging 1.968 % from Mar 1995 (Median) to Jun 2018, with 94 observations. The data reached an all-time high of 3.712 % in Sep 2017 and a record low of 1.419 % in Jun 2018. United Kingdom UK: Gross Public Debt: % of GDP: Non Financial Public Corporations: Domestic Currency 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.QPSD: Gross Public Debt: % of GDP: Non Financial Public Corporations.

Germany’s total loan balances outstanding (including credit card, personal loan, and residential mortgage balances outstanding) recorded a compound annual growth rate (CAGR) of 3.1% during the review period (2014-18) to reach €1.7tn ($1.9tn). The burden of household debt to GDP growth is lower than other developed nations around the world, as German consumers are more averse to debt and have a higher savings ratio. The German economy is characterized by income and employment growth that has provided a boost in domestic consumption. This has resulted in a consistent fall in the household debt-to-GDP ratio since 2009. Despite political tensions and an expected economic slowdown, the fall in unemployment rates and rise in gross household disposable income are expected to prevent the country’s debt from increasing further. Consequently, we estimate the total loan balances outstanding to maintain the growth trend and record a CAGR of 3.1% over the forecast period (2019-23). Read More

United Kingdom UK: Gross Public Debt: % of GDP: Central Government: Domestic Currency data was reported at 89.413 % in Jun 2018. This records an increase from the previous number of 88.183 % for Mar 2018. United Kingdom UK: Gross Public Debt: % of GDP: Central Government: Domestic Currency data is updated quarterly, averaging 41.983 % from Mar 1995 (Median) to Jun 2018, with 94 observations. The data reached an all-time high of 90.746 % in Dec 2015 and a record low of 35.426 % in Mar 2002. United Kingdom UK: Gross Public Debt: % of GDP: Central Government: Domestic Currency 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.QPSD: Gross Public Debt: % of GDP: Central Government.