The Bank of Spain published updated Financial Accounts for the Spanish economy showing that consolidated debt of non-financial corporations and households (including non-profit institutions serving households) increased by 1.6% in 2024 to EUR 1.706tn, while the combined debt-to-GDP ratio fell to 107.2% from 112.1% a year earlier. Non-financial corporate debt rose to EUR 1.0107tn and declined to 63.5% of GDP, while household and NPISH debt increased to EUR 695.6bn and fell to 43.7% of GDP. Household gross financial assets reached EUR 3.132tn in Q4 2024, up 7.5% year on year, lifting the ratio to 196.8% of GDP; net financial wealth rose to EUR 2.374tn (149.2% of GDP). The accounts also report economy-wide net lending of EUR 70.8bn in 2024 (4.4% of GDP), with general government net borrowing of 3.1% of GDP and households’ net lending of 4.3% of GDP. The release updates quarterly series through Q4 2024; the Bank of Spain said the Financial Accounts for Q1 2025 will be published on 9 July 2025.
Bank of Spain 2025-04-10
Bank of Spain financial accounts show corporate and household debt fell to 107.2% of GDP in 2024 as stock rose to EUR 1.706tn
The Bank of Spain's updated Financial Accounts show a 1.6% rise in consolidated debt of non-financial corporations and households to EUR 1.706 trillion in 2024, while the debt-to-GDP ratio fell to 107.2%. Non-financial corporate debt reached EUR 1.0107 trillion, and household debt rose to EUR 695.6 billion, with GDP ratios of 63.5% and 43.7%, respectively. Household gross financial assets grew by 7.5% to EUR 3.132 trillion, raising the GDP ratio to 196.8%, and net financial wealth increased to EUR 2.374 trillion.