Household Debt to GDP for Spain
HDTGPDESA163N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.82
Year-over-Year Change
-46.18%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the ratio of total household debt to the gross domestic product (GDP) in Spain. It provides insight into the sustainability of household borrowing and has implications for financial stability and consumer spending.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Household Debt to GDP ratio tracks the level of indebtedness among Spanish households relative to the overall size of the economy. It is an important indicator used by economists and policymakers to assess household financial health and potential risks to the broader economic system.
Methodology
The data is calculated by the Bank of Spain using national accounts information on household debt and GDP.
Historical Context
This trend is monitored by central banks, financial regulators, and economic analysts to gauge consumer credit conditions and household vulnerability to economic shocks.
Key Facts
- Spain's household debt to GDP ratio peaked at over 85% in 2007.
- The ratio declined steadily after the global financial crisis, reaching around 60% in 2021.
- High household debt levels can make consumers more vulnerable to interest rate increases or economic downturns.
FAQs
Q: What does this economic trend measure?
A: The Household Debt to GDP ratio for Spain tracks the total debt owed by Spanish households relative to the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the financial health and spending power of Spanish consumers, which has implications for the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank of Spain using national accounts information on household debt and GDP.
Q: How is this trend used in economic policy?
A: Central banks, regulators, and analysts monitor household debt levels to assess consumer credit conditions and potential risks to financial stability.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, providing timely insights into household borrowing trends in Spain.
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Citation
U.S. Federal Reserve, Household Debt to GDP for Spain (HDTGPDESA163N), retrieved from FRED.