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France: non-consolidated private sector debt 2008-2018

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 2008 and 2018, the non-consolidated debt of the private sector in France increased by almost 1.9 trillion euros, reaching its highest value of five trillion euros in 2018. France also had the highest private sector debt among all countries in the Eurozone.

Indebtedness is correlated with rising income levels since borrowing allows increase in consumption and investment. Nevertheless, overborrowing exposes businesses to risk of changes in economic conditions, interest rates and inflation.

Value of private sector debt in the France from 2008 to 2018

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Release date

October 2019



Survey time period


Supplementary notes

Non-consolidated debt.

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