Netherlands: household debt as GDP share

The household sector debt in the Netherlands as a percentage of Dutch GDP decreased steadily since its peak of approximately 119 percent registered in 2010. In 2021, household debt in the Netherlands represented less than a 100 percent of the country's GDP.

Household sector debt in the Netherlands as a percentage of GDP from 2006 to 2021

Characteristic	Debt in percentage of GDP
2021	99.5%
2020	103%
2019	99.6%
2018	103.4%
2017	106.8%
2016	109.6%
2015	111.3%
2014	113.2%
2013	115.1%
2012	117.9%
2011	118%
2010	118.6%
2009	118.2%
2008	110.4%
2007	109.6%
2006	109.4%

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Release date

April 2022

More information

Region

Netherlands

Survey time period

2006 to 2021

Special properties

All figures provided are provisional

Supplementary notes

The source adds the following information: the household sector debt includes the total debt of households and non-profit institutions. The debts include only loans, and are consolidated, i.e. debts within the same sector are not included.

A high debt increases the vulnerability of the households to changes in economic conditions, interest rates or inflation. Part of the outstanding debt must be refinanced periodically. Rising interest rates may lead to higher periodic interest payments for borrowers. A deteriorating economic situation may persuade banks to tighten their conditions with respect to collateral. As a result households may receive lower mortgage loans with potential implications for the developments on the housing market and in the construction sector. The European Commission has set an upper limit for total private sector debt (including non-financial corporations): +133 per cent.

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