Belgium Household Debt: % of GDP
Key information about Belgium Household Debt: % of GDP
- Belgium household debt accounted for 58.1 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 58.6 % in the previous quarter.
- Belgium household debt to GDP ratio is updated quarterly, available from Dec 1992 to Sep 2025.
- The data reached an all-time high of 67.7 % in Mar 2021 and a record low of 39.3 % in Sep 1995.
CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The National Bank of Belgium provides Household Debt in EUR and Nominal GDP in EUR, based on ESA 2010. Household Debt includes NPISH. Household Debt as % of Nominal GDP prior to Q4 1998 is based on ESA 1995.
Related information about Belgium Household Debt: % of GDP
- In the latest reports, Belgium Household Debt reached 433.5 USD bn in Jun 2025.
- Money Supply M2 in Belgium increased 2.7 % YoY in Nov 2025.
- Belgium Foreign Exchange Reserves was measured at 6.5 USD bn in Dec 2025.
- The Foreign Exchange Reserves equaled 0.1 Months of Import in Nov 2025.
- Belgium Domestic Credit reached 0.0 USD mn in May 2025, representing an drop of 100.0 % YoY.
- The country's Non Performing Loans Ratio stood at 0.7 % in Sep 2025, compared with the ratio of 0.7 % in the previous quarter.
View Belgium's Household Debt: % of GDP from Dec 1992 to Sep 2025 in the chart:
What was Belgium's Household Debt: % of GDP in Sep 2025?
Belgium household debt accounted for 58.1 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 58.6 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 58.1 Sep 2025 | 58.6 Jun 2025 | 39.3 Sep 1995 | 67.7 Mar 2021 | % | quarterly | Dec 1992 - Sep 2025 |
Household Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 13.5 Sep 2025 | quarterly | Sep 2007 - Sep 2025 |
| Argentina (%) | 6.6 Sep 2025 | quarterly | Dec 2004 - Sep 2025 |
| Armenia (%) | 33.0 Dec 2025 | quarterly | Dec 2000 - Dec 2025 |
| Australia (%) | 120.3 Jun 2025 | quarterly | Jun 1988 - Jun 2025 |
| Austria (%) | 42.3 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Azerbaijan (%) | 14.3 Sep 2025 | quarterly | Mar 2005 - Sep 2025 |
| Belarus (%) | 10.5 Sep 2025 | quarterly | Dec 2006 - Sep 2025 |
| Belgium (%) | 58.1 Sep 2025 | quarterly | Dec 1992 - Sep 2025 |
| Bolivia (%) | 11.4 Dec 2024 | quarterly | Sep 2010 - Dec 2024 |
| Bosnia and Herzegovina (%) | 25.2 Sep 2025 | quarterly | Dec 2008 - Sep 2025 |
| Botswana (%) | 21.6 Sep 2025 | quarterly | Dec 2002 - Sep 2025 |
| Brunei (%) | 15.3 Sep 2025 | quarterly | Dec 2013 - Sep 2025 |
| Bulgaria (%) | 30.1 2024 | yearly | 1995 - 2024 |
| Cambodia (%) | 27.2 2024 | yearly | 2008 - 2024 |
| Canada (%) | 99.3 Sep 2025 | quarterly | Mar 1969 - Sep 2025 |
| Chile (%) | 37.7 Sep 2025 | quarterly | Mar 2009 - Sep 2025 |
| China (%) | 60.4 Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| Colombia (%) | 29.4 Jun 2025 | quarterly | Dec 2015 - Jun 2025 |
| Croatia (%) | 33.8 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Cyprus (%) | 71.2 2024 | yearly | 1995 - 2024 |
| Czech Republic (%) | 33.4 Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| Denmark (%) | 89.8 2024 | yearly | 1994 - 2024 |
| Ecuador (%) | 17.8 Sep 2025 | quarterly | Mar 2003 - Sep 2025 |
| Egypt (%) | 7.3 Sep 2025 | quarterly | Dec 2002 - Sep 2025 |
| Estonia (%) | 40.1 Sep 2025 | quarterly | Dec 2003 - Sep 2025 |
| European Union (%) | 50.7 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Finland (%) | 74.1 2024 | yearly | 1995 - 2024 |
| France (%) | 59.9 2024 | yearly | 1977 - 2024 |
| Georgia (%) | 36.9 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
| Germany (%) | 48.9 Sep 2025 | quarterly | Dec 1991 - Sep 2025 |
| Greece (%) | 45.9 Sep 2025 | quarterly | Dec 1997 - Sep 2025 |
| Hong Kong SAR, China (%) | 87.6 Dec 2025 | quarterly | Mar 1982 - Dec 2025 |
| Hungary (%) | 21.7 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Iceland (%) | 70.7 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| India (%) | 17.6 2025 | yearly | 1998 - 2025 |
| Indonesia (%) | 15.0 Dec 2025 | quarterly | Dec 2010 - Dec 2025 |
| Ireland (%) | 24.7 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| Israel (%) | 42.7 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Italy (%) | 47.0 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Japan (%) | 61.1 Sep 2025 | quarterly | Dec 1997 - Sep 2025 |
| Jordan (%) | 70.8 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| Kazakhstan (%) | 65.9 Sep 2025 | quarterly | Dec 1997 - Sep 2025 |
| South Korea (%) | 92.3 Sep 2025 | quarterly | Dec 2002 - Sep 2025 |
| Kosovo (%) | 24.9 Sep 2025 | quarterly | Dec 2010 - Sep 2025 |
| Kuwait (%) | 1.0 Sep 2025 | quarterly | Dec 2010 - Sep 2025 |
| Kyrgyzstan (%) | 11.9 Dec 2025 | quarterly | Dec 2000 - Dec 2025 |
| Latvia (%) | 22.9 Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| Lithuania (%) | 30.0 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Luxembourg (%) | 61.6 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Macau SAR, China (%) | 73.7 Dec 2025 | quarterly | Dec 2001 - Dec 2025 |
| North Macedonia (%) | 26.6 Dec 2025 | quarterly | Mar 2003 - Dec 2025 |
| Malawi (%) | 0.3 2011 | yearly | 2006 - 2011 |
| Malaysia (%) | 84.1 2024 | yearly | 2002 - 2024 |
| Malta (%) | 48.3 Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| Mauritius (%) | 20.6 Jun 2018 | quarterly | Mar 2009 - Jun 2018 |
| Mexico (%) | 17.2 Sep 2025 | quarterly | Dec 2000 - Sep 2025 |
| Mongolia (%) | 28.9 Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| Montenegro (%) | 29.2 Dec 2025 | quarterly | Mar 2007 - Dec 2025 |
| Morocco (%) | 22.0 2024 | yearly | 2001 - 2024 |
| Netherlands (%) | 97.2 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| New Zealand (%) | 90.7 Sep 2025 | quarterly | Dec 1990 - Sep 2025 |
| Norway (%) | 90.2 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Panama (%) | 37.7 Sep 2025 | quarterly | Dec 2007 - Sep 2025 |
| Peru (%) | 15.1 Dec 2025 | quarterly | Mar 2001 - Dec 2025 |
| Philippines (%) | 13.1 Dec 2025 | quarterly | Mar 2009 - Dec 2025 |
| Poland (%) | 22.6 Sep 2025 | quarterly | Dec 2003 - Sep 2025 |
| Portugal (%) | 56.5 Dec 2025 | quarterly | Dec 2007 - Dec 2025 |
| Romania (%) | 15.7 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Russia (%) | 18.7 Dec 2025 | quarterly | Dec 2000 - Dec 2025 |
| Saudi Arabia (%) | 10.7 Dec 2025 | quarterly | Dec 2003 - Dec 2025 |
| Serbia (%) | 18.7 Dec 2025 | quarterly | Dec 2003 - Dec 2025 |
| Singapore (%) | 51.6 Dec 2025 | quarterly | Mar 1995 - Dec 2025 |
| Slovakia (%) | 46.3 Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| Slovenia (%) | 28.2 Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| South Africa (%) | 41.0 Sep 2025 | quarterly | Mar 1969 - Sep 2025 |
| Spain (%) | 46.7 Sep 2025 | quarterly | Dec 1989 - Sep 2025 |
| Sri Lanka (%) | 6.6 Dec 2024 | quarterly | Dec 2010 - Dec 2024 |
| Sweden (%) | 86.1 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Switzerland (%) | 123.1 2024 | yearly | 1999 - 2024 |
| Syria (%) | 14.6 2011 | yearly | 2004 - 2011 |
| Taiwan, China (%) | 95.5 2023 | yearly | 2000 - 2023 |
| Thailand (%) | 86.4 Sep 2025 | quarterly | Mar 2003 - Sep 2025 |
| Tunisia (%) | 0.0 2020 | yearly | 2007 - 2020 |
| Turkey (%) | 10.3 Sep 2025 | quarterly | Dec 2014 - Sep 2025 |
| Ukraine (%) | 4.1 Sep 2025 | quarterly | Dec 2002 - Sep 2025 |
| United Arab Emirates (%) | 24.1 2024 | yearly | 2013 - 2024 |
| United Kingdom (%) | 78.2 Sep 2025 | quarterly | Mar 1987 - Sep 2025 |
| United States (%) | 61.0 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Uruguay (%) | 11.7 Sep 2025 | quarterly | Dec 2005 - Sep 2025 |
| Venezuela (%) | 3.4 2017 | yearly | 2004 - 2017 |
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Learn more about what we doBelgium Key Series
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.775 2030 | yearly | 1980 - 2030 |
| Trade Balance (USD mn) | 1,457.3 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Total Exports (USD mn) | 50,608.8 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| Total Exports Growth (%) | 0.4 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Aluminum: Exports (USD th) | 1,646,558.826 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 30,181,295.828 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 31,558,364.620 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 44,109.3 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Total Imports Growth (%) | -6.9 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Imports: Medicament (USD th) | 26,575,329.696 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 18,610,176.592 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 2,204.732 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Total Imports from USA (USD mn) | 2,139.712 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Total Exports to China (USD mn) | 685.862 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Total Imports from China (USD mn) | 1,254.657 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Exports: National Concept: European Union: Netherlands (EUR mn) | 3,677.293 Sep 2025 | monthly | Jan 1995 - Sep 2025 |
| Exports: National Concept: America: USA (EUR mn) | 1,882.777 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Exports: National Concept: European Union: Germany (EUR mn) | 5,012.052 Sep 2025 | monthly | Jan 1995 - Sep 2025 |
| Exports: National Concept: European Union: France (EUR mn) | 3,120.259 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Exports: National Concept: Asia: China (EUR mn) | 486.172 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Exports: NC: HS: Metals (EUR mn) | 2,178.855 Sep 2025 | monthly | Jan 1995 - Sep 2025 |
| Exports: NC: HS: Agriculture: Food, Beverages & Tobacco (FB) (EUR mn) | 2,512.311 Sep 2025 | monthly | Jan 1995 - Sep 2025 |
| Exports: NC: HS: Textiles (EUR mn) | 408.987 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Exports: NC: HS: Plastics & Rubber (EUR mn) | 1,760.860 Sep 2025 | monthly | Jan 1995 - Sep 2025 |
| Exports: NC: HS: Machinery & Electrical Equipment (EUR mn) | 3,406.589 Sep 2025 | monthly | Jan 1995 - Sep 2025 |
| Exports: NC: HS: Chemical Products (EUR mn) | 6,519.302 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Exports: NC: HS: Chemical Products: Pharmaceuticals (EUR mn) | 5,107.201 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Exports: NC: HS: Metals: Iron & Steel (EUR mn) | 1,001.385 Sep 2025 | monthly | Jan 1995 - Sep 2025 |
| Imports: National Concept: European Union: Germany (EUR mn) | 3,672.154 Sep 2025 | monthly | Jan 1995 - Sep 2025 |
| Imports: National Concept: European Union: Netherlands (EUR mn) | 6,218.603 Sep 2025 | monthly | Jan 1995 - Sep 2025 |
| Imports: National Concept: European Union: France (EUR mn) | 3,167.266 Sep 2025 | monthly | Jan 1995 - Sep 2025 |
| Imports: National Concept: America: USA (EUR mn) | 2,025.010 Sep 2025 | monthly | Jan 1995 - Sep 2025 |
| Imports: NC: HS: Plastics & Rubber (EUR mn) | 1,291.823 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Imports: NC: HS: Chemical Products (EUR mn) | 5,843.515 Sep 2025 | monthly | Jan 1995 - Sep 2025 |
| Imports: NC: HS: Metals (EUR mn) | 1,839.465 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Imports: NC: HS: Machinery & Electrical Equipment (EUR mn) | 4,033.131 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Imports: NC: HS: Agriculture: Food, Beverages & Tobacco (FB) (EUR mn) | 1,868.122 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Imports: NC: HS: Textiles (EUR mn) | 489.545 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Imports: NC: HS: Chemical Products: Pharmaceuticals (EUR mn) | 3,687.835 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Imports: NC: HS: Metals: Iron & Steel (EUR mn) | 749.409 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Trade Balance: National Concept (EUR mn) | -212.301 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Imports: National Concept (EUR mn) | 28,113.200 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Exports: National Concept (EUR mn) | 26,870.000 Nov 2025 | monthly | Jan 1995 - Nov 2025 |
| Import Value Index (2015=100) | 135.863 2021 | yearly | 1995 - 2021 |
| Export Value Index (2015=100) | 137.406 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.3 Dec 2025 | quarterly | Jun 2024 - Dec 2025 |
| Household Debt: % of GDP (%) | 58.1 Sep 2025 | quarterly | Dec 1992 - Sep 2025 |
| Non-Performing Loans (USD mn) | 1,096.345 Jan 2026 | monthly | May 2024 - Jan 2026 |
| Money Supply M1 (USD mn) | 311,862.399 Jan 2026 | monthly | Dec 1996 - Jan 2026 |
| Money Supply M2 (USD mn) | 811,626.649 Jan 2026 | monthly | Dec 1996 - Jan 2026 |
| M2 Growth (%) | 2.8 Jan 2026 | monthly | Dec 1997 - Jan 2026 |
| Reserve Requirement Ratio (%) | 1.0 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Foreign Exchange Reserves (USD mn) | 6,500.0 Dec 2025 | monthly | Jan 1999 - Dec 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 0.896 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 0.1 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Gold Reserves (USD mn) | 31,500.000 Dec 2025 | monthly | Dec 1956 - Dec 2025 |
| Total Deposits (USD mn) | 1,702,321.825 Jan 2026 | monthly | Dec 1996 - Jan 2026 |
| Total Deposits Growth (%) | 2.4 Jan 2026 | monthly | Dec 1997 - Jan 2026 |
| Domestic Credit (USD mn) | 0.0 May 2025 | monthly | Jan 1999 - May 2025 |
| Domestic Credit Growth (%) | -100.0 May 2025 | monthly | Jan 2000 - May 2025 |
| Debt Service Ratio: Households (%) | 7.000 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 17.000 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Credit to Households (USD bn) | 419.124 Jun 2025 | quarterly | Dec 1980 - Jun 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 1,300.530 Jun 2025 | quarterly | Dec 1970 - Jun 2025 |
| Household Debt (USD mn) | 433,457.3 Jun 2025 | quarterly | Dec 1992 - Jun 2025 |
| Total Loans (USD mn) | 937,876.459 Sep 2025 | quarterly | Jun 2006 - Sep 2025 |
| Total Loans Growth (%) | 7.13 Sep 2025 | quarterly | Jun 2007 - Sep 2025 |
| Private Debt: % of Nominal GDP (%) | 65.83 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Gross International Reserves (USD bn) | 56.000 Dec 2025 | monthly | Jan 1999 - Dec 2025 |
| Gross International Reserves: Gold (USD bn) | 31.500 Dec 2025 | monthly | Dec 1990 - Dec 2025 |
| Monetary Agg in Euro Area: BC: M3 excl Currency in Circulation (EUR bn) | 729.500 Jan 2026 | monthly | Dec 1996 - Jan 2026 |
| Official Reserve Assets (EUR mn) | 51,860.000 Jan 2026 | monthly | Jan 2013 - Jan 2026 |
| Consumer Credit: Outstanding Amount (EUR mn) | 29,169.000 Dec 2024 | semiannually | Jun 1980 - Dec 2024 |
| Official Reserve Assets: Monetary Gold (EUR mn) | 8,489.000 Feb 2019 | monthly | Jan 2013 - Feb 2019 |
| Deposits: Households: Outstanding Amounts (EUR mn) | 451,039.000 Jan 2026 | monthly | Dec 1998 - Jan 2026 |
| Deposits: Non Financial Corporations (NF): Outstanding Amounts (EUR mn) | 145,902.000 Jan 2026 | monthly | Dec 1998 - Jan 2026 |
| Deposits: Financial Intermediaries (FI): Outstanding Amounts (EUR mn) | 46,776.000 Jan 2026 | monthly | Dec 1998 - Jan 2026 |
| Credit Inst Loans: Financial Intermediaries (FI): Outstanding Amounts (EUR mn) | 53,345.000 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Credit Inst Loans: Households (HH): Outstanding Amounts (OA) (EUR mn) | 265,797.000 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Credit Inst Loans: Non Financial Corporations (NF): Outstanding Amounts (EUR mn) | 158,040.000 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Credit Institutions: Cons: Loans and Advances: excl Credit Institutions (EC) (EUR mn) | 799,213.000 Sep 2025 | quarterly | Jun 2006 - Sep 2025 |
| MFIs Loans: Outstanding Amounts (OA) (EUR mn) | 1,002,382.000 Jan 2026 | monthly | Sep 1997 - Jan 2026 |
| Mortgage Credits (EUR mn) | 2,567.000 Jan 2026 | monthly | Jan 1995 - Jan 2026 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -1.5 Feb 2026 | monthly | Jan 1981 - Feb 2026 |
| Business Survey: sa: Construction: Carcasses: Trend: Activity (% Point) | 2.400 Feb 2026 | monthly | Jan 1980 - Feb 2026 |
| Business Survey: sa: Construction: Carcasses: Appraisal: Order Book (% Point) | -23.700 Feb 2026 | monthly | Jan 1980 - Feb 2026 |
| Business Survey: sa: Construction: Structural Engineering (% Point) | -7.100 Feb 2026 | monthly | Jan 1980 - Feb 2026 |
| Business Survey: sa: Trade (% Point) | -17.900 Feb 2026 | monthly | Jan 1980 - Feb 2026 |
| Business Survey: Seasonally Adjusted (sa): Aggregate (% Point) | -13.700 Feb 2026 | monthly | Jan 1980 - Feb 2026 |
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