Monday’s graph: improvement in gross debt ratio of Spain’s private sector

International Financial Analysts Afi brought to our attention this chart from 2011 financial accounts in Spain, which confirm that ratio of gross debt (loans and different security prices) of households and businesses in Spain has dropped by 13.5 percentage points of GDP. The figure is now 216pc, down from the maximum levels reached during the second quarter in 2010.

It also reflects the downturn in indebtedness operations during last year, with a negative balance of €45 billion and the biggest fall since the beginning of the credit crunch.

Here it is, then, indebtedness rate of non-financials private sector per GDP.


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The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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