The indebtedness of Spanish families is at its lowest since 2000 and financial wealth remains at a record
Spanish households are experiencing their best situation of relief since 2000, while their financial wealth rises to record levels. This is the main conclusion that emerges from the financial accounts of the Spanish economy corresponding to the third quarter prepared by the Bank of Spain (BdE), from which it can be seen that the debt-to-GDP ratio of families has fallen to 43.1%.
Households have made an effort to reduce their financial burden since the burst of the real estate bubble in 2008, when they accumulated debts worth 85% of GDP. According to the data managed by the banking supervisor corresponding to the third quarter of 2025, Spaniards accumulate credits worth 714,000 million, compared to 692,000 million in September 2024, which, although it increases, in relative terms represents a decline of one percentage point compared to the 44.1% of the previous year.
