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 1995 and 2018, the value of non-consolidated debt of the private sector in the United Kingdom (UK) increased steadily, reaching its highest value of nearly 3.5 trillion British pounds in 2018. In 2019, this figure decreased slightly. Indebtedness is correlated with rising income levels since borrowing allows an 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 United Kingdom (UK) from 1995 to 2019
(in million British pounds)
Characteristic
Private sector debt in million GBP
2019
3,428,660
2018
3,452,870
2017
3,362,781
2016
3,212,334
2015
3,015,649
2014
2,972,014
2013
2,986,541
2012
2,980,009
2011
2,879,115
2010
2,863,483
2009
2,883,763
2008
2,964,783
2007
2,716,894
2006
2,529,249
2005
2,308,298
2004
2,078,928
2003
1,930,858
2002
1,820,485
2001
1,636,972
2000
1,479,663
1999
1,328,661
1998
1,191,541
1997
1,064,901
1996
1,046,876
1995
989,415
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Eurostat. (November 30, 2020). Value of private sector debt in the United Kingdom (UK) from 1995 to 2019 (in million British pounds) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1064393/non-consolidated-private-sector-debt-united-kingdom/
Eurostat. "Value of private sector debt in the United Kingdom (UK) from 1995 to 2019 (in million British pounds)." Chart. November 30, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1064393/non-consolidated-private-sector-debt-united-kingdom/
Eurostat. (2020). Value of private sector debt in the United Kingdom (UK) from 1995 to 2019 (in million British pounds). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1064393/non-consolidated-private-sector-debt-united-kingdom/
Eurostat. "Value of Private Sector Debt in The United Kingdom (Uk) from 1995 to 2019 (in Million British Pounds)." Statista, Statista Inc., 30 Nov 2020, https://www.statista.com/statistics/1064393/non-consolidated-private-sector-debt-united-kingdom/
Eurostat, Value of private sector debt in the United Kingdom (UK) from 1995 to 2019 (in million British pounds) Statista, https://www.statista.com/statistics/1064393/non-consolidated-private-sector-debt-united-kingdom/ (last visited November 21, 2024)
Value of private sector debt in the United Kingdom (UK) from 1995 to 2019 (in million British pounds) [Graph], Eurostat, November 30, 2020. [Online]. Available: https://www.statista.com/statistics/1064393/non-consolidated-private-sector-debt-united-kingdom/
