Apr 22, 2025
European Union household debt has surged to $6.96 trillion (EUR6.2tn) as of January 2025, according to a report by CEIC and the European Central Bank. For more details, see the full discussion on Euronews. This substantial figure is primarily driven by mortgage borrowings, which account for over EUR5.23tn, leaving approximately EUR1tn in other forms of debt that could pose significant concerns for the region.
The average debt-to-income ratio across the EU has been on a gradual decline, indicating that citizens are borrowing a smaller proportion of their income. Despite the European average being around 97%, regions like Scandinavia and the Netherlands exhibit much higher borrowing ratios, sometimes exceeding 200%. This trend highlights that debt is not an exclusive burden on lower-income groups; affluent areas are also heavily impacted.
Kevin Mountford, co-founder of Raisin UK, emphasized the importance of managing debt effectively. He noted that modern conveniences such as credit cards and online shopping contribute significantly to increased expenditure. “The issue is not borrowing in itself, but the risk of that borrowing going out of control and debt that we no longer can manage,” Mountford stated.
IndexBox data indicates that in 2023, countries like the Netherlands, Denmark, the UK, Finland, and Sweden ranked among the top 10 globally for the highest credit card debt. This trend is exacerbated by factors such as social media influence and buy now, pay later schemes, which encourage impulsive spending.
Mountford advises consumers to address their financial situations proactively by seeking support from banks, loan providers, and credit unions, rather than resorting to high-interest payday loans or illegal lenders. He also encourages open discussions about finances with friends and family to foster better financial habits and awareness.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
REPORT DESCRIPTION
RESEARCH METHODOLOGY AND AI PLATFORM
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
KEY FINDINGS
MARKET TRENDS
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
MARKET SIZE
CONSUMPTION BY COUNTRY
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
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TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
BEST-SELLING PRODUCTS
MOST CONSUMED PRODUCT
MOST TRADED PRODUCT
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
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TOP COUNTRIES TO SOURCE YOUR PRODUCT
TOP PRODUCING COUNTRIES
TOP EXPORTING COUNTRIES
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
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TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
TOP CONSUMING MARKETS
UNSATURATED MARKETS
TOP IMPORTING MARKETS
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
PRODUCTION VOLUME AND VALUE
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
IMPORTS FROM 2012–2024
IMPORTS BY COUNTRY
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
EXPORTS FROM 2012–2024
EXPORTS BY COUNTRY
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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PRO
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
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United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Key Findings In 2024
Market Volume, In Physical Terms, 2012–2024
Market Value, 2012–2024
Per Capita Consumption, By Country, 2018–2024
Production, In Physical Terms, By Country, 2012–2024
Imports, In Physical Terms, By Country, 2012–2024
Imports, In Value Terms, By Country, 2012–2024
Import Prices, By Country Of Destination, 2012–2024
Exports, In Physical Terms, By Country, 2012–2024
Exports, In Value Terms, By Country, 2012–2024
Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
Market Volume, In Physical Terms, 2012–2024
Market Value, 2012–2024
Consumption, By Country, 2024
Market Volume Forecast to 2030
Market Value Forecast to 2030
Products: Market Size And Growth, By Type
Products: Average Per Capita Consumption, By Type
Products: Exports And Growth, By Type
Products: Export Prices And Growth, By Type
Production Volume And Growth
Exports And Growth
Export Prices And Growth
Market Size And Growth
Per Capita Consumption
Imports And Growth
Import Prices
Production, In Physical Terms, 2012–2024
Production, In Value Terms, 2012–2024
Production, By Country, 2024
Production, In Physical Terms, By Country, 2012–2024
Imports, In Physical Terms, 2012–2024
Imports, In Value Terms, 2012–2024
Imports, In Physical Terms, By Country, 2024
Imports, In Physical Terms, By Country, 2012–2024
Imports, In Value Terms, By Country, 2012–2024
Import Prices, By Country, 2012–2024
Exports, In Physical Terms, 2012–2024
Exports, In Value Terms, 2012–2024
Exports, In Physical Terms, By Country, 2024
Exports, In Physical Terms, By Country, 2012–2024
Exports, In Value Terms, By Country, 2012–2024
Export Prices, 2012–2024