France credit-to-GDP: households and NPISHs
France credit-to-GDP: households and NPISHs stood at 59.1 % of GDP in Q1 2026, according to BIS – Bank for International Settlements (data.bis.org). It is one of the indicators in the Total credit and debt service (BIS) table (Value · Quarterly), with a complete series running from Q4 1977 to Q1 2026. The complete series with an interactive chart, free to download.
This indicator in the Total credit and debt service (BIS) table
| Indicator | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-financial sector (private and government) | 323.7 | 322.3 | 323.7 | 324.4 | 322.4 | 321.4 | 322.3 | 319.5 | 320.2 | 322.9 | |
| Private non-financial sector | 214.3 | 214.6 | 214.2 | 215.2 | 215 | 214.2 | 213.8 | 214.6 | 214.5 | 216.8 | |
| Households and NPISHs | 59.1 | 59.4 | 59.6 | 60 | 60.2 | 60.5 | 60.6 | 61 | 61.5 | 62.4 |
Understanding france credit-to-GDP: households and NPISHs
This metric tracks the indebtedness of the household sector and non-profit institutions serving households, scaled against total national economic output. It focuses strictly on consumer-facing credit, primarily encompassing residential mortgage loans, consumer credit lines, and other personal liabilities, while deliberately excluding corporate debt and public sector borrowing. This specific framing allows observers to isolate the financial leverage carried by individuals and families from enterprise-level commercial obligations.
Reading this series requires recognizing that consumer borrowing tends to evolve gradually over extended horizons, making long-run trajectories more informative than erratic short-term quarterly fluctuations. Analysts comparing this indicator against corporate measures must account for the distinct nature of household assets, which are heavily weighted toward residential real estate. Revisions frequently occur when baseline household wealth surveys are updated or when loan categorizations are refined by reporting institutions, necessitating close attention to historical continuity.
Frequently asked questions
- Are corporate liabilities included in this household series?
- No, corporate debt and business loans are entirely excluded from this household-focused metric.
- What types of credit dominate the liabilities measured here?
- Residential mortgage loans and consumer credit lines constitute the vast majority of household liabilities.
- How do non-profit institutions factor into this specific group?
- Non-profit institutions serving households are grouped alongside individual consumers in accordance with standardized macroeconomic accounting rules.