Germany household financial assets
Germany household financial assets stood at 9,489.9 EUR billion in Q1 2026, according to Deutsche Bundesbank. It is one of the indicators in the Household financial accounts table (Value · Quarterly), with a complete series running from Q1 1999 to Q1 2026. The complete series with an interactive chart, free to download.
This indicator in the Household financial accounts table
| Indicator | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total financial assets5 | 9,489.9 | 9,518.4 | 9,364.3 | 9,235.9 | 9,090.9 | 9,072.1 | 8,927.9 | 8,769.8 | 8,639.4 | 8,435 | |
| Currency and deposits | 3,550 | 3,538.4 | 3,468.6 | 3,441.1 | 3,406.6 | 3,408 | 3,351.6 | 3,302.6 | 3,254 | 3,218.7 | |
| Debt securities | 230.7 | 225.9 | 221.8 | 214.3 | 213 | 210.1 | 215.7 | 213.3 | 206.9 | 198.2 |
Understanding germany household financial assets
Total claims across all financial asset classes held by domestic households are combined in this headline balance sheet stock. The scope spans currency and bank deposits, debt securities, equity shares, investment fund units, and life insurance or pension entitlements. Unlike the underlying breakdown rows that isolate individual instruments or specific maturity brackets, this series reflects the entire gross financial portfolio. Non-financial assets, such as residential real estate, land, and durable consumer goods, are excluded from the measure. Liabilities are likewise excluded, meaning the series measures gross assets rather than net financial worth.
Reading period-on-period movements requires care because balance sheet stocks are reported at prevailing market values. Shifts between consecutive quarters therefore capture both genuine net transactions and valuation adjustments caused by swings in equity prices or bond yields. Comparing the same quarter across adjacent years provides a clearer picture of underlying accumulation by smoothing out intra-year seasonal patterns in savings and bonus compensation. Initial balance sheet estimates are frequently revised as detailed regulatory filings and corporate balance sheets become available. A common pitfall is treating this gross total as an indicator of overall household solvency, which requires deducting mortgage debt and other loan liabilities.
Frequently asked questions
- Does this series include residential property and other real estate?
- No, non-financial assets are excluded from this measure. The balance sheet reflects only financial claims, omitting housing, land, and durable consumer goods.
- How does this measure differ from household net financial wealth?
- This series tracks gross financial assets without subtracting debt obligations. Net financial wealth is calculated by deducting total liabilities, including mortgage and consumer loans, from this aggregate.
- Why do quarter-on-quarter changes differ from quarterly household savings flows?
- Because assets are recorded at prevailing market valuations, period-to-period movements combine genuine saving transactions with unrealised price changes across equity and bond markets.