September 2023 – Note on household sector debt and debt-service cost statistics
Last Modified Date:
2023-09-28, 09:02 AM
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The household sector’s debt-service cost statistics are derived from the outstanding stock of debt, as measured in its balance sheet, in relation to weighted average lending rates. Both debt and debt-service cost to household disposable income render useful ratios for the analysis of household indebtedness and households’ ability to service interest payments on debt.
In addition, these ratios provide a view on the role of the stock of debt and interest rates in debtservice cost. This note unpacks the compilation of household debt5 statistics based on the guidelines of the System of National Accounts 2008 (2008 SNA)6 as well as the derived household debt-service cost statistics and the interpretation of the related ratios of debt and debt-service cost8 to