Household debt in Lithuania grows 7.5 % per year
Lithuania’s financial accounts for Q4 2017
The financial accounts data for Q4 2017 published today shows that the household debt amounted to €9.4 billion at the end of 2017. The largest portion, i.e. 76% of the household debt was comprised of loans for house purchasing. At the end of 2017 these loans amounted to €7.2 billion. The annual growth rate of household debt in the last two years has been stable, at 7.5% on average, while in 2017 its annual growth rate was 7.6%.
The financial assets of households amounted to €39.6 billion at the end of 2017. They were four times larger than the debt, but their annual growth rate was lower, 4.0% in 2017.
For more information on financial accounts in the fourth quarter of 2017 see the Bank of Lithuania statistical release (144 KB ). Detailed data for Q4 is available on the Bank of Lithuania website (under Financial accounts statistics).