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Personal Debt

Dáil Éireann Debate, Wednesday - 5 October 2011

Wednesday, 5 October 2011

Ceisteanna (40)

Pádraig Mac Lochlainn

Ceist:

36 Deputy Pádraig Mac Lochlainn asked the Minister for Finance if he will provide figures on household debt as a percentage of household income for the years 2010 and 2011 broken down by quarter. [27662/11]

Amharc ar fhreagra

Freagraí scríofa

Figures on household debt are taken from the Central Bank's Quarterly Financial Accounts — Table 8.1b — total loans outstanding of households and non-profit institutions serving households. Figures for disposable household income are taken from the quarterly Institutional Sector Accounts produced by the CSO. This represents all income earned by the household in a particular quarter. This is not readily comparable with the level of debt. In order to make these figures more broadly comparable, the quarterly income figures have been annualised.

Debt (€m)

Income (€m)

Ratio

Q1 2010

193,978

86,668

2.24

Q2 2010

188,690

91,856

2.05

Q3 2010

187,722

89,220

2.10

Q4 2010

185,615

82,740

2.24

Q1 2011

184,912

85,488

2.16

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