Eurostat: Romanians on the last place in EU regarding financial assets and liabilities

Sorin Melenciuc 22/02/2018 | 14:42

Romanian households are on the last place in European Union for financial assets, as a percentage of gross domestic product (GDP), but are significantly less indebted than other European households, according to Eurostat data published thursday.

The financial assets mainly consisted of insurance, pensions and standardised guarantees (38.8% of EU household financial assets), currency and deposits (30.4%), equity and investment fund shares (25.2%), Eurostat data shows.

Financial assets of households in Romania represented 73.4 percent of GDP in 2016, comparing to EU average of 227.1 percent of GDP.  Slovakians and Lithuanians are among other Europeans at the bottom of the list, with 82.3 percent  and 91.2 percent of GDP.

“Across the EU Member States, total financial assets of households were about three times larger than GDP in the Netherlands (332.5% of GDP), the United Kingdom (329.3%) and Belgium (314.9%)”, Eurostat said.

Romanians are also the less indebted Europeans, with total financial liabilities relative to GDP at 22.9 percent, comparing with 67,8 percent in EU.

Loans are making up more than 90 percent of the households’ total financial liabilities in EU.

 

 

 

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Sorin Melenciuc | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue