Corporate debt continued to rise throughout the crisis, albeit at a slower pace, and reached just over EUR 11 trillion in 2016.
We saw similar developments in household debt over these two decades, with household debt rising particularly strongly in the decade preceding the global financial crisis, almost doubling from EUR 3.2 trillion in 1999 to EUR 5.8 trillion in 2008, and rising further since then – albeit at a slower pace, to reach EUR 6.3 trillion in 2016.