Total household and non-financial corporate debt keeps rising in 2023, yet at a slower pace

The total household and non-financial corporate debt kept an upward trend last year, yet at a significantly slowed-down rate of 4 percent, compared to 9 percent in 2022 and 12 percent in 2021, shows the 2023 Annual Report released on Thursday by the National Bank of Romania.Thus, at the end of 2023, the combined debt level reached RON 705.6 billion, while the debt per GDP ratio dropped 2.7 percentage points to 45.5 percent.At sectoral level, ...

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