Debt Developments in the Nonfinancial Private Sector, Fourth quarter of 2022
For an analysis of debt developments in 2022 overall, see “Nonfinancial private sector debt” in Part A of Statistical Bulletin for 2022 (translation forthcoming).
The following is a summary of developments in nonfinancial private sector debt in the fourth quarter of 2022:
- The balance of business sector debt increased by about 1.5 percent (NIS 18 billion) in the quarter, though the slowdown that began in the previous quarter in the balance’s rate of growth continued.
- The balance of households’ debt also continued to increase in the quarter, to approximately NIS 774 billion, though at a slower pace than in the previous quarter, at about 1.1 percent compared to 2.5 percent, against the background of a slowdown in the volume of new mortgages taken out by households from the banks.
The source of the increase in the balance of households’ debt is the balance of housing debt, which increased by about NIS 9 billion (1.7 percent) this quarter, mostly to banks; the balance of nonhousing debt remained unchanged.
 Data on debt to banks are based on monthly balance sheet data and not on annual financial statements, because as of the writing of this notice, financial statement data for 2022 have not yet been published.