Spanish household net financial wealth reached €2.812 trillion at the end of June 2026, a 12.2% year-on-year increase and a historic high, according to the Bank of Spain.
The financial wealth of Spanish families, understood as the difference between their savings and debts, rose by 12.2% in the second quarter of 2026 compared to the same period in 2025, reaching €2.812 trillion, the highest level in the historical series, according to the Financial Accounts of the Spanish Economy published this Thursday by the Bank of Spain, as reported by navarratelevision.es.
The increase is mainly explained by the revaluation of assets, especially equity holdings and investment funds. The financial assets of households (cash, stocks, deposits, and bonds) grew by 10.46% year-on-year, reaching €3.64 trillion.
In proportion to GDP, net financial assets represented 209.7% at the end of June 2026, while net financial wealth, after deducting debts, equated to 161.8% of gross domestic product.
By composition, the largest block of household assets is in equity holdings, accounting for 32.8% of the total. This is followed by cash and deposits at 32%; investment funds at 17.5%; and insurance and pension funds at 11.5%. The agency notes a slight increase in equity holdings and investment funds, offset by a decline in cash and deposits.
The consolidated debt of households and businesses rose to €1.805 trillion at the end of the second quarter of 2026, an increase of 1.8% compared to a year earlier. Households alone increased their debt from €718.495 billion in June 2025 to nearly €728.820 billion a year later.
Despite the absolute increase, the household debt-to-GDP ratio fell to 41.9%, the lowest level since the third quarter of 1999. For businesses, consolidated debt rose from €1.055 trillion in June 2025 to €1.077 trillion at the end of the second quarter of 2026, representing 61.9% of GDP, the lowest percentage since the third quarter of 2001. The Bank of Spain attributes this behaviour to the lower issuance of unlisted shares and other holdings, offset by other instruments.
As for Public Administrations, consolidated asset operations reached 0.8% of GDP in the second quarter of 2026, below the average since 2022, due to transactions in cash, deposits, and other assets. Liabilities operations remained at 3.2% of GDP, also below that average, due to debt securities and loans.
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