The non-financial corporations debt excluding foreign direct investment indicator represents the net amount of liabilities in which the sector non-financial corporations (S.11) have incurred along the year, minus foreign direct investments (FDI). The instruments that are taken into account to compile the non-financial corporations debt are debt securities (F.3) and loans (F.4), from which FDI are excluded. FDI are taken from the quarterly financial accounts collection of the ECB. Data are presented in consolidated terms, i.e. data do not take into account transactions within the same sector and expressed in millions of national currency. Definitions regarding sectors and instruments are based on the ESA 2010. The indicator is used in the calculation of the MIP Scoreboard indicator.

The non-financial corporations debt is the stock of debt of the sector non-financial corporations (S11). It is expressed as percentage of GDP. The instruments taken into account to compile this indicator are Debt securities (F.3) and Loans (F.4). Data are presented in consolidated terms (meaning transactions within the same sector are not taken into account) and expressed in % of GDP and millions of national currency. Definitions regarding sectors and instruments are based on the ESA 2010. The MIP scoreboard indicator is the stock of non-financial corporations sector debt expressed as percentage of gross domestic product (GDP). The indicative threshold of non-financial corporations debt is 85%. The indicator is calculated as: [NFCDt/GDPt]*100.

The households sector debt is the stock of liabilities held by the sectors Households and Non-Profit institutions serving households (S.14_S.15). The instruments taken into account to compile the household sector debt are Debt securities (F.3) and Loans (F.4). Data are presented in consolidated terms (meaning transactions within the same sector are not taken into account) and are expressed in % of gross adjusted disposable income (AGDI, B7G). Definitions regarding sectors and instruments are based on the ESA 2010. The MIP auxiliary indicator is the stock of households sector debt in percentage of AGDI. The indicator is calculated as: [HHSDt/AGDIt]*100.