Deutsche Bundesbank
Within the last twenty years that is average assets per household in the new Lander to the 7 times increased and thus more than twice as much as in Western of Germany. However, the monetary assets in Eastern Germany, reach per household today only 55 per cent of the value of West German. The private financial assets will reach approximately 5 trillion this year. East German households with about 560 billion account for a good 11 per cent. In 1990, there were only 4 percent.
But also the pace of debt have risen to above average in the East since 1990. Until the introduction of the market economy, the possibilities of credit financed consumption to a very small degree were given here. Durable goods could be bought usually in the East only after accumulation of appropriate and significant latency. However, the obligations of East German private households reach only 52 percent of the West German level this year with about 163 billion euros per household. This debt more than housing purposes account for three-quarters, creating so lasting values.
Now you have East German assets of about 1.1 trillion euros. Despite an enormous catching-up process, if it is still a long way until the assets are align. While at the disposable income this year already 74 percent of West German levels, there are only about 46 percent for the assets. 20 years of German unity: assets and income account of households disposable income per household: West: 28.690 euro (1990), 41.670 euros (2010) / East: 14.670 euro (1990), 30.980 EUR (2010)-East/West-relation 2010: 74.3 percent assets per private household: West: 169.300 Euro (1990), 325.930 euros (2010) / East: 32,400 euro (1990), 148.890 euro (2010)-East/West-relation 2010: 45.7 percent of assets per private household: West: 55.380 euro (1990), 135.840 euros (2010) / East: 10.370 (1990) 74.500, (2010)-East/West-relation 2010: 54.8 percent obligations (loans) per household: West: 19.590 euro (1990), 41.830 euros (2010) / East: 1070 euros (1990), 21,800 euros (2010)-East/West-relation 2010: 52.1 percent source: own calculations of Dr. Klaus Vossen, bbw, statistical Federal Office, Deutsche Bundesbank
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