GDP-weighted average of Germany, France, Italy and Spain: the BIS publishes no euro-area debt service ratio.
Interest plus amortisation of the private non-financial sector as a share of income, weighted across the four largest euro-area economies.
Threshold source: Drehmann and Juselius (2012), BIS. How thresholds are chosen
A weighted proxy. National ratios diverge widely, and the BIS assumes a standard maturity across all debt.