The government debt to GDP ratio in the Euro Area decreased to 88.6% at the end of 2023 from a revised 90.8% at the end of 2022, marking its lowest level in four years. Twelve economies within the bloc had government debt ratios exceeding 60% of GDP, with the highest figures observed in Greece (161.9%), Italy (137.3%), France (110.6%), Spain (107.7%), and Belgium (105.2%). Among other economies, Germany recorded a ratio of 63.6% of GDP, while the Netherlands reported 46.5%. source: EUROSTAT
Euro Area recorded a Government Debt to GDP of 88.60 percent of the country's Gross Domestic Product in 2023. Government Debt to GDP in Euro Area averaged 80.17 percent of GDP from 1995 until 2023, reaching an all time high of 97.20 percent of GDP in 2020 and a record low of 66.10 percent of GDP in 2007. This page provides the latest reported value for - Euro Area Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Government Debt to GDP - data, historical chart, forecasts and calendar of releases - was last updated on May of 2024.
Euro Area recorded a Government Debt to GDP of 88.60 percent of the country's Gross Domestic Product in 2023. Government Debt to GDP in Euro Area is expected to reach 89.40 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Government Debt to GDP is projected to trend around 89.20 percent of GDP in 2025, according to our econometric models.