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Wednesday, January 24, 2018

Government debt fell to 88.1% of GDP in euro area - The highest ratios of government debt to GDP recorded in Greece (177.4%) - Eurostat

Press Release - 14/2018 - 24 January 2018 - Third quarter of 2017 compared with second quarter of 2017 Government debt fell to 88.1% of GDP in euro area Down to 82.5% of GDP in EU28 



At the end of the third quarter of 2017, the government debt to GDP ratio in the euro area (EA19) stood at 88.1%, compared with 89.0% at the end of the second quarter of 2017. In the EU28, the ratio also decreased from 83.3% to 82.5%.

 Compared with the third quarter of 2016, the government debt to GDP ratio fell in both the euro area (from 89.7% to 88.1%) and the EU28 (from 82.9% to 82.5%). 

At the end of the third quarter of 2017, debt securities accounted for 80.3% of euro area and for 81.4% of EU28 general government debt. Loans made up 16.5% and 14.5% respectively and currency and deposits represented 3.1% of euro area and 4.2% of EU28 government debt. Due to the involvement of EU governments in financial assistance to certain Member States, quarterly data on intergovernmental lending (IGL) is also published. The share of IGL in GDP at the end of the third quarter of 2017 amounted to 2.1% in the euro area and to 1.6% in the EU28


Government debt at the end of the third quarter 2017 by Member State 


The highest ratios of government debt to GDP at the end of the third quarter of 2017 were recorded in Greece (177.4%), Italy (134.1%) and Portugal (130.8%), and the lowest in Estonia (8.9%), Luxembourg (23.4%) and Bulgaria (25.6%).



page source http://ec.europa.eu/eurostat/