The government debt to GDP ratio in the Euro Area fell to 91.5 percent at the end of 2022 from a downwardly revised 95.4 percent in 2021. Considering the European Union as a whole, the government debt to GDP decreased to 84% from 88%. The highest ratios of government debt to GDP were recorded in Greece (171.3%), Italy (144.4%), Portugal (113.9%), Spain (113.2%), France (111.6%) and Belgium (105.1%), and the lowest in Estonia (18.4%), Bulgaria (22.9%) and Luxembourg (24.6%). Four Member States registered an increase in their debt to GDP ratio and twenty-three Member States a decrease. The increases in the ratio were recorded in Czechia (+2.1 pp), Estonia (+0.8 pp), Finland (+0.4 pp) and Luxembourg (+0.1 pp), while the largest decreases were observed in Greece (-23.3 pp), Cyprus (-14.7 pp), Portugal (-11.5 pp), Ireland (-10.7 pp), Croatia (-10.0 pp), Denmark (-6.6 pp), Italy (-5.5 pp), Lithuania (-5.3 pp), and Spain (-5.0 pp). source: EUROSTAT

Government Debt to GDP in Euro Area averaged 79.77 percent of GDP from 1995 until 2022, reaching an all time high of 97.20 percent of GDP in 2020 and a record low of 65.90 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 June of 2023.

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Euro Area Government Debt to GDP



Calendar GMT Actual Previous Consensus TEForecast
2022-04-22 09:00 AM 2021 95.6% 97.2% 100%
2023-04-21 09:00 AM 2022 91.5% 95.4% 94.0%


Related Last Unit Reference
Government Debt to GDP 91.50 percent of GDP Dec 2022
Government Budget -3.60 percent of GDP Dec 2022
Government Spending 612.66 EUR Billion Mar 2023
Government Spending to GDP 50.70 percent of GDP Dec 2022
Government Debt 12260558.00 EUR Million Dec 2022

Euro Area Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
91.50 95.40 97.20 65.90 1995 - 2022 percent of GDP Yearly