Euro Area Government Debt to GDP

Last Release

Dec 31, 2021

Actual

95.6

Units In

% of GDP

97.2

Frequency

Yearly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
97.2 Dec 2020	66 Dec 2007	79.33 % of GDP	1995-2021	Eurostat

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.

Latest Updates

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).