Eurozone government debt to GDP at 86% and European Union government debt to GDP at 81%; Government debt to GDP soars for Cyprus and Greece

Government debt to GDP for the Eurozone stood at 85.9% at the end of Q1 2019 (as against 87.1% at the end of Q1 2018). For the European Union, the number was 80.7% (as against 81.6% at the end of Q1 2018).

Eurozone European Union debt to GDP until Q1 2019

 

Government debt to GDP by country

The highest ratios of government debt to GDP were recorded in Greece (181.9%), Italy (134.0%), Portugal (123.0%), Belgium (105.1%) and Cyprus (105%) and the lowest in Estonia (8.1%), Bulgaria (21.2%) and Luxembourg (21.3%).

Eurozone European Union debt to GDP until Q1 2019 by country

 

Year on year changes

Compared to the end of Q1 2018, the highest changes in government debt to GDP ratios were recorded in Cyprus (+12.2%), Greece (+4.1%), Latvia (+1.7%), Italy (+1%) and France (+0.3%), while Slovenia(-7.6%), Austria (-4.4% ) and the Netherlands (-4.2%) recorded the largest decreases.

Eurozone European Union debt to GDP until Q1 2019 vs Q1 2018 by country

 

The Eurozone or Euro area (EA-19) currently includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU-28) currently includes Belgium, Bulgaria, Czechia (formerly the Czech Republic), Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.

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