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Government debt rose to 92.9% of GDP in euro area-Up to 88.2% in EU28

At the end of the first quarter of 2015, the government debt to GDP ratio in the euro area (EA19) stood at 92.9%, compared with 92.0% at the end of the fourth quarter of 2014. In the EU283, the ratio increased from 86.9% to 88.2%. Compared with the first quarter of 2014, the government debt to GDP ratio rose in both the euro area (from 91.9% to 92.9%) and the EU28 (from 86.2% to 88.2%). At the end of the first quarter of 2015, debt securities accounted for 79.1% of euro area and for 80.8% of EU28 general government debt. Loans made up 18.0% and 15.2% respectively and currency and deposits represented 2.9% of euro area and 3.9% of EU28 government debt. Due to the involvement of EU governments in financial assistance to certain Member States, quarterly data on intergovernmental lending (IGL)4 is also published. The share of IGL in GDP at the end of the first quarter of 2015 amounted to 2.3% in the euro area and to 1.7% in the EU28.

Eurostat/First quarter of 2015 compared with fourth quarter of 2014/132/2015 – 22 July 2015

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