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 August of 2023.
Government Debt to GDP in Euro Area is expected to reach 93.10 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Government Debt to GDP is projected to trend around 91.50 percent of GDP in 2024 and 90.70 percent of GDP in 2025, according to our econometric models.