Goverment debt to GDP in EU countries 2023 | Statista (2024)

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Goverment debt to GDP in EU countries 2023 | Statista? ›

Compared with the second quarter of 2022, the government debt to GDP ratio also decreased in both the euro area (from 93.5% to 90.3%) and the EU (from 85.9% to 83.1%). At the end of the second quarter of 2023, debt securities accounted for 83.4% of euro area and for 82.9% of EU general government debt.

Compared with the second quarter of 2022, the government debt to GDP ratio also decreased in both the euro area (from 93.5% to 90.3%) and the EU (from 85.9% to 83.1%). At the end of the second quarter of 2023, debt securities accounted for 83.4% of euro area and for 82.9% of EU general government debt.

The United States' debt-to-GDP ratio at the close of fiscal year 2023 was 97 percent. While this figure is down slightly from 100 percent in 2020, a 74-year high, the nation's fiscal outlook is still on an unsustainable path. Debt held by the public is on track to exceed GDP in 2025 and climb to 116 percent in 2034.

Germany recorded a Government Debt to GDP of 63.60 percent of the country's Gross Domestic Product in 2023. Government Debt to GDP in Germany averaged 66.41 percent of GDP from 1995 until 2023, reaching an all time high of 82.00 percent of GDP in 2010 and a record low of 54.90 percent of GDP in 1995. source: EUROSTAT.

Portugal Government debt accounted for 99.1 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 107.5 % in the previous quarter.

At the end of 2022, 13 out of 27 EU Member States reported debt to GDP ratios higher than the reference value of 60.0 %, while six EU Member States recorded debt to GDP ratios of more than 100.0 %: Greece recorded the highest debt to GDP ratio at 171.3 %, followed by Italy (144.4 %), Portugal (113.9 %), Spain (113.2 %) ...

PIIGS is an acronym for Portugal, Italy, Ireland, Greece, and Spain, which were the weakest economies in the eurozone during the European debt crisis. Sovereign risk is the risk that a foreign government will default on their bonds or impose foreign exchange regulations that harm FX contracts' value.

At the top is Japan, whose national debt has remained above 100% of its GDP for two decades, reaching 255% in 2023. *For the U.S. and Canada, gross debt levels were adjusted to exclude unfunded pension liabilities of government employees' defined-benefit pension plans.

Japan has the highest percentage of national debt in the world at 259.43% of its annual GDP.

The United States is the undisputed heavyweight when it comes to the economies of the world. America's gross domestic product in 2022 was more than 40% greater than that of China, the world No. 2. Even more striking, U.S. GDP was over five times that of the next two largest economies, Japan and Germany.

How much debt is France in 2023? ›

In the latest reports, France National Government Debt reached 3,430.5 USD bn in Dec 2023. The country's Nominal GDP reached 736.3 USD bn in Mar 2023.

Denmark recorded a Government Debt to GDP of 29.30 percent of the country's Gross Domestic Product in 2023. Government Debt to GDP in Denmark averaged 40.32 percent of GDP from 1999 until 2023, reaching an all time high of 58.10 percent of GDP in 1999 and a record low of 27.30 percent of GDP in 2007.

In the latest reports, Spain National Government Debt reached 1,740.9 USD bn in Dec 2023. The country's Nominal GDP reached 378.4 USD bn in Mar 2023.

The economy of Greece is offically reported as having a debt-to-GDP ratio of 159.0%, indicating Greece's debt level is $365 Billion. World Economics has reassessed Greece's debt levels and estimates them to be lower than official figures suggest.

Government Debt as % of Nominal GDP prior to Q4 1998 is based on ESA 1995. In the latest reports, Belgium National Government Debt reached 680.2 USD bn in Dec 2023. The country's Nominal GDP reached 153.8 USD bn in Mar 2023.

The national debt in Germany was forecast to continuously increase between 2024 and 2029 by in total 195.6 billion U.S. dollars (+6.76 percent). After the tenth consecutive increasing year, the national debt is estimated to reach 3.1 trillion U.S. dollars and therefore a new peak in 2029.

In 2022, Luxembourg recorded the highest level of GDP per capita in the EU followed by Ireland, Denmark, the Netherlands, Austria and Belgium.

Statistics Netherlands provides Government Debt in EUR and Nominal GDP in EUR. In the latest reports, Netherlands National Government Debt reached 531.7 USD bn in Dec 2023. The country's Nominal GDP reached 272.1 USD bn in Mar 2023.