At the end of the fourth quarter of 2017, the government debt to GDP ratio in the euro area (EA19) stood at 86.7%, compared with 88.1% at the end of the third quarter of 2017. In the EU28, the ratio also decreased from 82.4% to 81.6%. Compared with the fourth quarter of 2016, the government debt to GDP ratio fell in both the euro area (from 89.0% to 86.7%) and the EU28 (from 83.3% to 81.6%). At the end of the fourth quarter of 2017,

debt securities accounted for 80.5% of euro area and for 81.4% of EU28 general government debt. Loans made up 16.5% and 14.5% respectively and currency and deposits represented 3.0% of euro area and 4.1% of EU28 government debt. Due to the involvement of EU governments in financial assistance to certain Member States, quarterly data on intergovernmental lending (IGL) is also published. The share of IGL in GDP at the end of the fourth quarter of 2017 amounted to 2.1% in the euro area and to 1.5% in the EU28. These data are released by Eurostat, the statistical office of the European Union.

Government debt at the end of the fourth quarter 2017 by Member State.  The highest ratios of government debt to GDP at the end of the fourth quarter of 2017 were recorded in Greece (178.6%), Italy (131.8%) and Portugal (125.7%), and the lowest in Estonia (9.0%), Luxembourg (23.0%) and Bulgaria (25.4%).

Compared with the third quarter of 2017, seven Member States registered an increase in their debt to GDP ratio at the end of the fourth quarter of 2017 and twenty one a decrease. The highest increases in the ratio were recorded in Latvia (+1.9 percentage points – pp), Sweden (+1.8 pp), the United Kingdom (+1.5 pp) and Greece (+1.2 pp). The largest decreases were recorded in Cyprus (-5.0 pp), Slovenia and Portugal (both -4.9 pp), Ireland (-4.0 pp) and Belgium (-3.8 pp). Compared with the fourth quarter of 2016, two Member States registered an increase in their debt to GDP ratio at the end of the fourth quarter of 2017 and twenty six a decrease. Increases in the ratio were recorded in Luxembourg (+2.2 pp) and France (+0.4 pp), while the largest decreases were recorded in Cyprus (-9.1 pp), Malta (-5.4 pp), Austria (-5.1 pp), the Netherlands (-5.0 pp), Slovenia and Ireland (both -4.9 pp), Portugal (-4.2 pp) and Germany (-4.1 pp).

 

 

 

 

 

EN IT