The government debt to GDP ratio in the Euro Area fell to 95.6 percent at the end of 2021 from a downwardly revised 97.2 percent in 2020. Government expenditure was equivalent to 52.4% of GDP in 2021 (vs 53.6% in 2020) and government revenue to 47.3% (vs 46.5% in 2020). Considering the European Union as a whole, the government debt to GDP decreased to 88.1% from 90%. The lowest ratios of government debt to GDP were recorded in Estonia (18.1%), Luxembourg (24.4%), Bulgaria (25.1%), Denmark and Sweden (both 36.7%). Fourteen Member States had government debt ratios higher than 60% of GDP, with the highest registered in Greece (193.3%), Italy (150.8%), Portugal (127.4%), Spain (118.4%), France (112.9%), Belgium (108.2%) and Cyprus (103.6%). source: EUROSTAT
Government Debt to GDP in the Euro Area averaged 79.39 percent of GDP from 1995 until 2021, reaching an all time high of 97.20 percent of GDP in 2020 and a record low of 66 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 May of 2022.
Government Debt to GDP in Euro Area is expected to reach 101.00 percent of GDP by the end of 2022, 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 97.00 percent of GDP in 2023 and 95.00 percent of GDP in 2024, according to our econometric models.