Government debt as a share of GDP has increased in the euro area and the EU

By: Trademagazin editor Date: 2021. 01. 22. 11:03

The ratio of government debt to gross domestic product (GDP) increased by the end of the third quarter, compared to the quarter and a year earlier as a result of the coronavirus pandemic in the European Union and the euro area.

The union’s statistical office (Eurostat) said on Friday that government debt in the 19-nation eurozone had risen to 97.3 percent of GDP by the end of September from the 95 percent of a three months earlier. At the end of the third quarter of 2019, the indicator is lower: 85.8 percent. (MTI)