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