This dataset provides values for GOVERNMENT DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In the third quarter of 2024, Greece's national debt was the highest in all the European Union, amounting to 158 percent of Greece's gross domestic product. In spite of Greece's total being high by EU standards, it marks a substantial decrease from the historical high point reached by the country's national debt of 207 percent of GDP in 2020. Italy, France, Spain, Belgium, and Portugal also all have government debt worth over one year's production of their economies, while the small Baltic country of Estonia has the smallest national debt when compared with GDP, at only 24 percent. In debitum incrementum?A country’s national debt, also known as government debt or public debt, is defined as all borrowings owed by the government of a country. It usually comprises internal debt – owed to other governmental departments – and external debt, which is held by the public and is owed to government bond owners. National debt can be caused by a struggling economy in general, or by low tax income, which usually leads to money being borrowed from other governments for support, which in turn cannot be paid back right away. At first glance, a high national debt is not always a sign of a struggling economy – but since increasing debt can slow down economic growth significantly, it is imperative for the respective government to seek a steady reduction in the long run.

This statistic shows the national debt in the member states of the European Union in the second quarter of 2024. The data refer to the entire state and are comprised of the debts of central government, provinces, municipalities, local authorities and social security. In the second quarter of 2024, Greece's national debt amounted to about 369.4 billion euros. National debt in the EU member states National or government debt is the debt owed by a central government. No country in the European Union is debt-free, although some are able to manage their debts better than others. Debt is influenced by the economic situation of a country, factors such as unemployment, the rate of inflation or the trade figures have a significant impact on its extent, and are, in turn, influenced by the national debt. The economic crisis has hit some EU countries harder than others; Spain, Ireland and Greece especially have been struggling economically since 2008. Greece’s national debt has skyrocketed over the past few years, and the same can be said about Spain and Ireland. Other EU countries, like France and the United Kingdom have been affected as well, albeit not as severely. The national debt of a country can be reduced by applying several measures: money can be borrowed (for example in the form of rescue packages), austerity programs can be enforced, taxes can be increased or central banks can inject liquidity into the economy through the implementation of quantitative easing policies. Some critics of the policy claim that this could lead to a higher level of inflation, which, if severe enough, could have a detrimental impact on living standards.

The average level of government debt to GDP ratios in the European Union and the Euro currency area increased rapidly following the Global Financial Crisis of 2007-2008 and subsequent recession, peaking in the Eurozone at 93.2 percent of GDP. This figure was exceeded once more in 2020 due to increased borrowing due to the COVID-19 pandemic, with the Eurozone average now being over 90% of yearly production. The debt to GDP ratio measures the stock of government debt which is yet to be paid off in relation to the Gross Domestic Product of a country or region, which is the monetary value of goods and services produced and sold in a year. This ratio gives a clearer picture of debt sustainability than by looking at the absolute value of debt, as a country with a large economy may be able to easily pay off debts which seem large in absolute terms, but are in fact small in comparison to GDP.

This dataset provides values for HOUSEHOLDS DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

France recorded a Government Debt to GDP of 110.60 percent of the country's Gross Domestic Product in 2023. This dataset provides the latest reported value for - France Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

Denmark, the Netherlands, and Norway were among the European countries with most indebted households in 2023 and 2024. The debt of Dutch households amounted to 200 percent their disposable income in , as they had a ratio of over 180 percent in the second quarter of 2024. Meanwhile, Norwegian households' debt represented 233 percent of their income. However, households in most countries were less indebted, with that ratio amounting to 97 percent in the Euro area. Less indebtedness in Western and Northern Europe There were several European countries where household's debts outweighed their disposable income. Most of those countries were North or West European. However, the indebtedness ratio in Denmark has been decreasing during the past decade. As the debt of Danish households represented nearly 273 percent in the last quarter of 2014, which has fallen very significantly by 2024. Other countries with indebted households have been following similar trends. The households' debt-to-income ratio in the Netherlands has also fallen from over 275 percent in 2013 to 200 percent in 2024. Debt per adult in Europe In Europe, the value of debt per adult varies considerably from an average of around 10,000 U.S. dollars in Europe to a much higher level in certain countries such as Switzerland. Debts can be formed in a number of ways. The most common forms of debt include credit cards, medical debt, student loans, overdrafts, mortgages, automobile financing and personal loans.

This statistic shows a forecast of the national debt of selected euro countries from 2020 to 2024 in relation to the gross domestic product (GDP). The national debt figures include the debt of the central state, the states, the communities and the parishes, as well as social security. In Greece, the national debt is estimated to amount 154.4 percent of the GDP in 2024.

European Union General Government Debt: % of GDP: EA 20 data was reported at 87.400 % in 2023. This records a decrease from the previous number of 89.500 % for 2022. European Union General Government Debt: % of GDP: EA 20 data is updated yearly, averaging 80.000 % from Dec 1995 (Median) to 2023, with 29 observations. The data reached an all-time high of 96.500 % in 2020 and a record low of 65.900 % in 2007. European Union General Government Debt: % of GDP: EA 20 data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.F008: Eurostat: General Government: Percentage of GDP: ESA 2010.

For the purpose of the Excessive Deficit Procedure (EDP) in the Economic and monetary union (EMU), as well as for the Growth and Stability Pact, the current Protocol 12, annexed to the 2012 consolidated version of the Treaty on the Functioning of the European Union, provides a complete definition of government debt: debt means total gross debt at nominal (face) value outstanding at the end of the year and consolidated between and within the sectors of general government. This definition is supplemented by Council Regulation (EC) No 479/2009, as amended by the Commission Regulation (EU) No 220/2014 (which has only updated references to ESA 2010 instruments) specifying the components of government debt with reference to the definitions of financial liabilities in ESA 2010. In this context, the stock of government debt in the Excessive Deficit Procedure (EDP debt) is equal to the sum of liabilities, at the end of year, of all units classified within the general government sector (S.13) in the following categories: AF.2 (currency and deposits) + AF.3 (debt securities) + AF.4 (loans). Basic data are expressed in national currency, converted into euro using end-year exchange rates for the euro provided by the European Central Bank (ECB). The MIP headline indicator is calculated as: [GGDt/GDPt]*100. The indicative threshold is 60% of GDP. The data are expressed in millions of units of national currency and in % of GDP.

The value of the debt per adult in Europe in 2022 varied a lot from country to country. While Swiss adults had on average over 151,600 U.S. dollars of debt in 2022, adults from Azerbaijan had a debt of 540 dollars. Meanwhile, the average volume of debt in Europe that year was almost 25,000 U.S. dollars per adult. The household debt to disposable income ratio in Europe follows a similarly varied distribution. As varied as the volume of debts in Europe are, the most common forms of debt are still very similar and they tend to include: credit cards, medical debt, student loans, overdrafts, mortgages, automobile financing and personal loans.

France debt to gdp ratio for 2022 was 98.66%, a 18.23% decline from 2021.

• France debt to gdp ratio for 2021 was 116.89%, a 6.29% decline from 2020.
• France debt to gdp ratio for 2020 was 123.17%, a 18.21% increase from 2019.
• France debt to gdp ratio for 2019 was 104.96%, a 3.34% increase from 2018.

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

European Households Gross Debt-to-Income Ratio by Country, 2023 Discover more data with ReportLinker!

External Debt in France increased to 7352710 EUR Million in the third quarter of 2024 from 7166551 EUR Million in the second quarter of 2024. This dataset provides - France External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.

European Union General Government Debt: % of GDP: EA 19 data was reported at 85.100 % in 2018. This records a decrease from the previous number of 87.100 % for 2017. European Union General Government Debt: % of GDP: EA 19 data is updated yearly, averaging 79.200 % from Dec 2000 (Median) to 2018, with 19 observations. The data reached an all-time high of 92.000 % in 2014 and a record low of 65.000 % in 2007. European Union General Government Debt: % of GDP: EA 19 data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.F008: Eurostat: General Government: Percentage of GDP: ESA 2010.

Graph and download economic data for Outstanding International Private Debt Securities to GDP for France (DDDM05FRA156NWDB) from 1980 to 2020 about France, debt, securities, private, and GDP.

European Inward FDI Positions - Debt by Country, 2023 Discover more data with ReportLinker!

Several European Union member states have struggled with high levels of public debt in the period since the Global Financial Crisis. In particular, Greece's debt skyrocketed during the recession which followed the crisis, culminating in a period of intense political and social upheaval during the early 2010s in which the country came close to having to leave the Euro single currency zone. Along with Italy, Portugal, Spain and France, Greece is part of a group of EU members who have seen their debt soar to a value worth over one year's aggregate production in their economies (i.e. 100% of GDP) due to slow economic growth coupled with increasing public liabilities due to the need to provide emergency support to their domestic financial systems. Belgium, while also a part of this group of high-debt ratio countries has quite different circumstances, as its debt ratio has in fact fallen since the 1990s, remaining 20 percent below its 1995 level, even after a spike due to the COVID-19 pandemic.

Forecast: Social Security Government Debt in France 2024 - 2028 Discover more data with ReportLinker!