Italy recorded a Government Debt to GDP of 135.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - Italy Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ratio of national debt to gross domestic product (GDP) of Italy was about 135.29 percent in 2024. From 1988 to 2024, the ratio rose by approximately 39.57 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the ratio will rise by around 2.41 percentage points, showing an overall upward trend with periodic ups and downs.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Italy debt to gdp ratio for 2022 was 139.00%, a 25.25% decline from 2021.

<ul style='margin-top:20px;'>

<li>Italy debt to gdp ratio for 2021 was <strong>164.25%</strong>, a <strong>11.88% decline</strong> from 2020.</li>
<li>Italy debt to gdp ratio for 2020 was <strong>176.13%</strong>, a <strong>28.56% increase</strong> from 2019.</li>
<li>Italy debt to gdp ratio for 2019 was <strong>147.57%</strong>, a <strong>7.66% increase</strong> from 2018.</li>
</ul>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.

In 2023, the Italian public debt reached 134 percent of the country's GDP. Since 2000, the ratio grew by more than 20 percentage points. In 2020, the government debt to GDP ratio grew to 154 percent, due to a contraction of the GDP and the increase in public spending to cope with the COVID-19 pandemic.

Private Debt to GDP in Italy decreased to 100.30 percent in 2024 from 103.40 percent in 2023. Italy Private Debt to GDP - values, historical data, forecasts and news - updated on June of 2025.

In 2021, the government debt in Italy was estimated to reach 154.2 percent of the country's GDP. In 2022, the government debt is believed to decrease by about three percentage points. Italy's debt has been increasing over the last two decades. However, the COVID-19 emergency has led the country to a higher spending and to a much larger increase in debt.

Key information about Italy Total Debt: % of GDP

• Italy Total Debt accounted for 556.8 % of the country's GDP in 2024, compared with the ratio of 562.5 % in the previous quarter.
• Italy Total Debt: % of GDP data is updated quarterly, available from Dec 1995 to Sep 2024.
• The data reached an all-time high of 736.5 % in Mar 2021 and a record low of 378.4 % in Mar 1996.

CEIC calculates quarterly Total Debt as % of Nominal GDP from quarterly Total Debt and quarterly Nominal GDP. Total Debt is calculated as Total Liabilities less Equity & Investment Fund Shares and Financial Derivatives for Central Bank, Monetary Financial Institutions excl Central Bank, Other Financial Intermediaries, Financial Auxiliaries, Insurance Corporations, Pension Funds, Non Financial Corporations, Central Government, Local Government, Social Security Funds, Household and NPISH. Bank of Italy provides Total Debt in EUR. Italian National Institute of Statistics provides Nominal GDP in EUR.

External Debt to GDP in Italy remained unchanged at 120 percent of GDP in the fourth quarter of 2024 from 120 percent of GDP in the third quarter of 2024. This dataset includes a chart with historical data for Italy External Debt To GDP.

Key information about Italy Household Debt: % of GDP

• Italy household debt accounted for 47.2 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 47.8 % in the previous quarter.
• Italy household debt to GDP ratio is updated quarterly, available from Dec 1995 to Sep 2024.
• The data reached an all-time high of 58.6 % in Dec 2020 and a record low of 26.5 % in Mar 1996.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The Bank of Italy provides Household Debt in EUR. Italian National Institute of Statistics provides Nominal GDP in EUR. Household Debt includes NPISH.


Related information about Italy Household Debt: % of GDP

• In the latest reports, Italy Household Debt reached 1,145.1 USD bn in Sep 2024.
• Money Supply M2 in Italy increased 1.3 % YoY in Dec 2024.
• Italy Foreign Exchange Reserves was measured at 51.1 USD bn in Jan 2025.
• The Foreign Exchange Reserves equaled 1.2 Months of Import in Dec 2024.
• Italy Domestic Credit reached 3,215.0 USD bn in Dec 2024, representing an increased of 2.3 % YoY.
• The country's Non Performing Loans Ratio stood at 3.0 % in Sep 2024, compared with the ratio of 3.0 % in the previous quarter.

Graph and download economic data for Outstanding Total International Debt Securities to GDP for Italy (DDDM07ITA156NWDB) from 1980 to 2020 about issues, Italy, debt, and GDP.

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.

Among the largest economies worldwide, Italy has the highest public debt interest payment to gross domestic product (GDP) ratio. In 2023, Italy paid 3.6 percent of its GDP in public debt interest payments. Among the countries in the list, Japan had the lowest public debt interest payment to GDP ratio, at 0.12 percent.

Key information about Italy External Debt: % of GDP

• Italy External Debt accounted for 129.0 % of the country's Nominal GDP in 2022, compared with the ratio of 137.8 % in the previous year.
• Italy External Debt: % of Nominal GDP data is updated yearly, available from Dec 2002 to Dec 2022.
• The data reached an all-time high of 140.2 % in Dec 2020 and a record low of 78.9 % in Dec 2002.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and quarterly Nominal GDP. The Bank of Italy provides External Debt in EUR based on BPM6. Italian National Institute of Statistics provides Nominal GDP in EUR. External Debt prior to 2008 is based on BPM5.


Related information about Italy External Debt: % of GDP

• In the latest reports of Italy, Current Account recorded a deficit of 1.7 USD bn in Apr 2023.
• Foreign Direct Investment (FDI) increased by 1.4 USD bn in Apr 2023.
• Italy Direct Investment Abroad expanded by 320.2 USD mn in Apr 2023.
• Its Foreign Portfolio Investment increased by 12.0 USD bn in Mar 2023.
• The country's External Debt reached 2,633,954.6 in Dec 2022.
• The country's Nominal GDP was reported at 538.7 USD bn in Mar 2023.

The ratio of government expenditure to GDP in Italy was approximately 50.56 percent in 2024. Between 1988 and 2024, the ratio rose by around 2.27 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is forecast to decline by about 1.08 percentage points from 2024 to 2030, fluctuating as it trends downward.Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.

Graph and download economic data for Gross Portfolio Debt Liabilities to GDP for Italy (DDDM10ITA156NWDB) from 1999 to 2020 about Italy, liabilities, gross, debt, and GDP.

The statistic shows the national debt of the United States from 2019 to 2022 in relation to the gross domestic product (GDP), with projections up until 2029. In 2022, the national debt of the United States was at around 120.03 percent of the gross domestic product. See the US GDP for further information. US finances There has been a dramatic increase in the public debt of the United States since 1990, although the month-to-month change has been quite stable over the last few months. Public debt is defined as the amount of money borrowed by a country to cover budget deficits. A ranking of individual state debt in the United States shows that California is leading by a clear margin, with more than double the amount of runner-up New York. Vermont, North Dakota and South Dakota are the states with the lowest amount of debt. Even before the recession of 2008, the national debt of the United States had been increasing steadily and excessively, and it is predicted to rise even further. Budget cuts and fewer job opportunities as a result of the crisis are taking their toll on the American economy, which is still recovering. Trade figures as well as unemployment are still below average. Subsequently, the national debt and the national debt of the United States per capita have more or less quadrupled since the 1990s. Interestingly, the United States is not even among the top ten of countries with the highest public debt in relation to gross domestic product in international comparison. Japan, Greece and Italy – among others – report far higher figures than the United States.

Key information about Italy Private Debt: % of Nominal GDP

• Italy Private Debt accounted for 57.79 % of its Nominal GDP in Dec 2024, compared with a ratio of 58.12 % in the previous quarter
• Italy Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Jun 1998 to Dec 2024, with an average share of 74.37 %
• The data reached an all-time high of 92.54 % in Sep 2011 and a record low of 50.31 % in Sep 1998

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. Private Debt is calculated as the sum of Loans to Non Financial Corporations and Households. The Bank of Italy provides Private Debt in EUR. Italian National Institute of Statistics provides Nominal GDP in EUR.

Key information about Italy National Government Debt

• Italy National Government Debt reached 3,069.8 USD bn in Dec 2024, compared with 3,168.7 USD bn in the previous month.
• Italy National Government Debt data is updated monthly, available from Jan 1957 to Dec 2024.
• The data reached an all-time high of 3,300.5 USD bn in Sep 2024 and a record low of 10.0 USD bn in Feb 1957.

CEIC converts monthly Government Debt into USD. The Bank of Italy provides Government Debt in EUR. The Federal Reserve Board period end market exchange rate is used for currency conversions.


Related information about Italy National Government Debt

• In the latest reports, Italy Consolidated Fiscal Balance recorded a deficit equal to 5.0 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 138.3 % of its Nominal GDP in Sep 2024.
• Italy Nominal GDP reached 538.7 USD bn in Mar 2023.

Households Debt in Italy decreased to 36.10 percent of GDP in the fourth quarter of 2024 from 36.20 percent of GDP in the third quarter of 2024. This dataset provides - Italy Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Household debt to GDP, in percent in Italy, September, 2024 The most recent value is 36.3 percent as of September 2024, a decline compared to the previous value of 36.5 percent. Historically, the average for Italy from March 1990 to September 2024 is 31.76 percent. The minimum of 16.3 percent was recorded in September 1990, while the maximum of 44.9 percent was reached in December 2020. | TheGlobalEconomy.com