Key information about Italy Government Debt: % of GDP

• Italy Government debt accounted for 135.3 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 136.2 % in the previous quarter.
• Italy government debt to GDP ratio data is updated quarterly, available from Dec 1995 to Dec 2024.
• The data reached an all-time high of 159.9 % in Mar 2021 and a record low of 103.9 % in Dec 2007.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Bank of Italy provides Government Debt in EUR. Italian National Institute of Statistics provides Nominal GDP in EUR.


Related information about Italy Government Debt: % of GDP

• In the latest reports, Italy National Government Debt reached 3,069.8 USD bn in Dec 2024.
• The country's Nominal GDP reached 538.7 USD bn in Mar 2023.

In 2024, the budget balance in Italy amounted to about -81.47 billion U.S. dollars. Between 1988 and 2024, the figure dropped by approximately 12.80 billion U.S. dollars, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the budget balance will rise by around 10.87 billion U.S. dollars, showing an overall upward trend with periodic ups and downs.

In 2023, the government deficit in relation to the GDP in Italy decreased by around *** percentage point compared to 2022. In total, the government deficit amounted to *** percent of GDP in 2023. Net lending/net borrowing shows the financial position of a government after accounting for expenditures. Net lending means that a government is providing financial resources to other sectors, while net borrowing means that a government is borrowing resources from other sectors.

Government Debt in Italy decreased to 3056306.30 EUR Million in July from 3070793.60 EUR Million in June of 2025. This dataset provides the latest reported value for - Italy General Government Debt - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for General government gross debt for Italy (GGGDTAITA188N) from 1988 to 2024 about Italy, debt, gross, and government.

The budget balance in relation to the gross domestic product (GDP) in Italy stood at about -3.45 percent in 2024. From 1988 to 2024, the budget balance rose by approximately 7.13 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the budget balance will rise by around 0.90 percentage points, showing an overall upward trend with periodic ups and downs.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

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.

Italy recorded a government budget surplus of 11.11 EUR Billion in July of 2025. This dataset provides the latest reported value for - Italy Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The national debt of Italy amounted to approximately 3.20 trillion U.S. dollars in 2024. Following a continuous upward trend, the national debt has risen by around 2.58 trillion U.S. dollars since 1988. Between 2024 and 2030, the national debt will rise by around 619.06 billion U.S. dollars, continuing its consistent upward trajectory.

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 in Italy increased to 2686587 EUR Million in the first quarter of 2025 from 2641074 EUR Million in the fourth quarter of 2024. This dataset provides the latest reported value for - Italy External Debt - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, the Italian public debt reached 135 percent of the country's GDP. Since 2000, the ratio has grown by almost 30 percentage points. In 2020, the government debt-to-GDP ratio reached 154 percent due to a contraction of the GDP and the increase in public spending to cope with the COVID-19 pandemic.

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.

Graph and download economic data for Household Debt to GDP for Italy (HDTGPDITQ163N) from Q2 2005 to Q4 2024 about Italy, debt, households, and GDP.

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.

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 October of 2025.

External Debt to GDP in Italy increased to 122 percent of GDP in the first quarter of 2025 from 120 percent of GDP in the fourth quarter of 2024. This dataset includes a chart with historical data for Italy External Debt To GDP.

Graph and download economic data for Projection of General government gross debt for Italy (GGGDTPITA188N) from 2025 to 2030 about Italy, projection, gross, debt, and government.

Key information about Italy Consolidated Fiscal Balance: % of GDP

• Italy Consolidated Fiscal Balance recorded a deficit equal to 4.9 % of its Nominal GDP in Sep 2024, compared with a deficit equal to 5.8 % in the previous quarter
• Italy Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 1999 to Sep 2024, with an average ratio of -3.3 %
• The data reached an all-time high of -1.1 % in Mar 2000 and a record low of -10.5 % in Mar 2021

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from quarterly Consolidated Fiscal Balance and quarterly Nominal GDP. Italian National Institute of Statistics provides Consolidated Fiscal Balance in EUR and Nominal GDP in EUR.


Further information about Italy Consolidated Fiscal Balance: % of GDP

• In the latest reports, Italy National Government Debt reached 3,069.8 USD bn in Dec 2024
• Italy Nominal GDP reached 538.7 USD bn in Mar 2023

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.