Government Debt in Greece decreased to 554311.58 EUR Million in the third quarter of 2024 from 554589.54 EUR Million in the second quarter of 2024. This dataset provides the latest reported value for - Greece Central Government Debt - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

Graph and download economic data for Outstanding International Public Debt Securities to GDP for Greece (DDDM06GRA156NWDB) from 1991 to 2020 about Greece, public, debt, securities, and GDP.

Greece GR: Gross Public Debt: % of GDP: Budgetary Central Government: Debt Securities data was reported at 37.857 % in Jun 2018. This records a decrease from the previous number of 37.894 % for Mar 2018. Greece GR: Gross Public Debt: % of GDP: Budgetary Central Government: Debt Securities data is updated quarterly, averaging 62.010 % from Mar 2007 (Median) to Jun 2018, with 46 observations. The data reached an all-time high of 133.152 % in Dec 2011 and a record low of 36.797 % in Dec 2017. Greece GR: Gross Public Debt: % of GDP: Budgetary Central Government: Debt Securities data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Greece – Table GR.World Bank.QPSD: Gross Public Debt: % of GDP: Budgetary Central Government.

Greece Central Government Debt: ow Guaranteed data was reported at 10,557.100 EUR mn in Sep 2018. This records a decrease from the previous number of 10,600.040 EUR mn for Jun 2018. Greece Central Government Debt: ow Guaranteed data is updated quarterly, averaging 16,508.150 EUR mn from Dec 2001 (Median) to Sep 2018, with 68 observations. The data reached an all-time high of 25,667.900 EUR mn in Sep 2009 and a record low of 7,808.800 EUR mn in Mar 2002. Greece Central Government Debt: ow Guaranteed data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Greece – Table GR.F009: Central Government Debt.

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.

This statistic shows the percentage change on the previous year for general government consolidated gross debt as a share of gross domestic product (GDP) in Greece from 2011 to 2017. The largest change in this period occurred in 2012 when there was a decline of -26.8 percent.

This line chart displays central government debt (% of GDP) by date using the aggregation average, weighted by gdp and is filtered where the country is Greece. The data is about countries per year.

Greece Central Government Debt: Annual data was reported at 328,703.840 EUR mn in 2017. This records an increase from the previous number of 326,358.140 EUR mn for 2016. Greece Central Government Debt: Annual data is updated yearly, averaging 239,364.000 EUR mn from Dec 1997 (Median) to 2017, with 21 observations. The data reached an all-time high of 367,978.000 EUR mn in 2011 and a record low of 114,570.800 EUR mn in 1997. Greece Central Government Debt: Annual data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Greece – Table GR.F009: Central Government Debt.

Greece Central Government Debt: Up to 1 Year data was reported at 46,220.900 EUR mn in Sep 2018. This records an increase from the previous number of 45,516.900 EUR mn for Jun 2018. Greece Central Government Debt: Up to 1 Year data is updated quarterly, averaging 37,651.121 EUR mn from Dec 2014 (Median) to Sep 2018, with 16 observations. The data reached an all-time high of 46,220.900 EUR mn in Sep 2018 and a record low of 31,769.900 EUR mn in Mar 2016. Greece Central Government Debt: Up to 1 Year data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Greece – Table GR.F009: Central Government Debt.

During the Great Recession of 2008-2009, the advanced economies of the G7 experienced a period of acute financial crises, downturns in the non-financial economy, and political instability. The governments of these countries in many cases stepped in to backstop their financial sectors and to try to stimulate their economies. The scale of these interventions was large by historical standards, with observers making comparisons to the measures of the New Deal which the U.S. undertook in the 1930s to end the Great Depression.

The bailouts of financial institutions and stimulus packages caused the government debt ratios of the United States, United Kingdom, and Japan in particular to rise sharply. The UK's government debt ratio almost doubled due to the bailouts of Northern Rock and Royal Bank of Scotland. On the other hand, the increases in government debt in the Eurozone were more measured, due to the comparative absence of stimulus spending in these countries. They would later be hit hard during the Eurozone crisis of the 2010s, when bank lending to the periphery of the Eurozone (Portugal, Spain, Ireland and Greece in particular) would trigger a sovereign debt crisis. The Canadian government, led by a Conservative premier, engaged in some fiscal stimulus to support its economy, but these packages were small in comparison to that in most other of the G7 countries.

Greece GR: Gross Public Debt: USD: General Government data was reported at 376.994 USD bn in Jun 2018. This records a decrease from the previous number of 397.436 USD bn for Mar 2018. Greece GR: Gross Public Debt: USD: General Government data is updated quarterly, averaging 343.909 USD bn from Mar 2000 (Median) to Jun 2018, with 74 observations. The data reached an all-time high of 494.375 USD bn in Jun 2011 and a record low of 129.801 USD bn in Sep 2000. Greece GR: Gross Public Debt: USD: General Government data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Greece – Table GR.World Bank.QPSD: Gross Public Debt: General Government.

Greece GR: Gross Public Debt: USD: Central Government: Loans data was reported at 312.938 USD bn in Jun 2018. This records a decrease from the previous number of 330.006 USD bn for Mar 2018. Greece GR: Gross Public Debt: USD: Central Government: Loans data is updated quarterly, averaging 52.213 USD bn from Mar 2000 (Median) to Jun 2018, with 74 observations. The data reached an all-time high of 333.927 USD bn in Jun 2014 and a record low of 32.990 USD bn in Sep 2000. Greece GR: Gross Public Debt: USD: Central Government: Loans data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Greece – Table GR.World Bank.QPSD: Gross Public Debt: Central Government.

Greece GR: Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year: Insurance, Pensions and Standardized Guarantee Schemes data was reported at 0.031 % in Dec 2018. This records an increase from the previous number of 0.031 % for Sep 2018. Greece GR: Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year: Insurance, Pensions and Standardized Guarantee Schemes data is updated quarterly, averaging 0.000 % from Dec 1997 (Median) to Dec 2018, with 85 observations. The data reached an all-time high of 0.261 % in Dec 2011 and a record low of 0.000 % in Dec 2009. Greece GR: Gross Public Debt: % of GDP: Central Government: Long Term: Over 1 Year: Insurance, Pensions and Standardized Guarantee Schemes data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Greece – Table GR.World Bank.QPSD: Gross Public Debt: % of GDP: Central Government.

In September 2023, the national debt of the United States had risen up to 33.17 trillion U.S. dollars. The national debt per capita had risen to 85,552 U.S. dollars in 2021. As represented by the statistic above, the public debt of the United States has been continuously rising.

U.S. public debt Public debt, also known as national and governmental debt, is the debt owed by a nations’ central government. In the case of the U.S., national debt is owed by the federal government to Treasury security holders. Generally speaking, government debt increases with government spending, and can be decreased through taxes. During the COVID-19 pandemic, the U.S. government increased spending significantly to finance virus infrastructure, aid, and various forms of economic relief.

International public debt

Venezuela leads the global ranking of the 20 countries with the highest public debt in 2021. In relation to the Gross Domestic Product (GDP), Venezuela's public debt amounted to around 306.95 percent of GDP. Eritrea was ranked fifth, with an estimated debt of 170 percent of the Gross Domestic Product.

The national debt of the United Kingdom is forecasted to grow from 87 percent in 2022 to 70 percent in 2027, in relation to the Gross Domestic Product. These figures include England, Wales, Scotland as well as Northern Ireland.

Greece had the highest national debt among EU countries as of the 4th quarter of 2020 in relation to the Gross Domestic Product. Germany ranked 13th in the EU, with its national debt amounting to 69 percent of GDP in the same time period.

Tuvalu was one of the 20 countries with the lowest national debt in 2021 in relation to the GDP, while Macao had an estimated level of national debt of zero percent, the lowest of any country. The data refer to the debts of the entire state, including the central government, the provinces, municipalities, local authorities and social insurance.

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.