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Monday, 22 July 2013

Euro area government debt up to 92.2% of GDP in Q1 2013

By Eurostat

At the end of the first quarter of 2013, the government debt to GDP ratio in the euro area (EA17) stood at 92.2%, compared with 90.6% at the end of the fourth quarter of 2012. In the EU273 the ratio increased from 85.2% to 85.9%. Compared with the first quarter of 2012, the government debt to GDP ratio rose in both the euro area (from 88.2% to 92.2%) and the EU27 (from 83.3% to 85.9%).

At the end of the first quarter of 2013, securities other than shares accounted for 77.1% of euro area and for 79.0% of EU27 general government debt. Loans made up 18.4% and 15.9% respectively of government debt. Currency and deposits represented 2.7% of euro area and 3.6% of EU27 government debt.

Due to the involvement of EU governments in financial assistance to certain Member States, and in order to obtain a more complete picture of the evolution of government debt, quarterly data on intergovernmental lending (IGL) is also published. The share of IGL in GDP at the end of the first quarter of 2013 amounted to 2.1% for the euro area and to 1.6% for the EU27.

Read the full press release here.

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