EU28 government’s debts dropped to 83.4 pct in Q2, says Eurostat

At the end of the second quarter of 2017, the government debt to GDP ratio in EU28 dropped to 83.4 percent compared to the first quarter when the ratio was 83.6 percent, according to Eurostat.

Loans represented 4.1 percent of the government debt in EU28 area, which also includes Romania. Data on intergovernmental lending (IGL) is also published due to the financial involvement of the EU governments. The share of IGL in GDP in EU28 is of 1.6 percent.

The total of the government debt in EU28 is over EUR 12.5 million, while in Euro Area is only EUR 9.7 million at the end of the second quarter of 2017.

The methods and definitions of are collected in the case of Romania, Poland, Hungary and others by calculating the debt to GDP ratio for each quarter using the sum GDP for the four last quarters. Quarterly data on GDP are the most recent transmitted by the EU Member States. While quarterly debt figures are consistent with annual debt figures at coinciding publications, differences between quarterly and annual GDP figures occur, adds Eurostat.

Teodora Marinescu

Read more about

RetuRO opens its 5th counting and sorting center in Bacău County

read more