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Estonia, Bulgaria with the lowest government debt to GDP

Greece surpasses 200% debt to GDP, Italy at 155.8%

23 April, 12:39
(ANSA) - BELGRADE, APR 23 - Estonia (18.2%) and Bulgaria (25.0%), together with Luxembourg (24.9%), were the EU member countries with the lowest ratios of government debt to GDP at the end of the fourth quarter of 2020, according to data from Eurostat released today. At the opposite end of the scale, the highest ratios were observed in Greece (205.6%), Italy (155.8%), Portugal (133.6%), Spain (120.0%), Cyprus (118.2%), France (115.7%), and Belgium (114.1%).

Due to the impact of COVID-19 containment measures, i.e.

government debt increasing and GDP decreasing, government debt to GDP ratio rose from 77.5% to 90.7% in the EU.

Compared with the third quarter of 2020, the largest increases in the ratio were observed in Hungary (+6.5 percentage points - pp), Spain (+6.0 pp), Greece (+5.9 pp), Austria (+5.0 pp), Romania (+4.2 pp) and Portugal (+3.1 pp). Compared with the fourth quarter of 2019, the largest increases in the ratio were recorded in Greece (+25.1 pp), Spain (+24.5 pp), Cyprus (+24.2 pp), Italy (+21.2 pp) and France (+18.1 pp). (ANSA).

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