Euro Area Government Debt To GDP

Euro Area recorded a Government Debt to GDP of 92.60 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP In the Euro Area is reported by the Eurostat. Government Debt To GDP in the Euro Area averaged 75.08 Percent from 1999 until 2013, reaching an all time high of 92.60 Percent in 2013 and a record low of 66.20 Percent in 2007. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Euro Area Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
92.60 90.70 92.60 66.20 93.50 | 2014/06 1999 - 2013 Percent Yearly

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Euro Area Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Spending 417.03 2013-11-15 397.42 422.27 292.64 411.53 2014-03-31 EUR Billion [+]
Government Debt To GDP 92.60 2013-12-31 90.70 92.60 66.20 93.50 2014-06-30 Percent [+]
Credit Rating 13.59 [+]
Government Budget -3.00 2013-12-31 -3.70 0.00 -6.40 -2.66 2014-06-30 Percent of GDP [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


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Euro Area recorded a € 900 million trade surplus in January of 2014, compared with a € 13.8 billion surplus a month earlier, as imports surged 8.6 percent. January's reading is above the € 5.4 billion deficit recorded in the same month last year.
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Euro Area annual inflation came back to a 4-year low of 0.7 percent in February of 2014, revised downwards from a preliminary 0.8 percent. On a monthly basis, prices increased 0.3 percent.
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