Ireland Government Debt To GDP

Ireland recorded a Government Debt to GDP of 117.40 percent of the countrys Gross Domestic Product in 2012. Government Debt To GDP in Ireland is reported by the Eurostat. From 1980 until 2012, Ireland Government Debt To GDP averaged 71.3 Percent reaching an all time high of 117.4 Percent in December of 2012 and a record low of 24.8 Percent in December of 2006. 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 - Ireland Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
117.40 104.10 117.40 24.80 127.21 | 2013/12 1980 - 2012 Percent Yearly

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Ireland Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Budget Value -1752.00 2013-12-31 -1254.00 6733.00 -4927.00 -2133.67 2014-03-31 EUR Million [+]
Government Spending 6182.00 2013-11-15 6172.00 7348.00 4235.00 6199.00 2014-03-31 EUR Million [+]
Government Debt To GDP 117.40 2012-12-31 104.10 117.40 24.80 127.21 2013-12-31 Percent [+]
Credit Rating 56.86 [+]
Government Budget -8.20 2012-12-31 -13.10 4.80 -30.60 -7.30 2013-12-31 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.


RELATED NEWS

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Irish annual consumer prices rose 0.2 percent in March of 2014, following a 0.1 percent fall in February, mainly due to higher cost of services.
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Ireland’ seasonally adjusted jobless rate fell for the third consecutive month in March of 2014 to 11.8 percent, down from 11.9 percent in the previous month, and 13.7 percent a year earlier.
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Irish trade balance widened 10.13 percent over a year earlier to € 3.09 billion in the first month of 2014. Compared with December of 2013, the trade surplus narrowed 9.1 percent.
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Irish annual inflation rate dropped to -0.1 percent in February of 2014, from 0.2 percent in the previous month. It is the first time since July of 2010 the inflation rate enters in negative territory.
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In February of 2014, Ireland’s jobless rate continued its downward trend and fell to 11.9 percent, down from a revised 12 percent in the previous month.
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In 2013, Irish trade surplus decreased to € 37.25 billion, down from € 42.54 billion in 2012, hurt by lower exports of medical and pharmaceutical products and a fall in petroleum sales. This is the lowest annual trade surplus since 2008.
Irish Unemployment Down to 12.3% in January  
In January of 2014, Irish jobless rate declined for the eight straight month to 12.3 percent, from 12.4 percent in December last year. A year earlier, unemployment reached 13.8 percent.
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