Italy Government Debt To GDP

Italy recorded a Government Debt to GDP of 132.60 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP in Italy is reported by the Eurostat. Government Debt To GDP in Italy averaged 110.70 Percent from 1988 until 2013, reaching an all time high of 132.60 Percent in 2013 and a record low of 90.50 Percent in 1988. 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 - Italy Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
132.60 127.00 132.60 90.50 135.43 | 2014/06 1988 - 2013 Percent Yearly

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Italy Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 132.60 2013-12-31 127.00 132.60 90.50 135.43 2014-06-30 Percent [+]
Government Budget Value 13.59 2014-01-31 -83.82 23.48 -103.23 8.81 2014-02-28 EUR Billion [+]
Government Spending 72128.20 2013-11-15 72001.00 76101.20 60996.40 71976.93 2014-03-31 EUR Million [+]
Credit Rating 62.09 [+]
Government Budget -3.00 2013-12-31 -3.00 -0.80 -7.40 -2.84 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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