22 Jul 2015
Euro area government debt to GDP ratio rises in Q1 2015 - Eurostat
FXStreet (Mumbai) - As per the data released by Eurostat, the statistical office of the European Union, at the end of the first quarter of 2015 the government debt to GDP ratio in the Euro area stood at 92.9%, compared with 92.0% at the end of the fourth quarter of 2014.
In the whole bloc the ratio increased from 86.9% to 88.2%. Compared with the first quarter of 2014, the government debt to GDP ratio rose in both the euro zone (from 91.9% to 92.9%) and the whole EU (from 86.2% to 88.2%).
According to the Eurostat press release, at the end of the first quarter of 2015, "debt securities accounted for 79.1% of euro area and for 80.8% of EU general government debt. Loans made up 18.0% and 15.2% respectively and currency and deposits represented 2.9% of euro area and 3.9% of EU28 government debt."
In the whole bloc the ratio increased from 86.9% to 88.2%. Compared with the first quarter of 2014, the government debt to GDP ratio rose in both the euro zone (from 91.9% to 92.9%) and the whole EU (from 86.2% to 88.2%).
According to the Eurostat press release, at the end of the first quarter of 2015, "debt securities accounted for 79.1% of euro area and for 80.8% of EU general government debt. Loans made up 18.0% and 15.2% respectively and currency and deposits represented 2.9% of euro area and 3.9% of EU28 government debt."