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Government debt fell to 90.1% of GDP in euro area

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Staff Writer | January 24, 2017
Hanover port
Business in Europe   The involvement of EU governments

At the end of the third quarter of 2016, the government debt to GDP ratio in the euro area (EA19) stood at 90.1%, compared with 91.2% at the end of the second quarter of 2016.

In the EU28, the ratio decreased from 84.2% to 83.3%. Compared with the third quarter of 2015, the government debt to GDP ratio fell in both the euro area (from 91.5% to 90.1%) and the EU28 (from 85.9% to 83.3%).

At the end of the third quarter of 2016, debt securities accounted for 79.7% of euro area and for 81.0% of EU28 general government debt. Loans made up 17.3% and 15.1% respectively and currency and deposits represented 3.0% of euro area and 3.9% of EU28 government debt.

Due to the involvement of EU governments in financial assistance to certain Member States, quarterly data on intergovernmental lending (IGL) is also published.

The share of IGL in GDP at the end of the third quarter of 2016 amounted to 2.2% in the euro area and to 1.6% in the EU28.


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