Government debt fell to 90.1% of GDP in euro areaStaff Writer | January 24, 2017
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.
Business in Europe The involvement of EU governments
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. ■