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Government debt up to 86.3% of GDP in euro area

Government debt up to 86.3% of GDP in euro area

At the end of the first quarter of 2020, the quarter in which COVID-19 containment measures began to be widely introduced by Member States, the government debt to GDP ratio in the euro area stood at 86.3%, compared with 84.1% at the end of the fourth quarter of 2019. In the EU, the ratio increased from 77.7% to 79.5%. Compared with the first quarter 2019, the government debt to GDP ratio fell in both the euro area (from 86.4% to 86.3%) and the EU (from 80.0% to 79.5%). The impacts of the containment measures as well as policy responses to the containment measures are expected to materialise fully in increased financing needs only in the second quarter of 2020.

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Release date: 22/07/2020
 

Additional information

Product Code: 2-22072020-AP
Theme: Economy and finance
Collection: News releases