Government debt down to 89.9% of GDP in euro area

At the end of the third quarter of 2023, the general government gross debt to GDP ratio in the euro area (EA20) stood at 89.9%, compared with 90.3% at the end of the second quarter of 2023. In the EU, the ratio also decreased from 83.0% to 82.6%. Compared with the third quarter of 2022, the government debt to GDP ratio also decreased in both the euro area (from 92.2% to 89.9%) and the EU (from 84.6% to 82.6%).