Baku 16° C
Ratio of public debt to GDP in EU nears 80%
Finance
- 22 July, 2020
- 13:42
Add Report.az to preferred Google sources
Stay up to date with the top news!
In the first quarter of this year, due to pandemic, the ratio of government debt to Gross Domestic Product (GDP) in the European Union (EU) rose by 1.8% points to 79.5% in comparison with the last three months of the previous year, Report informs, citing the European Statistical Office (Eurostat).
Within the indicated period, the value of this proportion in the Eurozone surged to 86.3% by 2.2% points.
Throughout the same time frame, EU countries with the highest ratio were Greece (176.7%), Italy (137.6%), Portugal (120%), and the ones with minimum were Estonia (8.9%), Bulgaria (20.3%), and Luxembourg (22.3%).
Author
Latest News
00:14
Qatar, Türkiye discuss efforts to ease regional tensions
Region
00:06
Kazakhstan, Israel sign seven cooperation memorandums in Tel Aviv
Region
23:29
Tashkent hosts reception marking Azerbaijan's Victory Day
Foreign policy
23:20
Araghchi outlines Iran's seven-day plan for US talks
Region
22:46
US plans to suspend South Africa, Rwanda from duty-free trade program
Other countries
22:22
Death toll from Russian strikes on Ukrainian school rises to 24
Other countries
22:03
Atyrau–Samara oil pipeline halted after drone attack
Region
21:37
Tokayev: Those seeking to harm Kazakhstan will be held accountable
Other countries
21:18
Macron thanks Middle Eastern partners as French diesel prices fall
Other countries