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Euro area government debt rose to 88.2% of GDP in first three months of 2012

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Posted By: The Corner 24th July 2012

At the end of the first quarter of 2012, the government debt to GDP ratio in the euro area stood at 88.2%, compared with 87.3% at the end of the fourth quarter of 2011. Eurostat said that in the EU the ratio increased from 82.5% to 83.4%. Compared with the first quarter of 2011, the government debt to GDP ratio rose in both the euro area (from 86.2%) and the EU (from 80.4%).

At the end of the first quarter of 2012, securities other than shares accounted for 78.3% of euro area and 79.3% of EU general government debt. Loan

s made up 17.8% of euro area and 15.6% of EU government debt. Currency and deposits represented 2.8% of euro area and 3.8% of EU27 government debt.

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And for comparison purposes, we add this.

us debtgdp ratio

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.