Government debt down to 86.1 % of GDP in euro area | onlinenewspaper.eu

Government debt down to 86.1 % of GDP in euro area says Eurostat.

 
Official statistics in the European Union are satisfactory. According to data provided by Eurostat at the end of the third quarter of 2018, the government debt to GDP ratio in the euro area stood at 86.1%, compared with 86.3% at the end of the second quarter of 2018. In the all European Union the ratio decreased from 81.0% to 80.8%.

Despite fears that the state of indebtedness of individual European Union countries is getting worse, Eurostat data show that it is not as bad as it may seem.

The ratio of debt to GDP is obviously not the most important indicator, but it shows that the debt in most countries to GDP is decreasing. This does not mean that the total amount of debt is not increasing. It also does not mean that this situation is the same in all European Union countries.

Source: www.ec.europa.eu

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