National debt ratio in Austria

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The national debt ratio of Austria indicates the relationship between the Austrian national debt on the one hand and the Austrian nominal gross domestic product on the other.

Development in recent years

Austria's national debt ratio rose between 2008 and 2013 due to the financial crisis . While the national debt of 180.5 billion euros at the end of 2008 corresponded to a national debt ratio of 63.8%, the national debt ratio at the end of 2013, given a debt level of 233.3 billion euros, reached a value of 74.5%. Due to the crisis surrounding the banking group Hypo Alpe Adria and a statistical recalculation of the gross domestic product, Austria's national debt ratio rose to well over 80% by the end of 2014.

At the end of the first quarter of 2016, the Austrian government debt ratio was already 86.9% according to Eurostat, with the debt level rising to EUR 295.5 billion. This is below the average rate for the euro zone (91.7%), but slightly above that for the European Union (84.8%, both as of March 31, 2016).

Forecast development

The International Monetary Fund assumes that Austria's national debt ratio will decrease to 71.8% by the end of 2019, with a debt level of EUR 271.3 billion. This would mean that Austria would still fail to meet the Maastricht criterion by a maximum of 60%.

Graphical representation

Historic national debt ratio of Austria from 2002 to 2015 including estimate by the IMF until 2021

See also

Individual evidence

  1. ↑ International Monetary Fund: World Economic Outlook Database, October 2014, General government gross debt (National currency, Percent of GDP)
  2. ↑ Wirtschaftsblatt: Austria's debt ratio now over 80 percent after the change in statistics ( memento from October 4, 2014 in the Internet Archive ) September 30, 2014, accessed on March 5, 2015.
  3. ↑ a b Eurostat: Public debt in the euro area increased to 91.7% of GDP, press release of July 22, 2016, accessed on July 24, 2016.