National debt ratio in Estonia
The national debt ratio of Estonia shows the relationship between the Estonian national debt on the one hand and the Estonian nominal gross domestic product on the other.
Development in recent years
Estonia's national debt ratio increased between 2008 and 2013 due to the financial crisis . While the national debt of EUR 0.7 billion at the end of 2008 corresponded to a national debt ratio of 4.5%, the national debt ratio at the end of 2013, given a debt level of EUR 1.8 billion, reached a value of 9.8%. However, this is still the lowest value in the euro area .
Forecast development
The International Monetary Fund assumes that Estonia's national debt ratio will decrease to 8.2% by the end of 2019, with a debt level of EUR 2.1 billion. This would mean that Estonia would continue to meet the Maastricht criterion of no more than 60%.
Graphical representation
See also
- List of countries by national debt ratio
- List of European countries by national debt ratio
- Government debt ratio
Individual evidence
- ↑ International Monetary Fund: World Economic Outlook Database, October 2014, General government gross debt (National currency, Percent of GDP)