Government debt ratio in Greece

The national debt ratio of Greece is a financial debt ratio . Calculating the ratio by dividing: Greek sovereign debt at the time X divided by the nominal gross domestic product (GDP) at the time X. The net borrowing , however, is a time- space- related quantity and no quota.

Development since 2009

→ Main article : Greek sovereign debt crisis

→ Main article : Greece's national debt

The national debt ratio in Greece has increased significantly overall since 2007. The rate grew particularly strongly in 2009 ( economic crisis in many industrialized countries), 2010 and 2011 . At the end of 2008, the national debt was 263.3 billion euros (national debt ratio 112.9%); At the end of 2013, the national debt was 318.7 billion euros and the national debt ratio was 175.1%. In 2015, the national debt ratio according to Eurostat was 177.4%.

forecast

In October 2014, the International Monetary Fund published a forecast according to which Greece's national debt ratio could fall to 135.3% by the end of 2019 if certain factors (e.g. economic growth) were to occur, with a debt level of EUR 308.8 billion. This would mean that Greece would still clearly fail to meet the Maastricht criterion of a maximum of 60%.

Web links

• IMF: World Economic Outlook - October 2015

See also

• List of countries by national debt ratio
• List of European countries by national debt ratio
• National debt crisis in the euro area
• History of Greece # After the turn of the millennium

Individual evidence

1. ↑ International Monetary Fund : World Economic Outlook Database, October 2014, General government gross debt (National currency, Percent of GDP)
2. ↑ Eurostat database , government gross debt - annual data. Code: teina225.