Government debt ratio in Ireland
The government debt ratio of Ireland is the ratio between the Irish national debt on the one hand and the Irish nominal gross domestic product on the other hand.
Development in recent years
Ireland's sovereign debt ratio rose between 2008 and 2013 due to the financial crisis . While the national debt of 79.6 billion euros at the end of 2008 corresponded to a government debt ratio of 42.6%, the national debt ratio at the end of 2013, given a debt level of 202.9 billion euros, reached a value of 116.1%.
Forecast development
The International Monetary Fund assumes that Ireland's national debt ratio will decline to 97.5% by the end of 2019, with a debt level of EUR 210.9 billion. Ireland would then continue to fail to meet the Maastricht criterion of 60% or less.
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)