National debt ratio in Lithuania
The national debt ratio of Lithuania indicates the relationship between the Lithuanian national debt on the one hand and the Lithuanian nominal gross domestic product on the other.
Development in recent years
Lithuania's national debt ratio increased between 2008 and 2013 due to the financial crisis . Whereas the national debt of 5.2 billion euros at the end of 2008 corresponded to a national debt ratio of 15.5%, the national debt ratio at the end of 2013, given a debt level of 14.1 billion euros, reached a value of 39.3%. (The debt levels in the source are still in litas as Lithuania did not join the euro until January 1, 2015.)
Forecast development
The International Monetary Fund assumes that the sovereign debt ratio of Lithuania will decrease to 36.2% by the end of 2019, with a debt level of 18.4 billion euros. This would mean that Lithuania 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)