National debt ratio in Spain

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

Development in recent years

Spain's national debt ratio rose between 2008 and 2013 due to the financial crisis and the euro crisis . Whereas the national debt of 437.0 billion euros at the end of 2008 corresponded to a government debt ratio of 40.2%, the national debt ratio at the end of 2013, given a debt level of 960.6 billion euros, reached a value of 93.9%. In 2014, despite the government's austerity policy, the rate is expected to rise further to around 98%.

At the end of the 2nd quarter of 2015, the Spanish government debt ratio was already 97.8% according to Eurostat, with the debt level rising to EUR 1,054.0 billion. It is thus still above the average rates for the euro zone (92.2%) and for the European Union (87.8%, both as of June 30, 2015).

Forecast development

The International Monetary Fund assumes that Spain's national debt ratio will rise to 99.6% by the end of 2019, with a debt level of EUR 1,191.5 billion. This would mean that Spain would still fail to meet the Maastricht criterion by a maximum of 60%.

Graphical representation

Historical sovereign debt ratio of Spain from 2000 to 2013 including an estimate by the IMF up to 2019

See also

Individual evidence

  1. ↑ International Monetary Fund: World Economic Outlook Database, October 2014, General government gross debt (National currency, Percent of GDP)
  2. ↑ Handelszeitung: Spain's national debt hit new highs February 17, 2015. Accessed March 5, 2015.
  3. ↑ a b Eurostat: Public debt in the euro area fell to 92.2% of GDP, press release of 23 October 2015, accessed on 26 October 2015.