National debt ratio in Slovakia
The national debt ratio of Slovakia indicates the relationship between the Slovak national debt on the one hand and the Slovak nominal gross domestic product on the other.
Development in recent years
The national debt ratio of Slovakia increased between 2008 and 2013 due to the financial crisis . While the national debt of 18.6 billion euros at the end of 2008 corresponded to a national debt ratio of 27.9%, the national debt ratio at the end of 2013, given a debt level of then 40 billion euros, reached a value of 55.4%.
At the end of the 2nd quarter of 2015, the Slovak government debt ratio according to Eurostat was 54.5% with a debt level of 41.6 billion euros. It is thus still well below 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 Slovakia's national debt ratio will decrease to 49.3% by the end of 2019, with a debt level of EUR 45.7 billion. This would mean that Slovakia 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)
- ↑ 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.