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Euro Area Debt to GDP Ratio

The Euro Area's debt-to-GDP ratio increased to 87.1% in 2024 from 87% in 2023. This rise stems from increased government spending on defense and infrastructure, notably in Germany. Debt securities constituted 84.0% of this debt with loans at 13.5% and currency and deposits at 2.5%. Despite a decrease in the overall deficit to -3.1% in 2024 from -3.5% in 2023, the debt ratio edged higher. Euro Area's record low debt to GDP was 66.1% in 2007 and record high was 96.5% in 2020.

Yearly Historical Data (1995-2024)

(in %)
Year Debt to GDP Ratio
2024 87.1%
2023 87%
2022 89.5%
2021 93.9%
2020 96.5%
2019 83.6%
2018 85.6%
2017 87.5%
2016 89.9%
2015 91%
2014 93.5%
2013 93.3%
2012 91.2%
2011 87.7%
2010 85.8%
2009 80.3%
2008 69.7%
2007 66.1%
2006 68.4%
2005 70.4%
2004 69.7%
2003 69.4%
2002 68.1%
2001 68.2%
2000 69.2%
1999 71.6%
1998 72.5%
1997 72.9%
1996 73.4%
1995 71.6%
Euro Area Debt to GDP Ratio : Definition
Euro area government debt to GDP is a ratio showing a government's debt relative to its economic output. It's calculated by dividing total government debt by gross domestic product. Higher ratios can signal fiscal stress.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 2.7% 1.7% Dec'24
Interest Rate 2.15% 2.15% Sep'25
Private Credit (% GDP) 77.8% 80.15% 2024