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Italy Debt to GDP Ratio

Italy's government debt-to-GDP ratio held steady at 135% in 2024, mirroring the 2023 figure. This stability results from low GDP growth of 0.7% in both years. Although Italy's budget deficit decreased to 3.4% of GDP in 2024 from 7.2% in 2023 due to reduced spending and higher tax revenues, the large existing debt stock prevented a decline in the debt-to-GDP ratio. Italy's record low government debt to gdp was 90.5% in 1988 and record high was 154.9% in 2020.

Yearly Historical Data (1988-2024)

(in %)
Year Debt to GDP Ratio
2024 135%
2023 135%
2022 138.3%
2021 145.7%
2020 154.9%
2019 134.2%
2018 134.5%
2017 134.2%
2016 134.8%
2015 135.3%
2014 135.4%
2013 132.5%
2012 126.5%
2011 119.7%
2010 119.2%
2009 116.6%
2008 106.2%
2007 103.9%
2006 106.7%
2005 106.6%
2004 105.1%
2003 105.5%
2002 106.4%
2001 108.9%
2000 109%
1999 113.3%
1998 114.1%
1997 116.8%
1996 119.1%
1995 119.4%
1994 121.8%
1993 115.6%
1992 105.2%
1991 98%
1990 94.7%
1989 93.1%
1988 90.5%
Italy Debt to GDP Ratio : Definition
Italy's government debt to GDP shows its debt relative to its economic output. It's calculated by dividing total government debt by gross domestic product. A higher ratio suggests greater repayment challenges.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 1.1% 0.2% Dec'24
Private Credit (% GDP) 60.57% 63.46% 2024