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- Government debt in the Eurozone reached 91.9% of GDP in 2014
Government debt in the Eurozone reached 91.9% of GDP in 2014
According to Eurostat, government debt in the Eurozone reached 91.9% of GDP in 2014. It was the highest level since the euro was introduced in 1999. Only 4 of the Eurozone's 19 countries were below the Maastricht Treaty's 60% debt limit.
The highest ratios of government debt were recorded in Greece (177.1% of GDP), followed by Italy (132.1%), Portugal (130.2%) and Ireland (109.7%).
The lowest ratios of government debt were recorded in in Estonia (10.6%), Luxembourg (23.6%) and Latvia (40.0%).
Germany' ratio of government debt decreased to 74.7% in 2014 from 77.1% in 2013.
France's ratio of government debt rose to 95% in 2014 from 92.3% in 2013.
UK's ratio of government debt declined to 89.4% in 2014 from 87.3% in 2013.
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