EU debt down to 85.1% of GDP

EU debt down to 85.1% of GDP

EU’s euro zone public debt was down to 85.1% of gross domestic product (GDP) at the end of the fourth quarter of 2018: 9,859 billion euros. The debt amounted to 86.4% end of September (3rdquarter) and 87.1% a year ago. On a quarterly basis, the ratio also decreased in the EU from 81 to 80%, according to Eurostat figures.

Belgium in 5th place is still among the worst performers (102% of its GDP or 459,651 billion euros), after Greece (181.1%), Italy (132.2%), Portugal (121.5%) and Cyprus (102.5%).

Belgium’s public debt has however declined by 3.3% on a quarterly basis and 1.4% annually.

The Brussels Times

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