Despite the drop in the debt ratio, the indebtedness in absolute terms it increased in both regions: the volume of debt in the eurozone in the first quarter was 11.976 trillion euros, with a quarterly increase of 240,000 million and 554,000 million in one year, while in the EU it was 12.992 trillion , with a quarterly increase of 235,000 million and 583,000 million in one year.
“For both the euro area and the EU, the slight decrease in the public debt/GDP ratio is due to an increase in GDP that exceeds the increase in public debt in absolute terms,” Eurostat explained, stressing that the decreases ” are due to the rebound in GDP, while debt in absolute terms continued to rise.
Among the Twenty-seven that make up the EU, the highest levels of public debt with respect to GDP at the end of the first quarter were registered in Greece (189.3%), Italy (152.6%), Portugal (127%), Spain (117 .7%), France (114.4%), Belgium (107.9%) and Cyprus (104.9%).
In contrast, the lowest levels of indebtedness in relation to GDP were in Estonia (17.6%), Luxembourg (22.3%) and Bulgaria (22.9%).
Source: Ambito
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