Greece's public debt eased to 309.136 billion euros in the second quarter of 2017, or 175 percent of GDP, while nevertheless recording the highest GDP-to-debt ratio in the Eurozone and EU by a wide margin.
Greece's public debt eased to 309.136 billion euros in the second quarter of 2017, or 175 percent of GDP, while nevertheless recording the highest GDP-to-debt ratio in the Eurozone and EU by a wide margin.
The data was released by Eurostat on Thursday, showing that the debt-to-GDP ratio eased from the first quarter by 1.2 percentage points, or 1.577 billion euros in actual terms.
Over a 12-month period, comparing the second quarter of 2017 with the corresponding period of 2016, the debt-to-GDP ratio fell by 6.255 billion euros, or 4.7 percentage points of GDP.
In terms of the debt's breakdown in Q2 2017, 139.8 percent is composed of loans; 31.8 percent is securities, and 3.4 percent is cash reserves and deposits.
The average public debt level in the Eurozone was listed at 89.1 percent of GDP, marginally down from 89.2 percent of GDP in the first quarter of 2017, and 90.8 percent in the corresponding quarter of 2016.
On a country-by-country basis the figures for debt-to-GDP ratio are:
Greece 175,0%
Italy 134,7%
Portugal 132,1%
Belgium 106,6%
Cyprus 107,6%
Spain 99,8%
France 99,3%
Austria 81,4%
Slovenia 79,8%
Ireland 74,3%
Germany 66,0%
Finland 61,8%
Netherlands 58,7%
Malta 56,8%
Slovakia 51,8%
Lithuania 41,7%
Latvia 40,0%
Luxembourg 23,4%
Estonia 8,9%
Eurozone 89,1%