According to the latest data published by Eurostat, the Greek public debt was estimated at 171.8% of GDP at the end of the third trimester of 2013.
This means that Greece continues to have the highest rate of debt in the European Union by far, followed by Italy (132.9% GDP), Portugal (128.7%) and Ireland (124.8%).
On the flip side, Eurostat also showed that Estonia has the lowest public debt rate (10% GDP), followed by Bulgaria (17.3%) and Luxemburg (27.7%).
Overall, Eurostat’s divs demonstrate the public debt for the entire Eurozone dropped to 92.7% from 93.4% GDP at the end of the second trimester in 2013. This is the first true reduction, since the final trimester of 2007.
With regards to the European Union, the average national debt dropped from 86.8% to 867% GDP. This was mostly attributed to the exchange rates.
