Greek public debt increases to 169.1% GDP in second semester

According to the latest data published by European statistics authority Eurostat, the public debt of Greece during the first semester of 2013 was estimated to be 160.5% of GDP and rose to 169.1% in the second semester of the year. Greece has the highest debt rate in the EU, followed by Italy (133.3%), Portugal (131.3%) […]

23.10.2013 14:05

Newsroom

Greek public debt increases to 169.1% GDP in second semester

A woman sleeps in front of a closed shop window in Rome, Thursday, Aug. 16, 2012. Europe is edging closer to recession, dragged down by the crippling debt problems of the 17 countries that use the euro. Eurostat, Europe's statistics agency, revealed that the economies of both the eurozone and the European Union, which has 27 countries, shrank by a quarterly rate of 0.2 percent in the second quarter of the year. (AP Photo/Gregorio Borgia) (File: Italy Financial Crisis.JPEG-0183e.jpg )

23.10.2013 14:05

International

Newsroom

According to the latest data published by European statistics authority Eurostat, the public debt of Greece during the first semester of 2013 was estimated to be 160.5% of GDP and rose to 169.1% in the second semester of the year.

Greece has the highest debt rate in the EU, followed by Italy (133.3%), Portugal (131.3%) and Ireland (125.7%). On the other side of the spectrum Estonia has the lowest debt rate of 9.8%, followed by Bulgaria (18%) and Luxemburg (23.1%). The public debt in the Eurozone climbed from 92.3% GDP in the first semester to 93.4% in the second, while in the EU the debt rose from 85.9% to 86.8% GDP.

Overall Eurostat documented an increase of public in 24 member states and a drop in four. The most significant increases were in Greece (19.9%), Ireland (15.5%) and Cyprus (15.2%), with Latvia (-3.8%), Germany (-2.1%), Denmark and Austria (-0.6% each) showing the hugest drops in debt.

Ακολούθησε το Βήμα στο Google news και μάθε όλες τις τελευταίες ειδήσεις.