• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video

Estonia shines in latest Eurostat report on country debt

  • Investment Europe
  • 22 October 2012
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

Estonia's gross debt/GDP ratio of 6.1% is the lowest of all European countries covered by the latest publication of official Eurostat figures - but the stricken economies of Portugal, Ireland, Italy and Greece are still still well off the eurozone and EU 27 averages.

Estonia’s gross debt/GDP ratio of 6.1% is the lowest of all European countries covered by the latest publication of official Eurostat figures – but the stricken economies of Portugal, Ireland, Italy and Greece are still still well off the eurozone and EU 27 averages.

According to the figures – tabled below – Greece’s debt burden amounts to over 170% of its GDP. And considering the official Eurostat report that the country’s deficit hit 9.4% in the past year, then the figures again reinforce the view that there is very little room to spare for adjustments to the country’s path to austerity.

Related articles

  • ISDA data points to pain for creditors, not insurers of Greek credit
  • Draghi's influence felt in sovereign yields
  • Hello? You have phoned the Titanic' - another view of Greece
  • Finland top performer of 2012 so far, says Russell

Ireland’s overall debt load is slightly better, but it’s deficit in the past year hit 13.4%.

What the figures also show is that while there is a clear divide between the nominally better off northern versus southern European economies, there are exceptions.

Bulgaria, Romania and the Czech Republic are among the better performing economies on this measure, alongside the Baltic States, and Sweden.

In generaly, however, the imbalances between the eurozone members are vividly outlined in the latest figures.

 

Country Gross debt/GDP %
Estonia 6.1
Bulgaria 16.3
Luxembourg 18.3
Romania 33.4
Sweden 38.4
Lithuania 38.5
Czech Republic 40.8
Latvia 42.2
Slovakia 43.3
Denmark 46.6
Slovenia 46.9
Finland 49
Poland 56.4
Netherlands 65.5
Spain 69.3
Malta 70.9
Cyprus 71.1
Austria 72.4
Germany 80.5
Hungary 81.4
EU 27 82.5
UK 85
France 86
Eurozone 87.3
Belgium 97.8
Ireland 106.4
Portugal 108.1
Italy 120.7
Greece 170.6

Source: Eurostat

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Central and Eastern Europe (CEE)
  • Iberia
  • Italy
  • UK
  • Estonia
  • Greece
  • Ireland
  • Latvia
  • Lithuania
  • Portugal
  • Regulation
  • Spain
Back to Top

Most read

Global UHNWI population to grow by 27% over the next five years: Knight Frank
Global UHNWI population to grow by 27% over the next five years: Knight Frank
Amati Global Investors launches strategic metals fund
Amati Global Investors launches strategic metals fund
Aviva announces exit from Turkey
Aviva announces exit from Turkey
Erratic Bitcoin leaves industry divided as Square invests $170m
Erratic Bitcoin leaves industry divided as Square invests $170m
St James's Place predicts £200bn AuM by 2025 despite job cuts
St James's Place predicts £200bn AuM by 2025 despite job cuts
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading