Ratio of public debt to GDP in EU nears 80%

In the first quarter of this year, due to pandemic, the ratio of government debt to Gross Domestic Product (GDP) in the European Union (EU) rose by 1.8% points to 79.5% in comparison with the last three months of the previous year, Report informs, citing the European Statistical Office (Eurostat).

Within the indicated period, the value of this proportion in the Eurozone surged to 86.3% by 2.2% points.

Throughout the same time frame, EU countries with the highest ratio were Greece (176.7%), Italy (137.6%), Portugal (120%), and the ones with minimum were Estonia (8.9%), Bulgaria (20.3%), and Luxembourg (22.3%).