At the end of the last quarter of 2017, the government debt to GDP ratio in the Eurozone is down to 86.7%, from 88.1% at the end of the third quarter of 2017, according to Eurostat data, released on Tuesday.
In the EU, there is also a decrease in ratio to 81.6%, compared to the previous value of 82.4%.
At the end of the fourth quarter of 2016, the Eurozone government debt stood at the level of 89% from GDP, that in the EU – 83.3%.
The highest levels of the government debt in the fourth quarter were recorded in Greece (178.6% form GDP), Italy (131.8%), and Portugal (125.7%), and the lowest in Estonia (9.0%), Luxembourg (23.0%) and Bulgaria (25.4%).
Debt securities made up 80.5% of General government gross debt in the Eurozone, and 81.4% of the EU debt; loans – 16.5% and 14.5%, correspondingly; currency and deposits – 3% in the Eurozone and 4.1% in the EU. The percentage of inter-government loans (IGL) of GDP was 2.1% in the Eurozone and 1.5% in the EU at the end of the fourth quarter of 2017.