Portugal registers the third highest public debt to GDP ratio in the European Union

Greece and Italy are the European countries that lead the ranking of the weight of debt against GDP.

Portugal registers the third largest debt of the European Union in relation to GDP (126%), with Greece leading (187%) and Italy in the second position (149%). Data for the second quarter of this year were released today by Eurostat.

It is followed by Belgium (115%), France (114%), Cyprus (113%) and Spain (110%).

Countries with a lower debt-to-GDP ratio are Estonia (18%), Bulgaria (21%) and Luxembourg (23%).

In absolute terms, the Portuguese debt reached a total of 259,8 billion euros. Compared to the second quarter of 2019, debt rose 5,9%. In relation to the first quarter of this year, it increased by 6,6%.

In terms of absolute values, France has the largest debt in the European Union: 2,6 billion euros. It is followed by Italy with 2,5 billion euros, Germany with 2,2 billion euros and Spain with 1,2 billion.

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