Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; currency_converter has a deprecated constructor in /opt/nginx/www/mayberryinv/wp-content/plugins/currency-converter/currency-converter.php on line 40

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /opt/nginx/www/mayberryinv/wp-content/plugins/revslider/includes/operations.class.php on line 2339

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /opt/nginx/www/mayberryinv/wp-content/plugins/revslider/includes/operations.class.php on line 2343

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /opt/nginx/www/mayberryinv/wp-content/plugins/revslider/includes/output.class.php on line 3165

Deprecated: Function create_function() is deprecated in /opt/nginx/www/mayberryinv/wp-content/plugins/revslider/includes/framework/functions-wordpress.class.php on line 257

Notice: Undefined index: highriskcountry in /opt/nginx/www/mayberryinv/wp-custom-settings.php on line 37

Notice: Undefined index: OFAC in /opt/nginx/www/mayberryinv/wp-custom-settings.php on line 38

Notice: Undefined index: OILANDGAS in /opt/nginx/www/mayberryinv/wp-custom-settings.php on line 39

Notice: Undefined index: CASHINTESIVE in /opt/nginx/www/mayberryinv/wp-custom-settings.php on line 40

Notice: Undefined index: HIGHRISKBUSINESSES in /opt/nginx/www/mayberryinv/wp-custom-settings.php on line 41

Notice: Undefined index: FINANCIALINSTITUTION in /opt/nginx/www/mayberryinv/wp-custom-settings.php on line 42
Government debt fell to 86.7% of GDP in euro area; down to 81.6% of GDP in EU28 | Mayberry Investments Limited connection error:
SQLSTATE[HY000] [2002] php_network_getaddresses: getaddrinfo failed: Name or service not known
Notice: Undefined variable: connection in /opt/nginx/www/mayberryinv/wp-content/utility_app/cls_mysql.php on line 25
connection not set

Notice: Undefined variable: rows in /opt/nginx/www/mayberryinv/wp-content/utility_app/cls_mysql.php on line 44
Investor Relations | Mayberry Jamaican Equities | Careers | Contact Us
FacebookTwitterInstagramLinkedin

Government debt fell to 86.7% of GDP in euro area; down to 81.6% of GDP in EU28

April 24,2018

At the end of the fourth quarter of 2017, the government debt to GDP ratio in the euro area (EA19) stood at 86.7%, compared with 88.1% at the end of the third quarter of 2017, according to Eurostat. Likewise, in the EU28, the ratio also decreased from 82.4% to 81.6%. The decrease was more pronounced when compared on an annual basis. For the euro area, government debt as a percentage of GDP fell by 2.3% from 89.0% (2016) fourth quarter to 86.7% (2017) fourth quarter; the broader EU 28 area experienced a decrease of 1.7% from 83.3% fourth quarter 2016 to 81.6% fourth quarter 2017.

At the end of the fourth quarter of 2017, debt securities accounted for 80.5% of euro area and 81.4% of EU28 general government debt. Loans made up 16.5% and 14.5% respectively and currency and deposits represented 3.0% of euro area and 4.1% of EU28 government debt. Due to the involvement of EU governments in financial assistance to certain Member States, the share of intergovernmental lending in GDP at the end of the fourth quarter of 2017 amounted to 2.1% in the euro area and to 1.5% in the EU28.

Government debt at the end of the fourth quarter 2017 by Member State

Compared with the third quarter of 2017, seven Member States registered an increase in their debt to GDP ratio at the end of the fourth quarter of 2017 and twenty one a decrease. The highest increases in the ratio were recorded in Latvia (+1.9%), Sweden (+1.8 %), the United Kingdom (+1.5%) and Greece (+1.2%). The largest decreases were recorded in Cyprus (-5.0%), Slovenia and Portugal (both -4.9%), Ireland (-4.0%) and Belgium (-3.8%).

When compared with the fourth quarter of 2016, only two Member States registered an increase in their debt to GDP ratio at the end of the fourth quarter of 2017 and twenty six a decrease. Increases in the ratio were recorded in Luxembourg (+2.2%) and France (+0.4%), while the largest decreases were recorded in Cyprus (-9.1%), Malta (-5.4%), Austria (-5.1%), the Netherlands (-5.0%), Slovenia and Ireland (both -4.9%), Portugal (-4.2%) and Germany (-4.1%).

The highest ratios of government debt to GDP at the end of the fourth quarter of 2017 were recorded in Greece (178.6%), Italy (131.8%) and Portugal (125.7%), and the lowest in Estonia (9.0%), Luxembourg (23.0%) and Bulgaria (25.4%).

 

The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

 

2018-04-24T15:21:21-05:00