In 2023, the Eurozone’s public debt was recorded at 3.5% of GDP, with the overall public debt reaching 87.3%, as reported by European statistical services.
Throughout the European Union, the public deficit ratio to GDP decreased from 3.5% in 2023 to 3.2% in 2024, while public debt increased slightly from 80.8% to 81.0%.
For 2024, most member states demonstrated public deficits, with the exceptions being Denmark (4.5%), Ireland and Cyprus (both 4.3%), Greece (1.3%), Luxembourg (1.0%), and Portugal (0.7%).
The largest deficits in public accounts were observed in Romania (-9.3%), Poland (-6.6%), France (-5.8%), and Slovakia (-5.3%).
Twelve member states reported deficits equal to or exceeding 3% of GDP.
Regarding public debt in 2024, the smallest figures were seen in Estonia (23.6%), Bulgaria (24.1%), Luxembourg (26.3%), Denmark (31.1%), Sweden (33.5%), and Lithuania (38.2%).
Twelve member states recorded public debt ratios surpassing 60% of GDP, with the highest in Greece (153.6%), Italy (135.3%), France (113.0%), Belgium (104.7%), and Spain (101.8%).
Portugal reported a public debt of 94.95% of GDP in 2024.
