Skip to main content

Eurostat: Estonia EU country with the lowest debt to GDP

(ANSA) - BELGRADE, OCTOBER 22 - Estonia is the European Union member state that recorded the lowest ratio of government debt to GDP at the end of 2017. According to new Eurostat data, Estonia had a debt/GDP ratio of 8.7%, ten times lower than the EU average of 81.6%. Very low ratios of government debt to GDP were recorded also in Luxembourg (23.0%), Bulgaria (25.6%), in the Czech Republic (34.7%) and Romania (35.1%). In general, countries in Central- and Eastern Europe registered a relative low level of government debt. Croatia recorded a ratio of 77.5% (down from 84% in 2014), Latvia 40% (down from 40.9% in 2014), Lithuania 39.4% (down from 40.5%), Hungary 73.3% (down from 76.6%), Poland 50.6% (up from 50.4% in 2014), Slovenia 74.1% (down from 80.4%) and Slovakia 50.9% (down from 53.5%). Eurostat noted that, in 2017, among the EU countries that registered a government surplus were also Czechia (+1.5%), Bulgaria (+1.1%), Croatia (+0.9%), Greece (+0.8%), Lithuania (+0.5%) and Slovenia (+0.1%).

Open Calls

There are no Open Calls at the moment.

In order to stay informed about the open CEI Open Calls submission,
sign up to our newsletter!

For further enquiries, please contact us.