Interactive chart of historical data comparing the level of gross domestic product gdp with federal debt. Some agencies estimate that the debt to gdp ratio will reach 5% by 2020. The statistic shows the national debt of italy from 2014 to 2018 in relation to gross domestic product gdp, with projections up until 2024. Central government debt, total % of gdp international monetary fund, government finance statistics yearbook and data files, and world bank and oecd gdp estimates. Download it once and read it on your kindle device, pc, phones or tablets. This is the central hub for information on debt statistics through three databases. This excludes unfunded state pensions owed to the public. The looming storm is all down to italys mounting debt levels.
The next highest ratio is from greece, which at 181. In total, eight member states debt exceeds averages for both the eurozone the 19 states using the euro and the eus 28 member countries. Lebanon has the next highest debttogdp ratio at 152%, followed by italy at 123. Italys debt to ngdp ratio is about double germanys about 125% to 60%. If you use our chart images on your site or blog, we ask that you.
He expects ratios of public debt to gross domestic product to jump by 10 to 20 percentage points. It then experienced the largest drop in the post world war ii period and rose again after. We read every letter, fax, or email we receive, and we will convey your comments to cia officials outside opa as appropriate. Italy raises debt ratios for 20152018, due to new rules. According to the data, the government gross debt to gdp ratio marginally increased. There is a fascinating chapter in the imfs world economic outlook, looking at past episodes of high government debttogdp ratios. The latest data show that italys debt, which is proportionally the highest in the euro zone after greeces, was little changed from. Backlinks from other sites are the lifeblood of our site and our primary source of new traffic. Are south asian countries sinking into a debt trap. The us has fallen from the 6th most indebted nation in terms of debttogdp in 2014 to 11th in 2015. Both countries find themselves far from the 60 percent debttogdp ratio target set by the european commission. In the eighties italian debt rose by 38 percentage points and by 1990 it had reached 92 per cent of gdp. Here is a list of the top ten countries with the most national debt.
Italy public debt performance data for 20 set public debt at a ratio of 2. In addition quarterly external debt and quarterly public. The us debttogdp ratio is expected to rise while other. Gross domestic product gdp, us dollarscapita, 2018. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Italy has a major advanced economy and is a founding member of the european union, the eurozone, the oecd, the g7 and the g20. Italys debt edges close to alltime high amid budget squabble. The reason the liberals like to focus on this measurement is that canadas debttogdp ratio is the lowest among the g7 countries.
The us debttogdp ratio is expected to rise in the next five years, while other advanced economies shrink theirs. Learn about debttogdp ratio by country the balance. At the current level, italyas public debt as a percentage of gdp is the fifth largest worldwide. However, with limited staff and resources, we simply cannot respond to all who write to us. This statistic illustrates the government debt to gross domestic product gdp ratio in italy from 2000 to 2018. Not included countries with less than 1 million inhabitants. A debttogdp ratio of 60% is quite often noted as a prudential limit for developed countries. Italy is the eus second most debt ridden state with a ratio of 2% of gdp, followed by portugal and then cyprus. However, if the initial government deficit gdp ratio is higher than the steady state, the public debt gdp ratio tends to increase infinitely with a consequent increase in insolvency risk. Debt to gdp ratio by country 2019 the inquisitive narrative. Once you understand the public debt as a percentage of gdp, you get a level playing field for countries on different economic scales.
The office of public affairs opa is the single point of contact for all inquiries about the central intelligence agency cia. As of june 2019, the nation with the highest debttogdp ratio is japan with a ratio of 253 %. How to improve the debttogdp ratio mercatus center. Italy has the lowest share of public debt held by nonresidents of all eurozone countries and the countrys national wealth is. A low debttogdp ratio indicates an economy that produces and sells goods and services sufficient to.
The debttogdp ratio is an equation with a countrys gross debt in the numerator and its gross domestic product gdp in the denominator. This debt, unlike pre1999, preeuro italian debt, cannot be inflated away. Quarterly q2 2005 to q2 2019 nov 1 annual 2005 to 2018 20190701 central government debt, total % of gdp for italy. In 2018, the national debt of italy amounted to about. This page displays a table with actual values, consensus figures, forecasts, statistics. As the most recent available data through march show, these balances increase the ratio of publicsector debt to gdp by 26%. As of june 2019, the nation with the highest debttogdp ratio is japan with a ratio of 253%.
It finds 26 occurrences since 1875 where developed country. How italy got in and out of the debt trap financial times. The primary database, international debt statistics provides a detailed picture of debt stocks and flows of low and middle income countries. Italy, and portugal and, to a lesser extent, france and spain. Canada experienced a gradual decrease in debt after the 1990s all the way until 2010 when the debt began increasing again. For developing and emerging economies, 40% is the suggested debttogdp ratio that should not be breached on a longterm basis. Graph and download economic data for general government gross debt for italy gggdtaita188n from 1988 to 2018 about italy, gross, debt, and government. These eu countries have the most government debt world. The us fell down the rankings not because it paid off its debts, but because other countries have taken on more debt. Central intelligent agency cia the world factbook, 2017 debtto gdp ratio in 2017 greece 180.
Italy households debt to gdp 19602019 data 20202022. Piigs is an acronym used to refer to the five eurozone nations that were considered weaker economically following the financial crisis. The ratio for italy as a whole is approximately equal to the weighted average of the ratios of the macroareas, with weights equal to the proportion of each regional gdp with respect to the national one. The imf calculates the kingdom of swedens gross national debt to gdp ratio at 41%, but its net debt to gdp ratio as 9% at the end of 2017. International monetary fund, government finance statistics yearbook and data files. Italy is breaking the eu rule that states countries with a debttogdp ratio above 60% must reduce it by a 20th every year for three years, and it risks being placed in excessive deficit procedure. This page provides italy government debt to gdp actual values, historical data, forecast. A high debttogdp ratio isnt necessarily bad, as long as the countrys economy is growing. With many investors pulling out of italian assets, capital flight in the more recent data is bound to show up as an even bigger target2 hole. Italys debt ratio is the second worst in the euro zone, behind only greece. The debttogdp ratio is the ratio between a countrys government debt and its gdp. Italys debt is now at 2 percent of gdp, compared to greeces 175 percent.
The economy of italy is the 3rdlargest national economy in the european union, the 8thlargest by nominal gdp in the world, and the 12thlargest by gdp ppp. General government gross debt for italy gggdtaita188n. Italy government debt to gdp 19882019 data 20202022. As of january 2014, the italian government debt stands at 2. Government deficit gdp ratio economic data from italy. The current level of the debt to gdp ratio as of september 2019 is 105. Much like equity financing for businesses, it can be a way to leverage debt to enhance longterm growth. Gdp growth rate government bond interest rate, and there is a primary surplus where the revenues are higher than the expenditures. Japan and greece are the most indebted countries in the world, with debttogdp ratios of 237. The countrys national debt weighs in at roughly 120% the size of. World atlas if we rank european sovereign debts by country, italy is second only to greece.
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