Portugal: Public debt third highest in Europe

Page created: Thursday, 20 July 2017 14:19 GMT

EU  Eurostat   Public Debt

Brussels, Jul. 20 (Lusa) – Public debt fell in the first quarter of the year compared with the first three months of 2016 in the euro zone and the European Union (EU), but Portugal has the third highest debt level (130.5%), after Greece and Italy, Eurostat said on Thursday.


Public debt in Portugal increased compared with the first quarter of last year, when it was 128.9% and compared to the previous quarter, 130.3%, and it is more than twice the limit, which is set at 60% of Gross Domestic Product (GDP).


In the first quarter of the year the debt as a percentage of DGP was 176.2% in Greece and 134.7% in Italy, while the countries with the lowest debt level were Estonia, with 9.2%, Luxembourg with 23% and Bulgaria with 28.6%.


In all, 15 countries had public debt of over 60% in the first three months of this year.