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General government gross debt
EDP concept, consolidated % of GDP
|Euro Area 19||89.7||91.6||91.8||89.9||89.1||86.8|
The government debt is defined as the total consolidated gross debt at nominal value at the end of the year in the following categories of government liabilities (as defined in ESA 2010 (The European System of accounts 2010)): currency and deposits (AF.2), debt securities (AF.3), and loans (AF.4). At the national level, data for the general government sector are consolidated between sub sectors. The debt of the Euro area and EU aggregates is consolidated by removal of the loans that Member States have granted to other Member States.
According to the Article 126(2) of the Treaty on the Functioning of the European Union, the public debt must not exceed 60% of GDP.
This indicator is also included in another database of the Federal Planning Bureau. It belongs to the set of complementary indicators to the gross domestic product.
Source: Eurostat, Government statistics.