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Friday, 26.04.2024, 08:47
Estonia still has smallest public debt in EU at end-2015
BC, Tallinn, 22.04.2016.
Print version
Print versionThe government debt of Estonia equaled 9.7% of gross domestic product (GDP) at the end of the year 2015, a lower ratio than of any other country in the euro area, informs LETA/BNS.
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At the end of 2014, the country's government debt equaled 10.4% of GDP, Eurostat said.
In the euro area, the government debt to GDP ratio declined from 92.0% at the end of 2014 to 90.7% at the end of 2015, and in the EU28 from 86.8% to 85.2%.
In 2015, Luxembourg, 1.2%, Germany, 0.7%, and Estonia, 0.4%, registered a government surplus, while Sweden reported a government balance. The lowest government deficits as a percentage of GDP were recorded in Lithuania, –0.2%, the Czech Republic, –0.4%, Romania, –0.7%, and Cyprus, –1.0%.
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