“Loans share” of government debt in % of GDP (Q4 2017)
Government debt fell to 86.7% of GDP in euro area
Down to 81.6% of GDP in EU28
At the end of the fourth quarter of 2017, the government debt to GDP ratio in the euro area (EA19) stood at 86.7%, compared with 88.1% at the end of the third quarter of 2017. In the EU28, the ratio also decreased from 82.4% to 81.6%. Compared with the fourth quarter of 2016, the government debt to GDP ratio fell in both the euro area (from 89.0% to 86.7%) and the EU28 (from 83.3% to 81.6%).
At the end of the fourth quarter of 2017, debt securities accounted for 80.5% of euro area and for 81.4% of EU28 general government debt. Loans made up 16.5% and 14.5% respectively and currency and deposits represented 3.0% of euro area and 4.1% of EU28 government debt. Due to the involvement of EU governments in financial assistance to certain Member States, quarterly data on intergovernmental lending (IGL) is also published. The share of IGL in GDP at the end of the fourth quarter of 2017 amounted to 2.1% in the euro area and to 1.5% in the EU28.