Government Debt Increased to 82.6% of GDP in Austria and to 92.7% in Euro Area

BusinessEconomy ♦ Published: October 23, 2014; 18:00 ♦ (Vindobona)

At the end of the second quarter of 2014, the government debt to GDP ratio in the euro area (EA18) stood at 92.7%, compared with 91.9% at the end of the first quarter of 2014. Austria's government debt rose to 82.6 percent of GDP in Q2 2014 from 81.3 percent in Q1.

Government Debt Increased to 82.6% of GDP in Austria and to 92.7% in Euro Area / Picture: © Eurostat

In the EU28, the ratio increased from 86.0% to 87.0%.

Compared with the second quarter of 2013, the government debt to GDP ratio rose in both the euro area (from 91.7% to 92.7%) and the EU28 (from 85.1% to 87.0%).

At the end of the second quarter of 2014, debt securities accounted for 79.3% of euro area and for 80.9% of EU28 general government debt, loans for…