According to a report released by ELSTAT, the country’s GDP was 182.05 billion euros at end of 2013, from 193.34 billion a year earlier, 208.53 billion euros in 2011 and 222.15 billion euros in 2010.
The country’s public debt reached 318.7 billion euros or 175.1 pct of GDP at the end of 2013, from 303.9 billion (157.2 pct of GDP) in 2012, 355.1 billion euros (170.3 pct of GDP) in 2011 and 329.5 billion (148.3 pct of GDP) at the end of 2010. The statistics service stressed that 74.2 pct of the country’s debt was long-term loans.
ELSTAT also recorded a surplus of 770 million euros in municipal and local authorities last year, from a surplus of 693 million in 2012, and in pension funds (4.7 billion euros in 2013 from a shortfall of 2.25 billion euros in 2012). The general government’s deficit totaled 2.1 pct of GDP (excluding the cost of supporting banks) or 12.7 pct of GDP (including the cost of supporting banks).