Eurostat: Greek public debt at 174.1% of GDP | protothemanews.com

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Eurostat: Greek public debt at 174.1% of GDP

Author: newsroom | Published: July 22, 2014

In absolute numbers, the Greek debt fell to 314.8 billion euros, from 318.7 billion euros in the 4th quarter of 2013

Greece’s public debt reached 174.1% of GDP in the 1st quarter of 2014, according to the data released by Eurostat today.

In its latest report, the EU executive’s statistics office said that the Greek public debt fell by 1% compared with the 4th quarter of 2013, but it was up 13.5% compared with the 1st quarter of 2013.

Eurostat said that from the total 174.1% of GDP, 131.3% were loans and 42.4% other securities. In absolute numbers, the Greek debt fell to 314.8 billion euros, from 318.7 billion euros in the 4th quarter of 2013.

According to Eurostat, Greece had the highest public debt in the EU, followed by Italy (135.6%) and Portugal (132.9%), while Estonia (10%), Bulgaria (20.3%) and Luxembourg (22.8%) had the lowest public debts.

Eurozone’s public debt rose to 93.9% in the 1st quarter of 2014, from 92.7% in the previous quarter, while in the EU, the public debt rose to 88% from 87.2%.

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