Eurozone Government Debt Ratio at 84.1% of Last Year's GDP
[Asia Economy Reporter Jeong Hyunjin] On the 22nd (local time), Eurostat announced that the government debt-to-GDP ratio of the Eurozone (19 countries using the euro) was recorded at 84.1% last year. This is lower than the 85.9% recorded in 2018.
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Recently, due to the COVID-19 pandemic, large-scale economic stimulus measures have been implemented one after another to prevent economic damage, leading to forecasts that the government debt scale will increase significantly this year compared to before. Some expect the Eurozone debt ratio to rise to 112% in 2022.
This content was produced with the assistance of AI translation services.
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