Directly accessible data for 170 industries from 50 countries According to the Organization for Economic Cooperation and Development, the eurozone debt crisis was the world's greatest threat in 2011, and in 2012, things only got worse. However, in many countries, the national debt is higher than the GDP. In a letter seen by AFP, the European Commission said that the Italian government was in breach of EU budget rules for running excessive debt and asked for "clarifications" within two days. Other governments only borrow to stimulate the economy during a recession, calculating that they can repay that debt once expansion returns and produces a government budget surplus. In the case of the US, the national debt is the net figure of the federal government’s budget deficits for a fiscal year. This article presents recent statistics on the structure of general government debt and its relationship to gross domestic product (GDP) in the European Union (EU).In the context of the Stability and Growth Pact's Excessive deficit procedure notification process, Eurostat publishes government debt data twice a year, in April and October, as well as quarterly government debt … There is only one “debt-free” country as per the IMF database. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Statista. Not always. World Debt Clocks have no secret agenda. Cyprus July 11, 2011 – A munitions explosion at a … In the first quarter of 2010, Greece's national debt was the highest in all of the European Union, amounting to 176.7 percent of Greece's gross domestic product, or … This page provides values for Government Debt to GDP reported in several countries part of Europe. Many agricultural commodities trade on stock and derivatives markets. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Country List Government Debt to GDP. Between 71.00%-89.00% of retail investor accounts lose money when trading CFDs. More, you can learn about why foreign investors buy the national debt of other nations. This number is an indicator of the countries economic future. why foreign investors buy the national debt, table of the ten highest national debt-to-GDP ratios, The development of transport infrastructure, such as motorways and railways. However, loan-funded government investment in infrastructure will reap economic benefits for generations to come. "Based on notified data for 2018, Italy is confirmed not to have made sufficient progress towards compliance with debt criterion in 2018," the EU letter said. Several eurozone member states (Greece, Portugal, Ireland, Spain and Cyprus) were unable to repay or refinance their government debt or to bail out over-indebted banks under … In order to analyse the fiscal effort required, we estimated the primary balanc e 1 needed to meet the EU target. We update our exchange rates using data from the European Central Bank. Our only aim is to provide clear and up to date information about the ongoing debt crisis. To learn more about Japan’s economy and trade, see our Economic Overview Of Japan. Government Debt in European Union increased to 10837934 EUR Million in 2019 from 10746456 EUR Million in 2018. source: EUROSTAT. For exact figures, see our table of the ten highest national debt-to-GDP ratios in the world. Most of our data is directly obtained from official government agencies and central banks. Germany ’s debt ratio is currently at 59.81% of its GDP. In 2000, this figure was already more than one trillion dollars. Our broker guides are based on the trading intstruments they offer, like CFDs, options, futures, and stocks. Debt-to-GDP is expressed as a percentage. GDP growth in the US is going to increasingly look like Japan and/or Europe… We update our exchange rates using data from the European Central Bank. Since you’ve landed on this page, the countries of the eurozone have run up debt in the amount of: For example, the United States has a debt to GDP ratio of 108% and a lot of people want to buy US Treasury bonds. A growing economy can bear the burden of tax that is needed to comfortably repay national debt. See our example on foreign investors in U.S debt. "National Debt in The Member States of The European Union in The 1st Quarter 2020 (in Billion Euros). For example, the healthcare costs in the United States have been rising for years and is one of the highest in the world. Improvements in communication infrastructure, such as a fibre optic backbone to expand the nation’s internet bandwidth availability and speed. © 2010-2020 Commodity.com. The clock shows the estimated debt at the point corresponding to the current date and time in whatever year you are viewing; this is why it increases even when you view past or future years. Germany’s total debt is at approximately 2.291 trillion € ($2.527 trillion USD). This knowledge in the financial community enables governments to lower the interest rates that it offers on its debt and reduce the cost of financing deficits. Eventually, businesses will be squeezed to the point of bankruptcy or move their production abroad to save their profitability. With the backstop of a high return from a safe source, banks do not need to lend to businesses to make a profit. 21/01/2021 Government debt up to 97.3% of GDP in euro area. 3 — We then work out the time difference between when the data was obtained and when the debt clock is being viewed by a visitor. It doesn’t help that companies tend to cut costs through employee salaries. When a country’s national debt increases, it means that the country is borrowing more money due to lack of production power, namely lack of GDP and GDP growth. When investigating a country’s economy, the national debt is one metric that rating agencies note. At the end of the third quarter of 2020, still impacted by policy responses to the COVID-19 containment measures, which materialised in increased financing needs, the government debt to GDP ratio in the euro area stood at 97.3%, compared with 95.0% at the end of the second quarter of 2020. Several eurozone member states (Greece, Portugal, Ireland, Spain and Cyprus) were unable to repay or refinance their government debt or to bail out over-indebted banks under … New, Figures and insights about the advertising and media world, Industry Outlook Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. Interestingly, the Bank of England still contributes its fair share to the debt – a rocking £42.4 billion, which is more than the national defense budget. Our energy commodity guides are designed to help you keep up with a demanding, rapidly changing energy sector. Debt (Billions): $18.36 Debt Per Person ($): $2,737.92 2019 Gross Debt/GDP (%): 68.31 Click to continue reading and see the 20 countries with the most debt per capita and the highest debt to … We discuss top imports and exports along with GDP figures. The increase in the cost of premises forces businesses to increase their prices in order to remain in profit. Relying on any Reviews could be to your detriment. Eurostat. This statistic shows the national debt in the member states of the European Union in the first quarter of 2020. As people live longer, more money is paid out in pensions. Other obvious reasons for national debt are more mundane costs which occur as a result of culture and lifestyle. There is a point at which debt becomes a drag on US economic growth, and we have likely reached it. Almost every year, the government spends more money than it takes in. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Brazil spends more than any other country analyzed on debt interest payments as a share of … The ten largest holding nations of US government debt as of September 2020 are shown in the table below: The bottom line is that government borrowing is a tax on unborn generations. National debt figures represent how much a government owns it’s creditors. Register in seconds and access exclusive features. 4 — The current debt is then calculated by adding the increase over this time to the official figure. National debt accumulates as a result of government budget deficits, meaning when a nation’s government spends more money than it’s economy produces. EU agreements establish that public debt should be below 60% of GDP and that countries whose debt exceeds this level must reach the target within 20 years. Precious metals have many use cases and are popular with commodity traders. How Is Government Deficit Different From Government Debt? We’ll use the United Kingdom as an example: 1 — We obtain the latest data regarding the country’s national debt and the 10-year average interest rate they pay on it, like: National Debt: $1,717,879,000,000     10-Year Interest Rate: 2.50. If you don't have time to read the entire article, you can always bookmark it for later. For example, Japan owns $1.276 trillion’s worth of US government debt. (August 13, 2020). The UK's debt is now worth more than its economy after the government borrowed a record amount in May. High interest on loans increases business costs and the return on investment that is funded on debt reduces. There are several precious metal derivatives like CFDs and futures. Thanks to economic indicators, you can work out whether a country’s national debt will trigger a virtuous cycle of investment and expansion, or a destructive debt spiral. ", Eurostat, National debt in the member states of the European Union in the 1st quarter 2020 (in billion euros) Statista, https://www.statista.com/statistics/274179/national-debt-in-eu-countries/ (last visited January 25, 2021), National debt in the member states of the European Union in the 1st quarter 2020, Population growth in the EU member states in 2019, Age distribution in the European Union (EU) in 2019, Population density in the European Union (EU) 2018, Gross domestic product (GDP) in the European Union (EU) until 2019, Per capita gross domestic product in the European Union in current prices in 2019, Gross domestic product (GDP) growth in EU and Euro area 2021, Share of the EU in the global gross domestic product adjusted for purchasing power, Unemployment rate in EU and Euro area 2019, Youth unemployment rate in the European Union and the euro area 2019, Unemployment rate in EU countries July 2020, General gross debt of the European Union and the euro area 2019, National debt in EU countries 1st quarter 2020, National debt of the EU and the euro area in relation to the GDP 2024, National debt in EU countries in relation to gross domestic product (GDP) 2020, Public spending of the European Union and the euro area as share of GDP 2024, Public spending ratio in EU countries 2017, EU operating budgetary balances in 2018, by member state, EU budget expenditures in 2018, by member state, EU budget expenditures in 2019, by purpose, Budget balance of the European Union member states 2019, Budget balance of the European Union and the euro area 2019, COVID-19 cases worldwide as of January 25, 2021, by country, New cases of COVID-19 worldwide from January 23, 2020 to January 24, 2021, by day, Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Jan. 24, 2021, by day, COVID-19 deaths worldwide as of January 25, 2021, by country, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Jan. 25, 2021, Forecast of the national debt of selected euro countries until 2021, Budgetary balance in EU countries in relation to gross domestic product (GDP) 2019, Consumer confidence in EU countries August 2020, Labor costs in the private sector in EU countries 2014, Public opinion on the financial future in selected European countries in 2019, Public support for the European Union in selected countries in 2019 by age, Opinions likeliness other countries leaving EU after Brexit in the Netherlands 2017, Opinions on most preferred European country to live among Italians 2019, Italy: exports value to EU countries 2017-2020, European Union: high quality food registered products 2016, by country, European Union (EU-28) leather goods import value 2017, by country, National debt in the member states of the European Union in the 1st quarter 2020 (in billion euros), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. For example, see the breakdown of who holds New Zealand’s debt. Politicians tend to attract votes by promising large sections of the population more payments from the government than they pay in through tax. The figure presented as a country’s national debt is the total sum which the national government owes it’s creditors. $39 per month* Please contact us to get started with full access to dossiers, forecasts, studies and international data. "National debt in the member states of the European Union in the 1st quarter 2020 (in billion euros)." Greece is a member of the EU, and so, under the terms of the Maastricht Treaty, the country has to include all public debt in its national debt figures. See our economic overviews of Brazil, China, the UK, Belgium, and India. Our team of experts also review brokers in-depth. Hausmann and Sturzenegger (2005), for example, suggest that the surplus on the capital income account implies that the US external investment position must be much better than official statistics indicate. EU Debt Clock Keeps Ticking. Among other factors, national debt is an important indicator of economic health and sustainability. See our explanation on other reasons for national debt, like the types of capital expenditure. This increases business costs and the price of goods, stoking inflation further. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Total U.S. student debt hit $1.67 trillion at the start of 2020 and is tracking to reach $1.75 trillion by the end of the year. By 2012 the national debt amounted to £1,278.2 billion. Usually, a country with a negative NIIP has a negative balance of primary income (part of the current account). USA Debt Clock, I want you to understand, taxes are getting ready to rise! When this is not possible, we use data from: This raw data is then processed through our algorithms. GDP: $1,365,377,000,000 Population: 24,711,349, GDP: $422,608,000,000 Population: 8,584,000, GDP: $510,423,000,000 Population: 11,258,642, GDP: $2,032,810,000,000 Population: 206,768,562, GDP: $57,506,000,000 Population: 7,202,552, GDP: $1,494,537,000,000 Population: 36,285,770, GDP: $11,308,000,000,000 Population: 1,381,000,000, GDP: $277,700,000,000 Population: 48,900,000, GDP: $235,104,000,000 Population: 10,543,125, GDP: $339,696,000,000 Population: 5,659,628, GDP: $24,501,000,000 Population: 1,313,814, GDP: $268,421,000,000 Population: 5,471,674, GDP: $2,670,660,000,000 Population: 66,133,194, GDP: $3,999,099,000,000 Population: 83,751,602, GDP: $205,736,000,000 Population: 10,812,508, GDP: $342,770,000,000 Population: 7,409,300, GDP: $139,595,000,000 Population: 9,849,798, GDP: $2,259,500,000,000 Population: 1,325,000,000, GDP: $348,699,000,000 Population: 4,774,087, GDP: $316,312,000,000 Population: 8,120,000, GDP: $2,005,293,000,000 Population: 60,795,764, GDP: $3,815,416,900,000 Population: 127,240,000, GDP: $30,121,000,000 Population: 2,023,825, GDP: $46,376,000,000 Population: 2,971,905, GDP: $338,945,310,720 Population: 32,100,000, GDP: $1,049,854,000,000 Population: 126,200,000, GDP: $799,506,000,000 Population: 16,900,575, GDP: $189,594,000,000 Population: 4,727,344, GDP: $440,096,000,000 Population: 5,165,998, GDP: $290,447,000,000 Population: 209,700,000, GDP: $510,966,000,000 Population: 38,492,299, GDP: $221,869,000,000 Population: 10,374,289, GDP: $210,645,000,000 Population: 19,860,074, GDP: $1,007,000,000,000 Population: 146,300,000, GDP: $305,123,000,000 Population: 5,535,494, GDP: $101,603,000,000 Population: 5,421,836, GDP: $48,102,000,000 Population: 2,060,821, GDP: $374,946,000,000 Population: 54,500,000, GDP: $1,448,000,000,000 Population: 50,617,000, GDP: $1,310,179,000,000 Population: 46,528,308, GDP: $527,576,000,000 Population: 9,887,355, GDP: $668,293,000,000 Population: 8,237,060, GDP: $376,483,000,000 Population: 69,400,000, GDP: $855,332,000,000 Population: 80,100,000, GDP: $2,831,934,000,000 Population: 66,767,000, GDP: $19,754,300,000,000 Population: 328,000,000. 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