Newsletter

Debt Statistics a La Carte: Alternative Recipes for Measuring Government Indebtedness


Abstract: According to Eurostat, the Greek government owed ?317 billion in debt at the end of 2014. This is equivalent to more than 177% of gross domestic product (GDP) or 387% of tax revenue, and amounts to almost ?30,000 per person. This seems like a very large sum. For comparison, of the other highly indebted European countries that received financial assistance, Portuguese government debt amounted to 130% of GDP, while Irish government debt amounted to 110% of GDP

Keywords: Debt; International Monetary Fund (IMF); Eurozone; Gross domestic product (GDP); Eurostat;

Access Documents

File(s): File format is application/pdf https://www.chicagofed.org/~/media/publications/chicago-fed-letter/2016/cfl362-pdf.pdf
Description: Full text

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2016

Order Number: 362