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Monday, July 23, 2012

Spain's debt-to-GDP ratio not all that bad.

 The eurozone's government debt-to-GDP ratio stood at 88.2% at the end of Q1, up from 87.3% at the end of Q4. For Spain, the ratio was 72.1% vs. 68.5% previously, which looks pretty healthy compared with Greece's 132.4%, Italy's 123.3%, Portugal's 111.7% and Ireland's 108.5%. At the other end of the spectrum were Estonia (6.6%), Bulgaria (16.7%) and Luxembourg (20.9%).

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