According to EUrostat data, the
government deficit to GDP ratio in the eurozone fell from 3.7%
in 2022 to 3.6% in 2023, while it rose from 3.4% to 3.5% in the
European Union. In the eurozone, the government debt-to-GDP
ratio fell from 90.8% at the end of 2022 to 88.6% at the end of
2023, while in the EU it fell from 83.4% to 81.7 percent.
At the end of 2023, Estonia (19.6%), Bulgaria (23.1%),
Luxembourg (25.7%), Denmark (29.3%), Sweden (31.2%), and
Lithuania (38.3%) had the lowest government debt-to-GDP ratios.
Thirteen Member States had government debt ratios greater than
60% of GDP, with the highest being Greece (161.9%), Italy
(137.3%), France (110.6%), Spain (107.7%), and Belgium (105.2%).
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