In the period between October and December 2022, the debt-to-GDP ratio in Italy fell from 145.9% to 144% compared to the previous quarter, recording the third most significant drop in the EU.
This was announced by Eurostat.
In the same period, the ratio of public debt to GDP in the Eurozone fell to 91.6%, compared with 93 in the previous quarter.
In the EU as a whole it also decreased from 85.1% to 84%.
For both the Eurozone and the EU, underlines the EU statistics office, the reduction in the debt-GDP ratio is due to an increase in GDP, in absolute terms, greater than that of the public debt.
Also in 2022 in Italy the deficit-GDP ratio stood at 8%, recording the highest annual level in the EU.
The deficit-to-GDP ratio decreased for both the Eurozone and
the EU-27 in 2022, going from 5.3% to 3.6% and from 4.8% to 3.4% respectively.
The highest levels of deficit in relation to GDP, after Italy, were observed in Hungary and Romania (6.2%) and in Malta (5.8%).
The debt-to-GDP ratio in 2022 instead increased in the Eurozone from 95.5% to 91.6%, and in the EU from 88% to 84%.
Italian debt, at 144.4%, remains the second highest in Europe, after Greece (171.3%).