Estonia’s third quarter government debt remains lowest in EU 2020-02-17T12:37:14+00:00

Euros. Source: Karin Koppel.

Estonia’s third quarter government debt remains lowest in EU


As of the end of the third quarter of 2019, while Greece had the highest debt level among European Union member states, Estonia remained the EU member state with the lowest level of government debt, it appears from data published by Eurostat on Wednesday.

The lowest government debt to GDP ratios at the end of the third quarter of last year were recorded in Estonia at 9.2 percent, Luxembourg at 20.2 percent, and Bulgaria at 20.6 percent.

The highest ratios, meanwhile, were recorded in Greece at 178.2 percent, Italy at 137.3 percent, Portugal at 120.5 percent, Belgium at 102.3 percent, and France at 100.5 percent.

The government debt to GDP ratio in the euro area (EA19) stood at 86.1 percent, down from 86.4 percent on quarter. In the EU28, the ratio decreased from 80.4 to 80.1 percent. On year, the government debt to GDP ratio fell in both the euro area ⁠— from 87.1 percent to 86.1 percent ⁠— and the EU28 ⁠— from 81.4 percent to 80.1 percent.

Read more



Are you interested in becoming a member of the vibrant Norwegian-Estonian business community? Are you looking for contacts, ideas and help for developing your company? What about learning from the best practices and experiences of our CEO and board members to take your organization to the next level? Ready to expand your network? Join NECC today and the power of membership will work for you.




Established in 2007, Norwegian-Estonian Chamber of Commerce (NECC, in Norwegian: Norsk-Estisk Handelskammer, in Estonian: Norra-Eesti Kaubanduskoda) is a non-profit membership based business association for companies with Norwegian-Estonian share capital, management or co-operation. We facilitate professional networking, seminars of interests, provide relevant information regarding both Estonia and Norway and promote Norwegian companies, competence and business values.


Join our newsletter and be the first to find out all the important news.