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October 28, 2020

Romania, one of the countries with the lowest public debt GDP rate wise in Q1

The euro zone public debt decreased slightly in the first quarter of 2012 year on year to 88.2 pc GDP from 87.3 pc din GDP, and in the EU27, public debt climbed to 83.4 pc from 82.5 pc, according to Monday’s figures published by the Statistical Office of the European Union (Eurostat). At the end of Q1 in 2012 the EU countries with the highest public debt GDPrate wise were as follows: Greece (132.4 pc), Italy (123.3 pc), Portugal (111.7 pc) and Ireland (108.5 pc). At the opposite end of the scale, Estonia (6.6 pc), Bulgaria (16.7 pc) and Luxembourg (20.9 pc), Romania (36.3 pc) and Sweden (37.2 pc). According to Eurostat, Romania’s public debt rose to 211.326bln RON (36.3 pc GDP) in the first quarter of 2012, from 164.086bln RON (30.8 pc din GDP) year on year and 192.851bln RON (33.3 pc din GDP) in Q4, 2011.

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