General government debt stood at 103.5% of GDP in 2025 Q1, 2.8 percentage points lower than a year ago
13/06/2025
Government debt
General government (GG) debt under the Excessive Deficit Protocol (EDP) amounted to €1.66 trillion at the end of March 2025. Calculated using nominal GDP, in four-quarter cumulated terms, the debt/GDP ratio stood at 103.5% in 2025 Q1, 2.8 percentage points (pp) lower than a year earlier.
Overall general government debt grew by 3.3% year-on-year (1.8 percentage points less than in the same period of the previous year).
Central government debt and regional (autonomous) government debt increased by 3.9% and 2.8% respectively, while local government debt declined by 1.3%.
