In 2023, the Italian public debt reached 134 percent of the country's GDP. Since 2000, the ratio grew by more than 20 percentage points. In 2020, the government debt to GDP ratio grew to 154 percent, due to a contraction of the GDP and the increase in public spending to cope with the COVID-19 pandemic.
Government gross debt in Italy from 2000 to 2023
(as a share of GDP)
The source adds the following information: "The Treaty on the Functioning of the European Union defines this indicator as the ratio of government debt outstanding at the end of the year to gross domestic product at current market prices. For this calculation, government debt is defined as the total consolidated gross debt at nominal value in the following categories of government liabilities (as defined in ESA 2010): currency and deposits (AF.2), debt securities (AF.3) and loans (AF.4). The general government sector comprises the subsectors of central government, state government, local government and social security funds."
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Eurostat. (October 22, 2024). Government gross debt in Italy from 2000 to 2023 (as a share of GDP) [Graph]. In Statista. Retrieved December 04, 2024, from https://www.statista.com/statistics/582803/government-debt-to-gdp-ratio-italy/
Eurostat. "Government gross debt in Italy from 2000 to 2023 (as a share of GDP)." Chart. October 22, 2024. Statista. Accessed December 04, 2024. https://www.statista.com/statistics/582803/government-debt-to-gdp-ratio-italy/
Eurostat. (2024). Government gross debt in Italy from 2000 to 2023 (as a share of GDP). Statista. Statista Inc.. Accessed: December 04, 2024. https://www.statista.com/statistics/582803/government-debt-to-gdp-ratio-italy/
Eurostat. "Government Gross Debt in Italy from 2000 to 2023 (as a Share of Gdp)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/582803/government-debt-to-gdp-ratio-italy/
Eurostat, Government gross debt in Italy from 2000 to 2023 (as a share of GDP) Statista, https://www.statista.com/statistics/582803/government-debt-to-gdp-ratio-italy/ (last visited December 04, 2024)
Government gross debt in Italy from 2000 to 2023 (as a share of GDP) [Graph], Eurostat, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/582803/government-debt-to-gdp-ratio-italy/