Greek Fiscal Deficit at 12.2 pct of GDP in 2013

Greek deficitGreece’s fiscal deficit was 12.2 pct of GDP in 2013, while the country’s public debt totaled 174.9 pct of total GDP, Eurostat announced on Tuesday.

In its revised figures for fiscal deficit and public debt in the EU, Eurostat said that the Greek fiscal deficit rose to 12.2 pct of GDP in 2013 from 8.6 pct in 2012 and 10.1 pct in 2011. The country’s public debt rose to 174.9 pct of GDP in 2013 (319.13 billion euros), from 156.9 pct in 2012 and 171.3 pct in 2011.

In the Eurozone, the fiscal deficit totaled 2.9 pct of GDP in 2013, from 3.6 pct in 2012 and 4.1 pct in 2011, while in the EU the fiscal deficit was 3.2 pct, 4.2 pct and 4.5 pct, respectively.

Eurozone’s public debt rose to 90.9 pct of GDP in 2013, while in the EU, the public debt was 85.4 pct of GDP in 2013.

Luxembourg and Germany were the only states to record a fiscal surplus in 2013, while Estonia, Denmark and Latvia recorded the lowest fiscal deficits.

Estonia, Bulgaria, Luxembourg, Romania and Latvia recorded the lowest public debt rates in 2013, while Greece, Portugal, Italy, Ireland and Belgium recorded the highest debt levels.


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