Written answers
Tuesday, 15 November 2011
Department of Finance
Debt Statistics
9:00 pm
Aengus Ó Snodaigh (Dublin South Central, Sinn Fein)
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Question 56: To ask the Minister for Finance if he will provide figures combining the nation debt, household debt and commercial debt for 2007, 2008, 2009 and 2010 in monetary terms and as a percentage of GDP; and if he will make a statement on the matter. [34445/11]
Michael Noonan (Limerick City, Fine Gael)
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The figures requested by the Deputy are set out in the following tables. Figures for National Debt are calculated and published by the NTMA on their website and represent end-year positions.
Figures on household debt and commercial debt are taken from the Central Bank's Quarterly Financial Accounts, Table 3.1.b and Table 8.1.b respectively, and refer to end year positions. Note that commercial debt refers to the debt of non-financial corporations resident in the State, including foreign multinationals operating in Ireland.
(€m) | National Debt | Household Debt | Commercial Debt | GDP(nominal) |
2007 | 37,559 | 193,887 | 263,061 | 189,933 |
2008 | 50,398 | 203,298 | 303,371 | 179,990 |
2009 | 75,152 | 197,635 | 326,464 | 160,596 |
2010 | 93,446 | 185,615 | 286,351 | 155,992 |
Expressed as a percentage of GDP, the table looks as follows:
% of GDP | National Debt | Household Debt | Commercial Debt |
2007 | 19.8% | 102.1% | 138.5% |
2008 | 28.0% | 112.9% | 168.5% |
2009 | 46.8% | 123.1% | 203.3% |
2010 | 59.9% | 119.0% | 183.6% |
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