Written answers
Wednesday, 4 July 2018
Department of An Taoiseach
National Debt
Bernard Durkan (Kildare North, Fine Gael)
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132. To ask the Taoiseach the extent to which Ireland's total debt and current debt compare with other European countries. [29376/18]
Joe McHugh (Donegal, Fine Gael)
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The following table outlines the government consolidated gross debt for the 28 Member States for 2017.
General Government Gross Debt (GG Debt) is defined in the EU regulations implementing the Maastricht Treaty as the gross debt liabilities of the consolidated General Government sector, at nominal value. ‘Consolidated’ means that any money owed by one entity within General Government to another is excluded from the total GG Debt.
Also included in the table is the percentage of debt to the relevant country's GDP.
Government consolidated gross debt, 2017
Country | € million | % of GDP |
---|---|---|
European Union (current composition) | 12,504,713 | 81.6 |
Belgium | 452,170 | 103.1 |
Bulgaria | 12,815 | 25.4 |
Czech Republic | 68,500 | 34.6 |
Denmark | 104,895 | 36.4 |
Germany | 2,092,643 | 64.1 |
Estonia | 2,066 | 9.0 |
Ireland | 201,294 | 68.0 |
Greece | 317,407 | 178.6 |
Spain | 1,144,298 | 98.3 |
France | 2,218,436 | 97.0 |
Croatia | 38,080 | 78.0 |
Italy | 2,263,056 | 131.8 |
Cyprus | 18,725 | 97.5 |
Latvia | 10,782 | 40.1 |
Lithuania | 16,632 | 39.7 |
Luxembourg | 12,709 | 23.0 |
Hungary | 90,535 | 73.6 |
Malta | 5,643 | 50.8 |
Netherlands | 416,067 | 56.7 |
Austria | 289,490 | 78.4 |
Poland | 240,220 | 50.6 |
Portugal | 242,620 | 125.7 |
Romania | 64,565 | 35.0 |
Slovenia | 31,860 | 73.6 |
Slovakia | 43,227 | 50.9 |
Finland | 137,286 | 61.4 |
Sweden | 189,961 | 40.6 |
United Kingdom | 2,013,316 | 87.7 |
Bernard Durkan (Kildare North, Fine Gael)
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133. To ask the Taoiseach the degree to which Ireland's total debt has fluctuated in each of the past ten years to date expressed as a percentage of GNP and GDP. [29377/18]
Joe McHugh (Donegal, Fine Gael)
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The following table sets out Ireland's Gross General Government Debt as a percentage of GDP, GNP and GNI*.
Modified Gross National Income (GNI*) is a new indicator (introduced in July 2017), recommended by the Economic Statistics Review Group, and is designed to exclude globalisation effects that are disproportionately impacting the measurement of the size of the Irish economy (2017 GNI* not yet available).
Ireland's Gross General Government Debt, 2007-2017
Year | % of GDP | % of GNP | % of GNI* |
---|---|---|---|
2007 | 23.9 | 27.9 | 28.0 |
2008 | 42.4 | 49.4 | 49.6 |
2009 | 61.5 | 74.4 | 75.6 |
2010 | 86.1 | 103.7 | 108.7 |
2011 | 110.3 | 137.3 | 144.5 |
2012 | 119.6 | 147.9 | 157.8 |
2013 | 119.4 | 141.7 | 150.6 |
2014 | 104.5 | 123.4 | 131.7 |
2015 | 76.9 | 97.9 | 116.6 |
2016 | 72.8 | 88.5 | 106.1 |
2017 | 68.0 | 83.5 | not available |
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