Data for 2013 set public debt at a ratio of 132.6% against GDP, the highest level since unification in 1861. From 2019, Italy’s debt-to-GDP increased by 27% from 134.8%. General approach and assumptions The sustainability of government debt is usually analysed by making assumptions for certain key variables, notably GDP growth, the government primary balance, interest rates, in fl ation and any defi cit-debt adjustments. Are you interested in testing our corporate solutions? In other words, Berlin could comfortably borrow vast sums to help the rest of Europe without endangering its creditworthiness. Corporate solution including all features. We can therefore clearly see the particular situation of Italy by looking at the graph with the debt-to-GDP ratio: This graph allows us to understand how the debt accumulated more than the other countries during the ’80s and ’90s is then remained on our back for all the following years. Nevertheless, the budget projects a gradual fall in debt-to-GDP from its 2020 peak. 31 - Italian Public debt since national unification. and over 1 Mio. As of January 2014, the Italian government debt stands at € 2.1 trillion (131.1% of GDP). Italy public debt to hit 158.5 per cent of GDP 17/01/2021 Oman Observer ROME: Italy forecasts its debt to soar to a new post-war record level of 158.5 per cent of gross domestic output (GDP) this year, surpassing the 155.6 per cent goal it set in September, a government source said. The debt-to-GDP ratio is usually expressed as a percentage and is used to indicate whether or not a country can pay back its debts. New, Figures and insights about the advertising and media world, Industry Outlook Private Debt to GDP in Italy averaged 155.15 percent from 1995 until 2018, reaching an all time high of 185.60 percent in 2011 and a record low of 119.60 percent in 1996. It should be noted, moreover, that Italy already had more debt in 1980 than the other countries considered, indicating that a certain … Examples of Debt-to-GDP Ratios: Debt-to-GDP Patterns in the United States . This excludes unfunded state pensions owed to the public. As of 2020, general government net debt (% of GDP) in Japan was 177.1 %. Forecasts differ as well: IMF and EC expect further growth of Italy's government debt till 2020, and OECD insist on the further fall. Debt fears. Then you can access your favorite statistics via the star in the header. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Italy is a high savings country and some Italian policy makers like to compare their situation to that of Japan where the debt-to- GDP ratio is even higher (220% of GDP on a gross basis, albeit ‘only’ 130% of GDP on a net basis). Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. 1995-2018 Data | 2020-2021 Forecast | Historical | Chart. Its debt-to-GDP ratio, a key yardstick of a country’s financial health, fell below 60 percent last year. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Banca d'Italia. Download historical data for 20 million indicators using your browser. By comparison, in the U.S. the ratio was 107 percent and in Italy 135 percent, near its all-time high. Chart. For example, Japan has a national debt of over 220% of GDP, yet net debt interest payments are forecast to be only 1.4% of GDP in 2013. Japan’s public debt is much higher than in Italy, as a share of GDP (roughly 240% vs. 130%, though sources differ). General government debt, 2018 and 2019 (general government consolidated gross debt, % of GDP) Source: Eurostat (gov_10dd_edpt1) Then you will be able to mark statistics as favourites and use personal statistics alerts. In a ranking of debt to GDP per country, Italy is currently ranked third. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. In 2018 the country's ratio of debt-to-GDP was 132.2% and is expected to rise to 135% … May 29, 2020. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Value of central government debt Thailand 2019, by type, Value of central government debt Thailand 2013-2019, Central government debt in Sweden 2010-2022, Central government debt to GDP ratio in Sweden 2006-2022. Italy Producer Prices Fall the Least Since 2019, Italy Industrial Output Growth Beats Expectations, Italy Retail Sales Drop 3% MoM in January, Italy Construction PMI Rebounds to 28-Month High, Italy Q4 GDP Contracts Less than Initially Thought, Italy Services Sector Shrinks the Least in 5 Months, Italy Inflation Rate Picks Up to 20-Month High in February, US Job Openings Rise Unexpectedly in January, Brazilian Equities Trade Higher on Stimulus, US Stocks Rally amid Stimulus, Falling Claims, Baltic Exchange Dry Index Hovers Around 5-Month High, US Initial Jobless Claims Lower than Forecasts, German 10-Year Bund Yield Falls to 1-Week Low, Spanish Stocks Extend Gains to Over 1-Year High. New, Everything you need to know about the industry development, Find studies from all around the internet. Italy trade to gdp ratio for 2018 was 60.35%, a 1.74% increase from 2017. The difference in net debt is not nearly as large, but still significant. Japan (National Debt: ¥1,028 trillion ($9.087 trillion USD)) Greece (National Debt: €332.6 … Between 2002 and 2019, the government debt to … Register in seconds and access exclusive features. This feature is limited to our corporate solutions. (May 29, 2020). Debt interest payments as a % of GDP / Tax revenue give a reasonable guide to how manageable the government’s debt situation is. Private sector debt to GDP measures the indebtedness of both sectors, non-financial corporations and households and non-profit institutions serving households, as a percentage of GDP. The level of public debt in Japan was 246.1% of GDP, in China 46.7% and in India 61.8%, in 2017 according to the IMF, while the public debt-to-GDP ratio at the end of the 2nd quarter of 2016 was at 70.1% of GDP in Germany, 89.1% in the United Kingdom, 98.2% in France and 135.5% in Italy… Profit from additional features by authenticating your Admin account. Italian General Government Debt Time Series pdf 70.1 KB Publish date:: 11 December 2008; No. The top 5 countries also includes Lebanon, Italy, Barbados, and Portugal. Italy (red) Net national income Indicator: 36 922 Total US dollars/capita 2019 Italy US dollars/capita: Total US dollars/capita 2000-2019 Italy (red), OECD - Total (black) Total US dollars/capita 2019 Italy (red) Trade in goods and services Indicator: 31.5 Exports % of GDP 2019 Italy % of GDP: Exports % of GDP 2000-2019 Italy (red) Exports % of GDP 2019 Italy (red) ROME — Italy forecasts its debt to soar to a new post-war record level of 158.5% of gross domestic output (GDP) this year, surpassing the 155.6% goal it set in … Italian debt is sustainable unless the world economic crisis turns out to be even worse than we currently expect, in which case, sustainability may become an issue, not just for Italy but for nearly all countries. Outlook negative Though Italian debt is a source of concern, S&P nonetheless maintained the country's rating at BBB, or two notches above the speculative category, citing in particular a diversified and rich economy as well as relatively low levels of private debt. (billed annually). In, Banca d'Italia. You only have access to basic statistics. Government Debt to GDP in Italy increased to 155.60 percent in 2020 from 134.80 percent in 2019. source: National Institute of Statistics (ISTAT) Government Debt to GDP in Italy averaged 114.04 percent from 1988 until 2020, reaching an all time high of 155.60 … Italy trade to gdp ratio for 2017 was 58.60%, a 3.24% increase from 2016. Learn more about how Statista can support your business. facts. The looming storm is all down to Italy's mounting debt levels. government debt-to-GDP ratios of Spain and Italy. Accessed March 11, 2021. https://www.statista.com/statistics/582803/government-debt-to-gdp-ratio-italy/, Banca d'Italia. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. In the absence of primary surpluses, debt servicing costs and economic growth would be key drivers of the debt ratio. And yet Italy must pay a substantial risk premium on its public debt (third largest in the world), whereas Japan (with the second largest public debt) pays roughly zero interest rates on borrowed funds. Public debt will jump to 155.7 percent of GDP, up from the pre-virus outbreak forecast of 135.2 percent, and the 134.8 percent recorded in 2019. Statista. Directly accessible data for 170 industries from 50 countries According to EU data, Italian debt stands at 131.2 percent of GDP — the second-highest ratio in the EU after Greece. ", Banca d'Italia, Government debt to gross domestic product (GDP) ratio in Italy from 2002 to 2019 Statista, https://www.statista.com/statistics/582803/government-debt-to-gdp-ratio-italy/ (last visited March 11, 2021), Government debt to gross domestic product (GDP) ratio in Italy from 2002 to 2019, Public debt forecasts in Poland 2018-2024, Debt-to-GDP ratio forecasts in Poland 2018-2024, Latin America & Caribbean: foreign debt amortization as share of GDP 2010-2020, General government debt in relation to GDP in Finland 2009-2019, by sector, Government external debt in Qatar 2005-2018, Household debt to income ratio in South Africa 2008 vs 2018, Government net debt forecast as share of GDP worldwide 2005-2035, Breakdown of public debt to GDP ratios in G20 countries, 2019 and 2025, Long-term external debt of Russia 2008-2019, by sector, Italy: value of unpaid invoices in the public administration in 2016, Peak government debt as share of GDP in the Benelux 2000-2016, Government debt as share of GDP in the GCC by country 2015, Italy: municipalities and internet security systems in Bolzano 2015, by type, National debt of Albania in relation to gross domestic product (GDP) 2022, National debt of Bosnia & Herzegovina in relation to gross domestic product 2010-2024, National debt of Austria in relation to gross domestic product 2010-20224, National debt of Benin in relation to gross domestic product (GDP) 2025*, General government gross debt of Belgium as percentage of GDP 2012-2023, Government spending in European countries, Languages and education in the United Kingdom, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. "Government debt to gross domestic product (GDP) ratio in Italy from 2002 to 2019." In 2019, the national debt of Italy amounted to about 134.8 percent of the gross domestic product. Italy’s debt is expected to approach 160% of domestic output at the end of this year, posing a major challenge to an economy which stagnated over the past decade. Private Debt to GDP in Italy decreased to 166.20 percent in 2018 from 168.10 percent in 2017. The Italian government debt is the public debt owed by the government of Italy to all public and private lenders. The Trading Economics Application Programming Interface (API) provides direct access to our data. Publish your articles and forecasts in our website. According to data from the International Monetary Fund (IMF), Italy has the 6th highest debt-to-GDP ratio at 161.8%. Italy is bracing for a major financial blow from the COVID-19 crisis. At the current level, Italy’s public debt as a percentage of GDP is the fifth largest worldwide. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Italy trade to gdp ratio for 2016 was 55.37%, a 1.05% decline from 2015. Italy public debt to hit new post-war record in 2021 at 158.5% of GDP - source Powell Calls for Patient Stimulus Approach to Keep Recovery Alive By Investing.com - Feb 10, 2021 22 The country’s planned net new bond issues will still be pretty modest at below 50 billion euros. Debt-to-GDP ratio rose to 138% in 2Q after data revision Conte government members wrangling on 2020 budget financing The Palazzo Montecitorio, Italy's parliament building in Rome. At the end of 2019, the government debt-to-GDP ratio ranged from 8.4 % in Estonia to 180.5 % in Greece. General government gross debt of Italy has risen from 131% in 2016 to 132% in 2018 according to IMF and EC while OECD claims that it, on the contrary, kept dropping since 2016. "Government Debt to Gross Domestic Product (Gdp) Ratio in Italy from 2002 to 2019. Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. This means that Italy’s government owes a significant excess amount of money in comparison to how much the country produces each year. Published by Simona Varrella, Jul 22, 2020 In 2019, the government debt was 134.8 percent of the country's GDP. $39 per month* Of the G7 countries, net debt is either above 100 per cent of GDP or expected to exceed it in France, Italy, the US and Japan as well as the UK. Italy is targeting its budget deficit at 10.4% of gross domestic product this year and sees the public debt rising to 155.7% of GDP, according to a draft forecasting document obtained by Reuters. Back to sustainability: Before the start of the crisis, Italian net debt was equal to 120 percent of GDP. Italy trade to gdp ratio for 2019 was 59.96%, a 0.39% decline from 2018. But Italy will not record a primary budget surplus until 2024 (it ran primary budget surpluses of 1%-2% of GDP in 2011-2019). Please do not hesitate to contact me. As of December 2019, the nation with the highest debt-to-GDP ratio is Japan, with a ratio of 237%. If the ratio indicates that a nation cannot pay its government debts, there is a risk of default, which could wreak havoc on the markets. Please authenticate by going to "My account" → "Administration". Please create an employee account to be able to mark statistics as favorites. Direct access to our calendar releases and historical data. Japan is the top country by general government net debt (% of GDP) in the world. According to the U.S. Bureau of Public Debt, in 2015 and 2017, the United States had debt-to-GDP … A reconstruction of the time series by Maura Francese and Angelo Pace Questioni di Economia e Finanza (Occasional papers) Publish date:: 25 October 2008; Eurostat - Key concepts for measuring government deficit and debt (external link) Government debt to gross domestic product (GDP) ratio in Italy from 2002 to 2019 [Graph].
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