Italy's national debt reached 155.6% of GDP in 2020 Updated Mar 03, 2021 08:39 AM Pushed by drastically increased public spending and a record-setting economic slowdown due to the Covid-19 pandemic, Italy's national debt ratio surged last year, reaching 155.6 per cent of the country's GDP… Household debt, % of net disposable income, 2019 General government debt, % of GDP, 2019 Household debt: ... Dec-2020 Italy (red) Net pension replacement rates Indicator: 91.8 Men The Rome government sees Italy's debt-to-GDP ratio surging to between 155% and 159% of national output this year, sources close to the matter told Reuters, as it increases borrowing to mitigate the impact of a lockdown to fight the new coronavirus. Projected growth rate: % Debt. italy News. Historical data on the value and ratio of Italy public debt to its Gross Domestic Product. Still, despite the big increase in the ratio, it is on the low end of the estimates from economists nearly a year ago, when predictions were that the national debt would swell to 155 per cent to 159 per cent of the GDP. According to the data, the economy was worth 1.65 trillion euros. Nevertheless, the budget projects a gradual fall in debt-to-GDP from its 2020 peak. The highest-ever debt ratio in Italy was registered in 2015, at 135.3 per cent of the GDP, according to ISTAT data. Is Italy’s General Government Debt Growing? The highest-ever debt ratio in Italy was registered in 2015, at 135.3 percent of the GDP, according to ISTAT data. Following a 127.9% debt-to-GDP ratio in 1998, Italy experienced a steady decline in debt and down to 113.9% in 2003. 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. Morgan Stanley says Italy could save 300 million euros in 2020 ... “This means that debt-to-GDP ratios which are above 100% will be sustainable,” said Jolien van … Italy Government Debt to GDP was 135 % in 2021. The cabinet is expected to meet on Wednesday to update its economic and public finance goals, one of the sources said, asking not to be … Still, despite the big increase in the ratio, it is on the low end of the estimates from economists nearly a year ago, when predictions were that the national debt would swell to 155 percent to 159 percent of the GDP. In the absence of primary surpluses, debt servicing costs and economic growth would be key drivers of the debt ratio. Gross domestic product (GDP), US dollars/capita, 2019. But Italy will not record a primary budget surplus until 2024 (it ran primary budget surpluses of 1%-2% of GDP in 2011-2019). Statistics on external debt. A more adverse growth profile, with a 12% YoY contraction this year, would lead to a 13% deficit-to-GDP ratio and a debt-to-GDP … As of 2020 September, Italy’s total public debt is estimated to be over €2,580 billion. 44 368 US$ per capita. Home italy News Italy's accounts, from GDP to 2020 debt. Italy’s public finances: in the short term, the government is expecting a deficit worth 10.4% of GDP and a debt/GDP ratio at 155.7% in 2020, in line with our expectations. In 2019 the debt ratio was 134.6 per cent of the GDP.
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