Romania’s governmental debt among lowest in the EU

Romania achieved one of the lowest levels of governmental debt in the EU in mid-2014. Its value accounted for EUR 55,7 billion, or 39% of the GDP. The average level of governmental debt in the EU reaches 88% of GDP, while the same indicator in Eurozone growths even higher to 93,9%. There are only four EU countries with lower governmental debt to GDP indicators – Estonia (10%), Bulgaria (20,3%), Luxembourg (22,9%) and Latvia, which governmental debt accounts for 38,2% of GDP. On the other hand there are some countries with many times greater levels of debt. Greece had the highest ratio – 174%, Italy – 135% and Portugal – 132%.Tags: , ,