The government debt-to-GDP ratio in the euro area increased slightly to 88.1 percent by the end of the second quarter of 2024, up from 87.8 percent in the first quarter, according to Eurostat. In the EU, the debt-to-GDP ratio rose marginally from 81.3 percent to 81.5 percent during the same period.
Compared to 2023, the euro area saw a decrease in its government debt ratio, which had stood at 88.8 percent, while the EU also experienced a decline from 81.9 percent to 81.5 percent. Most government debt is made up of debt securities, followed by loans and deposits.
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