Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spanish National Debt Stands at 62.5 Pct of GGDP

Fri 16th Sep 2011

The Bank of Spain released data earlier today revealing how the nation's debt increased to 65.2% of GDP in Q2 of this year, it's highest level in 14 years.

The increase comes as a result of large government budget deficits that peaked at 11.1% of GDP in 2009, and have been projected to be reduced to around 6% of GDP for 2011. Spain's overall debt is still one of the lowest in the euro zone, but has climbed significantly from 36.2% of GDP in 2007, before the crash of the property market, which marked the start of the slide into recession.

The Bank of Spain also revised up its estimate for first-quarter debt - down to 63.8% of GDP from the 63.6% forecast earlier in the year.

Regional debt increased once again - reaching a peak of 12.4% of GDP.

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs