The Eurozone government debt to gross domestic product ratio declined in the third quarter, Eurostat reported Thursday.
At the end of the third quarter of 2014, government debt to GDP came in at 92.1 percent versus 92.7 percent in the second quarter. In the same period of last year, the ratio was at 91.1 percent.
In the EU28, the ratio decreased to 86.6 percent in the third quarter from 87 percent in the prior quarter. This decrease in the debt ratio comes after fifteen consecutive quarters of increase.
The lowest ratios of government debt to GDP were registered in Estonia, Luxembourg and Bulgaria. Meanwhile, Greece, Italy and Portugal posted the highest ratios.
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