Bulgaria ranks second in the EU in terms of lowest public debt to GDP ratio

Bulgaria is still one of the EU countries with the lowest public debt to GDP ratio, according to the latest Eurostat data. In September 2012, Bulgaria’s government debt to GDP ratio was 18.7%, ranking our country second in the Community on this indicator.

An increase of 2.3% was registered in Q3 2012, compared to Q2 0212 and the year-on-year increase was 3.7 percentage points. The only country ahead of Bulgaria is Estonia, with a public debt to GDP ratio of just 9.6% and Luxembourg ranks after our country with a 20.9% ratio.

At the end of Q3 2012, the average public debt to GDP ratio in the Eurozone was 90%, having registered a slight increase from the previous quarter when it was 89.9%.

The EU average in September 2012 was 85.1%, again with a trifling increase on a quarterly basis. A year earlier, however, the ratio was 86.8% in the Eurozone and 81.5% in the EU.

Sources: www.klassa.bg