Chart of the Day: Euro Zone Government Debt

The two Wall Street Journal charts below give one a sense of the relative size of the government debt markets in the euro zone as well as the size of those markets compared to each country’s GDP. Estonia has both the smallest government debt market and the lowest debt level as a percentage of GDP. Due to its size, Germany has the largest government debt market in the euro zone. However, Germany’s debt to GDP at 82% is also well over the Maastricht treaty limit of 60% as none of the large euro zone nations fulfil the Maastricht government debt criteria. Greece still has the highest debt to GDP ratio.

(click image to enlarge)

Source: The Wall Street Journal


Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.