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European Debt Map

April 11th, 2012

Click on country for debt/GDP ratio and debt per person.

This map shows which European countries are currently suffering the most from high public debt levels. Public debt is debt owed by the country’s government. As may not be very surprising, Greece, Italy, and Iceland are the countries with the highest debt-to-output rations, which means that the debt is large compared to the size of the economy. For example, a large economy such as Italy, can easier deal with a large debt than small Malta. However, the country with the highest debt per person, is Ireland, with USD 43,223.

It appears that the rich countries–who more likely can afford it–have the most debt per person. For example, the poor countries of Azerbaijan, Moldova, and Belarus, have a debt per person of only USD 229, 477, and 447, respectively. Still, for many of the most indebted countries, future large tax increase seems to be inevitabe, because they have no other substantial revenue sources.

Note that after the Greek default of March 2012, their debt owed has fallen substantially below the level indicated in the map above. Some countries were left out due to unavailability of reliable data.

Categories: Economics
  1. April 18th, 2012 at 01:56 | #1

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  2. June 19th, 2012 at 16:32 | #2

    The figure for Ireland is I would say inceorrct. Ireland hosts many banks, and the debts of these banks (many of them at the International Financial Services Centre in Dublin) have been included. If you take the debt figures as % of population this would mean that Ireland has debt per person of €217,000 (!). Not that I’m saying Ireland doesn’t have debt problems though!

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