Debt Statistics a La Carte: Alternative Recipes for Measuring Government Indebtedness

Daniel Dias and Mark Wright

Chicago Fed Letter, 2016, No 362

Abstract: According to Eurostat, the Greek government owed ?317 billion in debt at the end of 2014. This is equivalent to more than 177% of gross domestic product (GDP) or 387% of tax revenue, and amounts to almost ?30,000 per person. This seems like a very large sum. For comparison, of the other highly indebted European countries that received financial assistance, Portuguese government debt amounted to 130% of GDP, while Irish government debt amounted to 110% of GDP

Keywords: Debt; International Monetary Fund (IMF); Eurozone; Gross domestic product (GDP); Eurostat (search for similar items in EconPapers)
Date: 2016
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Working Paper: Debt Statistics a la Carte: Alternative Recipes for Measuring Government Indebtedness (2015)
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