The government debt-to-GDP ratio across the eurozone and the broader European Union increased at the end of the second quarter of 2026, indicating a continued rise in public debt burdens, according to data from the EU's statistical office Eurostat on Wednesday.
In the euro area, the government debt-to-GDP ratio stood at 88.8 percent, an increase of 0.4 compared with the figure at the end of the first quarter of 2026. In the EU, the ratio also climbed from 82.5 percent to 82.9 percent.
Among EU member states, Greece recorded the highest debt ratio at 140.8 percent, followed by Italy at 139.9 percent and France at 119.1 percent. Belgium and Spain also saw their debt ratios exceed 110 percent and 100 percent, respectively.
In the second quarter of 2026, the government deficit as a percentage of GDP in the eurozone rose from 3.2 percent in the first quarter to 3.3 percent, while the deficit ratio for EU member states went up from 3.1 percent to 3.5 percent.
The Euro area (EA21) is composed of Belgium, Bulgaria, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
The European Union (EU 27) consists of Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.
Eurozone, EU government debt ratios rise in Q2: Eurostat
Eurozone, EU government debt ratios rise in Q2: Eurostat
