Portugal’s public debt totals 131.3 pct of GDP in the second quarter

24 October 2013

Portugal’s public debt rose to 214.8 billion euros in the second quarter of the year, which is the equivalent of 131.3 percent of the country’s Gross Domestic Product (GDP), Eurostat said Wednesday.

In the period, Portuguese public debt rose by over 6 billion euros (from 208.6 billion euros in the first quarter), or 3.8 percentage points (from 127.5 percent in the first quarter), according to figures announced by Eurostat.

Compared to the second quarter of 2012, the increase in public debt was 16 billion euros (from 198.8 billion euros in the first quarter), or 13.1 percentage points.

Portugal continues to be the Euro Zone country with the third-highest level of public debt, after Greece (169.1 percent of GDP) and Italy (133.3 percent of GDP).

Overall public debt in Euro Zone countries totalled 93.4 percent of GDP, a rise of 11 percentage points against the first quarter of the year and 3.5 percentage points against the same period of last year, whilst in the wider European Union public debt totals 86.8 percent of GDP. (macauhub)