Portugal has third largest public debt in EU as a pct of GDP

26 January 2015

Portugal’s public debt as a percentage of GDP was the third highest in the European Union at the end of the third quarter of 2014, at 131.4 percent, according to Eurostat.

The official European Union statistics office also said that ahead of Portugal were Greece, with 176 percent and Italy with 131.8 percent of GDP.

The published data also showed that, compared to the second quarter of 2014, Portuguese public debt rose 1.9 percentage points to 131.4 percent of GDP, the second highest increase in this rate amongst the 28 Member States, just behind Bulgaria (+3.1 percentage points).

at the end of September Portuguese public debt totalled 228.36 billion euros, 4.231 billion euros more than the figure at the end of the second quarter. (macauhub/PT)