site.btaAt 24.1%, Bulgaria’s Government Debt to GDP Ratio Second Lowest in EU at End-2024

At the end of 2024, Bulgaria’s government debt to GDP ratio was 24.1%, the second lowest in the EU, the Statistical Office of the European Commission (Eurostat) reported on Tuesday.

The lowest level was reported in Estonia, at 23.6%, and other relatively low rates were observed in Luxembourg (26.3%), Denmark (31.1%), Sweden (33.5%) and Lithuania (38.2%). Twelve member states had government debt ratios higher than 60% of GDP, with the highest registered in Greece (153.6%), Italy (135.3%), France (113.0%), Belgium (104.7%) and Spain (101.8%). The EU average was 81%. The euro area saw an average rate of 87.4%.

Bulgaria’s government deficit in 2024 was 3.0% of the country’s GDP, making it one of 12 EU member states whose government deficits were equal to or higher than 3% of GDP, Eurostat said.

All member states, except Denmark (+4.5%), Ireland and Cyprus (both +4.3%), Greece (+1.3%), Luxembourg (+1.0) and Portugal (+0.7%), reported a deficit. The highest deficits were recorded in Romania (‑9.3%), Poland (-6.6%), France (‑5.8%) and Slovakia (-5.3%).