Lithuania’s government debt reached €33.6 billion in the third quarter of last year, equivalent to 40.7% of the country’s gross domestic product (GDP), one of the lower ratios in the European Union, Eurostat data show.
By comparison, Latvia’s government debt stood at €19 billion, or 45.2% of GDP, while Estonia’s debt totalled €9.4 billion, or 22.9% of GDP, remaining the lowest in the EU. Greece continued to have the highest debt level, at 149.7% of GDP.
Across the European Union, government debt averaged 82.1% of GDP, and in the eurozone it was 88.1%.
Lithuania’s budget deficit in the third quarter was 1.8% of GDP, below the EU average, according to Eurostat. Estonia reported a deficit of 1.2%, while Latvia’s was 3%. The average deficit for EU countries was 3.2% of GDP.
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