Baltic: Estonia continues to have EU’s lowest debt burden: Eurostat

Estonia’s debt to GDP ratio rose in the third quarter of 2023 but was still the lowest in the EU, according to Eurostat data, ERR reports. Estonia’s general government gross debt totalled EUR 6.789bn, which was up from EUR 5.585bn in the third quarter of 2022. The country’s debt to GDP ratio stood at 18.2%, which was up 2.3 percentage points from 15.9% a year earlier. Latvia’s government debt totalled EUR 16.739bn in the third quarter of 2023, which was up from EUR 15.086bn in the same period of 2022. The debt to GDP ratio was 41.4%, which was up 1.3 points from 40.1% a year earlier. Lithuania’s government debt amounted to EUR 26.557bn, which was up from EUR 24.036bn. The debt to GDP ratio stood at 37.4%, which was up 0.4 points from 37.0% in the third quarter of 2022.