Press release: 12.407-247/20

Government debt amounted to €300.2 bn or 79.1% of GDP at the end of September 2020

Vienna, 2020-12-30 – According to calculations by Statistics Austria, government debt amounted to €300.2 bn or 79.1% of GDP at the end of the third quarter 2020. Government debt thereby was €15.6 bn lower than at the end of the second quarter 2020 and decreased in the debt ratio by 3.4 percentage points of GDP. Compared to the end of the third quarter 2019 (€281.4 bn or 71.1 percent of GDP), quarterly government debt increased in absolute terms by €18.7 bn and in relative terms by 8.0 percentage points of GDP. By financial instruments, €253.8 bn of government debt were debt securities, €44.6 bn loans and €1.7 bn deposits.

The government deficit amounted to €5.7 bn in the third quarter of 2020, this accounts for 6.0% of quarterly GDP. Compared to the third quarter of 2019 (government surplus of €2.1 bn or 2.1% of GDP), this means a decrease by €7.8 bn and in relative terms by 8.1 percentage points of GDP.

For more detailed information please refer to the German version.