External debt of an economy represents actual current liabilities between residents and non-residents, based on debt instruments, at a certain date. The statistical research of the external debt includes standard reports for Gross External Debt and Gross External Claims.

The most used external debt indicator is the gross external debt, which at any given time is the outstanding amount of current and not contingent liabilities that require payment(s) of principal and /or interest by the debtor at some point(s) in the future and that are owed to nonresidents by residents of an economy.

External debt statistics also include indicators for net external debt i.e. the difference between the stock of gross external debt and gross external claims. In its structure, net external debt is identical with the gross external debt and claims, where the standard presentation contains classification by institutional sectors, maturity and debt instruments.



Latest developments:


At the end of the first quarter of 2020, the gross external debt, excluding the effect of the specific activities for managing the foreign reserves of the central bank, amounted to Euro 8,127 million (74.3% of GDP) and registered a quarterly fall of Euro 64 million, while the gross external claims, excluding the effect of the specific activities of the central bank, decreased by Euro 195 million and amounted to Euro 5,188 million (47.5% of GDP). The larger quarterly decrease in claims against liabilities increased the net external debt by Euro 130 million, and at the end of March 2020 it amounted to Euro 2,938 million (26.9% of GDP). Thus, the increase in the net external debt in the first quarter arises from the increased private and public net debt (by Euro 99 million and Euro 31 million, respectively).

At the end of the first quarter of 2020, the gross external debt amounted to Euro 8,339 million or 76.3% of GDP (including the effect of the specific activities for managing the foreign reserves of the central bank) and registered a quarterly growth of Euro 148 million, while the gross external claims (including the effect of the specific activities of the central bank) increased by Euro 18 million and amounted to Euro 5,401 million (49.4% of GDP). Read more...    










 


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