External Debt
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 March 2026, the gross external debt amounted to Euro 12,943 million (or 70.5% of GDP for 2026) which is a quarterly increase of Euro 742 million, while gross external claims increased by Euro 523 million to Euro 8,139 million (or 44.3% of GDP). The quarterly increase in liabilities, amid simultaneous increase in claims, led to a growth of the net external debt by Euro 218 million, so that at the end of March 2026, it amounted to Euro 4,804 million (or 26.2% of GDP). The increase in the net external debt in the first quarter arises from the increased public and private net debt (by Euro 203 million and Euro 15 million, respectively). Read more...
Archive on External Debt
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