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 December 2025, the gross external debt amounted to Euro 12,202 million (or 72% of GDP for 2025) which is a quarterly increase of Euro 34 million, while gross external claims decreased by Euro 68 million to Euro 7,616 million (or 0.9% of GDP). The quarterly increase in liabilities, amid simultaneous reduction in claims, led to a growth of the net external debt by Euro 102 million, so that at the end of December 2025, it amounted to Euro 4,586 million (or 27.1% of GDP). The increase in the net external debt in the fourth quarter is a result of the increased private net debt (by Euro 257 million) and the decreased public net debt (by Euro 155 million). Read more...
Archive on External Debt
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