Eurozone public debt rises to 88.8% of GDP

Eurostat data for the second quarter of 2026 shows that public debt in the eurozone has reached 88.8% of GDP, up from 87.3% during the same period last year. Across the entire European Union, the debt-to-GDP ratio rose to 82.9% from 81.4% a year prior.

Greece and Italy remain the most indebted nations, with Greece at 140.8% and Italy at 139.9% of GDP. Notably, the two countries are moving in opposite directions: Greece reduced its debt by 11.2 percentage points over the year, while Italy's debt increased by 1.3 percentage points in the second quarter alone.

Other highly indebted members include France (119.1%), Belgium (110.2%), and Spain (101.4%). In terms of quarterly growth, Poland and Portugal saw the largest increases in their debt-to-GDP ratios. Conversely, Estonia, Denmark, and Luxembourg maintain the lowest debt levels, all below 29% of GDP.