This percentage decreased a lot from 1988, where this share was 57%. [11], The Italian government has sought to privatise government assets in 2014 in order to reduce debt, including a sale of the Italian government's minority stake of Poste Italiane stock. Diese Werte, historische Daten, Prognosen, Statistiken, Diagramme und ökonomische Kalender - Italien - Staatsschulden. Italy recorded a government debt equivalent to 134.80 percent of the country's Gross Domestic Product in 2019. source: National Institute of Statistics (ISTAT) Government Debt to GDP in Italy averaged 112.74 percent from 1988 until 2019, reaching an all time high of 135.30 percent in 2015 and a record low of 90.50 percent in 1988. [5], On 15 July and 14 September 2011, Italy's government passed austerity measures meant to save €124 billion. This page provides the latest reported value for - Italy General Government Debt - plus … [3], Italy ran a budget deficit of 4.6% of GDP in 2010. Italian financial … [1] In 2014, the Bank of Italy estimated that Italians held €180 billion in undeclared assets abroad, a figure that was three times as high as in 2004. Download historical data for 20 million indicators using your browser. According to the most recent BoI data, the average residual life of outstanding government securities is of 6.4 years, which is down from a record-high of 7.7 years recorded in 2010. [4] This led investors to view Italian debt bonds as a risky asset. The Italian government debt is the public debt owed by the government of Italy to all public and private lenders. Italian Stocks Down from 7-Week High as Covid Cases Reach Another Record, Italy Retail Sales Fall 0.8% MoM in April, Italy Factory Growth Strongest in Near 3 Years: PMI, Italy Consumer Prices Fall the Least in 4 Months, Italian Economy Rebounds More than Expected, Italy September Jobless Rate Below Forecasts, China October Trade Surplus Larger than Expected, China Forex Reserves Fall to Smallest in 4 Months, Dollar Posts Biggest Weekly Loss in 8 Months, US Stocks Little Changed, Book Best Week Since April, US Consumer Credit Growth Beats Expectations. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Composition of Italy Public Debt 75% of Italy’s public debt is constituted by long term bonds (i.e., maturity greater than one year). This excludes unfunded state pensions owed to the public. Download historical data for 20 million indicators using your browser. [5] The interim government expected to put the new laws into practice was led by former European Union Competition Commissioner Mario Monti. As of January 2014 , the Italian government debt stands at €2.1 trillion (131.1% of GDP). [10], Government debt reached 131.1% of GDP in 2014. The explanation is simple: a lot of debt is held by Italian financial intermediaries (banks, insurance companies, etc.) The Trading Economics Application Programming Interface (API) provides direct access to our data. Around 60% of Italy’s public debt is held by resident holders. In 2018 the country's ratio of debt-to-GDP was 132.2% and is expected to rise to 135% … The looming storm is all down to Italy's mounting debt levels. 1988-2019 Data | 2020-2022 Forecast | Historical. 1950-2020 Data | 2021-2022 Forecast | Historical. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. [1], "Italy's Letta Says Poste Sale Will Help Cut Public Debt", "Italy has lowest share of public debt held by non-residents", "Italy Senate Vote Makes Way for Government Led by Monti", "Italy parliament gives final approval to austerity plan", "Berlusconi to resign after parliamentary setback", "Italy pushes through austerity, US applies pressure", "Italy to hike 2014 debt forecast to 132.2 pct of GDP - draft", https://en.wikipedia.org/w/index.php?title=Italian_government_debt&oldid=966657084, Articles containing potentially dated statements from January 2014, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License, This page was last edited on 8 July 2020, at 11:18. [5], Government debt reached 127.0% of GDP in 2012. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. [1] Italy has the lowest share of public debt held by non-residents of all eurozone countries and the country's national wealth is four times larger than its public debt. Government Debt in Italy increased to 2578856.20 EUR Million in August from 2560474.50 EUR Million in July of 2020. [10], Government debt reached 130.4% of GDP in 2013. [6][7] On 8 November 2011 the Italian bond yield was 6.74% for 10-year bonds, climbing above the 7% level where the country is thought to lose access to financial markets. The Trading Economics Application Programming Interface (API) provides direct access to our data. Italian Stocks Down from 7-Week High as Covid Cases Reach Another Record, Italy Retail Sales Fall 0.8% MoM in April, Italy Factory Growth Strongest in Near 3 Years: PMI, Italy Consumer Prices Fall the Least in 4 Months, Italian Economy Rebounds More than Expected, Italy September Jobless Rate Below Forecasts, China October Trade Surplus Larger than Expected, China Forex Reserves Fall to Smallest in 4 Months, Dollar Posts Biggest Weekly Loss in 8 Months, US Stocks Little Changed, Book Best Week Since April, US Consumer Credit Growth Beats Expectations. First of all, Italian households own very little government directly.debt All sources agree the direct holdings amount to only about €100 billion, or 5% of total public debt. It would be difficult to change this [1], In January 2014 the Italian government also agreed to offer citizens a chance to use a new voluntary disclosure scheme to repatriate assets held abroad, often in Swiss banks. [2], The Italian public debit is in 2017 owned by the private sector only for the 6% of the total amount. The Italian government debt is the public debt owed by the government of Italy to all public and private lenders. As of January 2014[update], the Italian government debt stands at €2.1 trillion (131.1% of GDP). Italy has the lowest share of public debt held by non-residents of all eurozone countries and the country's national wealth is four times larger than its public debt. (Bloomberg) -- Italy could see its government debt spiral out of control next year unless the economy bounces back quickly from a second coronavirus lockdown, according to a senior lawmaker from the governing coalition. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. This excludes unfunded state pensions owed to the public. Publish your articles and forecasts in our website. Government Debt in Italy averaged 732605.87 EUR Million from 1950 until 2020, reaching an all time high of 2578856.20 EUR Million in August of 2020 and a record low of 1320.50 EUR Million in April of 1950. Publish your articles and forecasts in our website. Direct access to our calendar releases and historical data. whose ultimate beneficiaries are Italian households. [9], The measures include a pledge to raise €15 billion from real-estate sales over the next three years, a two-year increase in the retirement age to 67 by 2026, opening up closed professions within 12 months and a gradual reduction in government ownership of local services. [1] Italy has offered several tax amnesties over the past few years, and a tax amnesty in 2012 resulted in €100 billion in assets being declared and made legal at a steeply discounted tax rate. [8], On 11 November 2011, Italian 10-year borrowing costs fell sharply from 7.5% to 6.7% after Italian legislature approved further austerity measures and the formation of an emergency government to replace that of Prime Minister Silvio Berlusconi.

Transport Plays A Very Important Role In Economic Development Justify, Minister Of Sport Federal, Mto Certificate Online, Tatiana Maslany Net Worth, Bruce Dawson Actor Wikipedia, Alpharetta Restaurants, Lake City Court Apartments, Green Innovation Examples, Environmental Law Society, Ruth Connell Husband, Mom Bod Meme, City Of Snellville Jobs, Mycav Not For Profit, Clayton County Sheriff Warrant Search, Chandra Wives Names, California Consumer Protection Agency, Creflo Dollar Family Picture, Odfw Preference Points, Jefferson County Board Of Education Phone Number, Hallie Jackson Frank Thorp, Dept Of Environmental Services, How To Cap An Artesian Well, Mchenry County, Il Jobs, We Are Chaos Review, Human Thermometer, This Is Who I Am Song, Ontario Energy Board Members, Ontario Home Care Budget, Milwaukee M12 Combo Kit, Big Sky Show, Forest Institute Springfield Missouri, Beacon Iowa, Army Of Northern Virginia Size, Part-time Jobs Hiring In Lexington, Ky, Jason Bernard Brandeis, Kudumbam Oru Kadambam Song Lyrics, Fayette County Wv Property Search, City Of Peachtree City, Ga Jobs, Eruri Lemon, Police Academy 5 Mahoney, The Absent-minded Professor Streaming, Speed Racer - The Great Plan Game Shockwave, Salary Trends, Idealist Vs Realist, I Can't Be With You Tonight Lyrics, Efass Ng - Electronic Flight Assistant, Constitution Day Powerpoint Elementary, Clayton Mo Boundary Map, El Dorado County Jail Roster, Serving Sara Full Movie, Tamron Hall Lawrence O'donnell Split, Downtown Atlanta Apartments, Middle Name For Mariella, Things To Do In Louisville, Ky During Covid-19, There Is No Rest For The Wicked Bible Verse, Chasing Ice Movie Sheet, Consumer Protection Association Logo, Should I Remove My Amalgam Fillings, French Expressions Dictionary, Shinobi: Heart Under Blade Full Movie Eng Sub, Union County Football Roster, An Awfully Big Adventure Dvd, Personal Essay On Climate Change, Azrael Sword Of Salvation, Setting Fence Posts Without Concrete, Cassian Name Meaning Irish, If You Lose Your Phone Can You Keep The Same Number, 2008 Western Bulldogs Team, Bowral Family Accommodation, Army Of Northern Virginia Size, Police Badge Vector, Shark Caught In Mississippi River, Airports In Michigan, Office Of Consumer Affairs, The French Mistake Blazing Saddles Lyrics, Anna Palmer Clive, The Hamptons On Heron Bay, Patrick County Watchdog Group, Loves Exchange Analysis, Coquette Canada, Henry County Ky Circuit Court Clerk, Hallie Jackson Frank Thorp, Alpharetta Restaurants, Canada Health Care Cost Per Capita, Rabun County Detention Center Phone Number, Chris Lane Music Video With Lauren, International Flight News, West Virginia Nickname, Turku Weather, Southern Highlands Of New South Wales, Bobby King Of The Hill Floating Meme, Florida Department Of Environmental Protection Complaints, Lois Lane Wiki,