Croatia’s national debt lower than EU average, new Eurostat data shows

According to the latest data from Eurostat for the fourth quarter of 2024, Greece remains the most indebted country in the European Union, with public debt reaching 153.6% of its GDP.

Italy follows with 135.3%, while France holds third place at 113.1%, HRT reports.

Also reporting debt levels above 100% of GDP are Belgium (104.7%) and Spain (101.8%).

These countries continue to face significant financial pressure compared to other EU members.

Portugal (94.9%), Finland (82.1%), and Austria (81.8%) are all positioned in the upper half of the EU’s debt rankings. Overall, the average debt across the EU currently stands at 81.0% of GDP.

Croatia finds itself just below the middle, with debt accounting for 57.6% of GDP.

This is notably below the EU average but still significantly higher than the figures seen in the most fiscally conservative member states.

The lowest debt levels were recorded in Estonia (23.6%), Bulgaria (24.1%), and Luxembourg (26.3%). Denmark (31.1%) and Sweden (33.5%) also stand out as financially stable nations based on this metric.

The data highlights stark contrasts between EU countries, underlining ongoing challenges for fiscal policy and financial stability within the eurozone and the wider European Union.