Public debt: 133% of GDP (2013 est.)
126.9% of GDP (2012 est.)
note: Italy reports its data on public debt according to guidelines set out in the Maastricht Treaty; general government gross debt is defined in the Maastricht Treaty as consolidated general government gross debt at nominal value, outstanding at the end of the year, in the following categories of government liabilities (as defined in ESA95): currency and deposits (AF.2), securities other than shares excluding financial derivatives (AF.3, excluding AF.34), and loans (AF.4); the general government sector comprises the central government, state government, local government and social security funds
Definition: This entry records the cumulative total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.
Source: CIA World Factbook - This page was last updated on June 30, 2015See Also
- Public debt by year chart
- Public debt rank chart
- Public debt - comparative map
- External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) - thematic map - World Bank indicator
- External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) - country comparison - World Bank indicator
Related Data From the International Monetary Fund
Variable: General government gross debt
Note: Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).
Units: Percent of GDP
Country-specific Note: See notes for: General government gross debt (National currency).
Source: International Monetary Fund, World Economic Outlook Database, April 2015
|Year||General government gross debt||Percent Change|