Portugal with 3rd highest short-term government debt

Portugal has the third highest proportion (16.7%) of its government debt with an initial maturity of less than one year and is the country with the greatest amount in cash and deposits in the EU

By TPN/Lusa, in News · 23 Jun 2019, 10:00 · 1 Comments

According to figures published by Eurostat relating to the structure of government debt in member states, Portugal came third in short-term debt after Sweden (20.5%) and Hungary (17.9%).

The Eurostat figures for last year also showed that Portugal was the member state with the highest percentage of instruments in cash and deposits (10.8%), followed by Ireland (10.5%), the UK (10.4%) and Italy (7.7%), more than double the EU average of 4.1%.

Portugal had the third highest government debt compared to Gross Domestic Product (GDP) 121.5%, after Greece (181.1%) and Italy (132.2%).

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Comments

As someone planning a move to Portugal, it would be helpful to me to have some basic analysis included. What do these two statistics mean? One seems to indicate economic weakness, the other strength. This is simply data with no indication of how it pertains to the overall economic health of the country.

By Markus Hayes from USA on 23 Jun 2019, 21:40