Net public debt as a share of GDP reached 47.8 % in 2019 in Austria, according to the National Statistical Office. This is 5.65 % less than in the previous year.
Historically, net public debt as a share of GDP in Austria reached an all time high of 60.5 % in 2010 and an all time low of 40.4 % in 1999. When compared to Austria's main peers, net public debt as a share of GDP in Germany amounted to 41.1 %, 59.3 % in Hungary, 123 % in Italy and 21.3 % in Switzerland in 2019.
Austria has been ranked 35th within the group of 86 countries we follow in terms of net public debt as a share of GDP, 20 places behind the position seen 10 years ago.
Public or government debt is the debt owed by state institutions (or central government).