Net public debt as a share of GDP reached 123 % in 2019 in Italy, according to the National Statistical Office. This is 0.113 % more than in the previous year.
Historically, net public debt as a share of GDP in Italy reached an all time high of 123 % in 2015 and an all time low of 89.1 % in 1988. When compared to Italy's main peers, net public debt as a share of GDP in Austria amounted to 47.8 %, 89.4 % in France, 43.1 % in Slovenia and 21.3 % in Switzerland in 2019.
Italy has been ranked 3rd within the group of 86 countries we follow in terms of net public debt as a share of GDP, 1 places above the position seen 10 years ago.
Public or government debt is the debt owed by state institutions (or central government).