Gross government debt as a percentage of GDP stood at 88.2% in the third quarter of 2025 across the countries of the Eurozone.

As for Cyprus, government debt in the third quarter of 2025 amounted to 60.6% of GDP, marking a decline of 0.7 percentage points compared with the previous quarter.

According to data released today by the European Statistical Service (Eurostat), gross government debt in the Eurozone recorded an increase compared with the second quarter of 2025.

For the same period, across all EU member states, government debt increased from 81.9% to 82.1% of GDP.

Compared with the third quarter of 2024, sixteen EU member states recorded an increase in their debt-to-GDP ratio at the end of the third quarter of 2025, while eleven member states recorded a decrease.

The largest increases were observed in Romania (+5.5 percentage points), Poland (+5.0), Finland (+4.7), Bulgaria (+4.1) and France (+4.0).
The largest decreases were recorded in Greece (-8.9), Ireland (-7.1), Cyprus (-6.1), Denmark (-3.1 percentage points) and Latvia (-2.3).

Overall, compared with the third quarter of 2024, government debt as a percentage of GDP increased in both the Eurozone (from 87.7% to 88.5%) and the European Union (from 81.3% to 82.1%).

At the end of the third quarter of 2025, general government debt consisted of 84.2% debt securities in the Eurozone and 83.6% in the EU, 13.3% loans in the Eurozone and 13.9% in the EU, and 2.6% currency and deposits in the Eurozone and 2.5% in the EU.