Romania ranks as 16th of the European Union\u2019s 27 members by the public indebtedness ratio, with a public debt of 55.8% of GDP at the end of Q1, still below the EU average (81.8%), according to Eurostat data. \u00a0<\/p>\n
However, Romania\u2019s public debt is rising faster than average as the country ranks third in the EU when it comes to growth compared to the first quarter of last year – +4.1pp compared to 0.2pp EU average.<\/p>\n
The highest ratios of government debt to GDP at the end of the first quarter of 2025 were recorded in Greece (152.5%), Italy (137.9%), France (114.1%), Belgium (106.8%) and Spain (103.5%), and the lowest were recorded in Bulgaria (23.9%), Estonia (24.1%), Luxembourg (26.1%) and Denmark (29.9%).<\/p>\n
Compared with the first quarter of 2024, thirteen Member States registered an increase in their debt-to-GDP ratio at the end of the first quarter of 2025, twelve Member States registered a decrease, and the ratio remained stable in Slovenia and Estonia.\u00a0<\/p>\n
The largest increases in the ratio were recorded in Poland (+6.1 pp), Finland (+5.1 pp), Austria and Romania (both +4.1 pp), France (+3.6 pp), Italy (+2.9 pp), Slovakia (+2.6 pp), and Sweden (+2.0 pp). The largest decreases were observed in Greece (-9.3 pp), Cyprus (-8.2 pp), Ireland (-6.1 pp), Croatia (-3.6 pp), Denmark (-3.2 pp), Spain (-2.8 pp), and Portugal (-2.7 pp).<\/p>\n