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In 2023, the Italian public debt reached 134 percent of the country's GDP. Since 2000, the ratio grew by more than 20 percentage points. In 2020, the government debt to GDP ratio grew to 154 percent, due to a contraction of the GDP and the increase in public spending to cope with the COVID-19 pandemic.

Government gross debt in Italy from 2000 to 2023 (as a share of GDP)

Characteristic	Public debt as share of GDP
2023	134.8%
2022	138.3%
2021	145.7%
2020	154.3%
2019	133.8%
2018	134.1%
2017	133.7%
2016	134.2%
2015	134.7%
2014	134.8%
2013	131.8%
2012	125.9%
2011	119.1%
2010	118.7%
2009	116.1%
2008	105.8%
2007	103.5%
2006	106.3%
2005	106.2%
2004	104.7%
2003	105.1%
2002	105.9%
2001	108.5%
2000	108.7%

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Release date

October 2024

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Region

Italy

Survey time period

2000 to 2023

Supplementary notes

The source adds the following information: "The Treaty on the Functioning of the European Union defines this indicator as the ratio of government debt outstanding at the end of the year to gross domestic product at current market prices. For this calculation, government debt is defined as the total consolidated gross debt at nominal value in the following categories of government liabilities (as defined in ESA 2010): currency and deposits (AF.2), debt securities (AF.3) and loans (AF.4). The general government sector comprises the subsectors of central government, state government, local government and social security funds."

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