Europe

Italy's Mountain of Debt

It looks as though Italy is about to be governed by a eurosceptic coalition of the populist parties, M5S and League and some fear that if the new government actually pushes ahead with its promised policies, the country could be heading toward a Greek-style banking and debt crisis. Italy’s ‘mountain of debt’, as recorded by the IMF, is currently €2.3tn, or as our infographic shows, 132 percent of GDP - the highest rate in Europe apart from Greece. Another big test for the EU seems to be looming.

Description

This chart shows Italy's national debt as a share of GDP and the growth rate of real GDP from 2008 to 2018.

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Government debt to gross domestic product (GDP) ratio in Italy from 2019 to 2022
Government gross debt in Italy from 2000 to 2025 (as a share of GDP)
Ratio of national debt to GDP of Italy from 1988 to 2031
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Private debt as percentage of GDP in Italy from 2014 to 2018
Comparison of gross domestic product (GDP) and national debt in selected euro area countries in 2024 (in billion euros)
General government consolidated gross debt in Italy from 2006 to 2023 (in billion euros)

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