Could the Coronavirus Create an Italian Debt Crisis (And Destroy the Euro)? According to the most recent BoI data, the average residual life of outstanding government securities is of 6.4 years, which is down from a ⦠Italian debt is sustainable unless the world economic crisis turns out to be even worse than we currently expect, in which case, sustainability may become an issue, not just for Italy but for nearly all countries. The debt-to-GDP ratio gives insight into whether the U.S. has the ability to cover all of its debt. Italyâs public debt, proportionally the highest in the euro zone after Greeceâs, will hit a record 133.8 percent of GDP this year and climb to 134.8 percent in 2020, the OECD said. The statistical [â¦] ...  In the third quarter of 2020, the U.S. debt-to-GDP ratio was 127%. In very basic terms, this can be thought of as debt that the government owes to others plus debt that it owes to itself. This statistic shows the national debt of Italy from 2015 to 2019, with projections up until 2025. Italy National Government Debt reached 3,142.2 USD bn in Dec 2020, compared with 3,090.9 USD bn in the previous month. ... (ISTAT) revealed that the national debt in 2020 totalled 2.57 trillion euros ($3 trillion), Xinhua news agency reported. Italy- Total debt: $ 2,285,740,000,000. Italy's Prime Minister Mario Draghi (Photo: Reuters) Rome : Data issued on Tuesday by the country's National Statistics Institute (ISTAT) revealed that the national debt in 2020 totalled 2.57 trillion euros ($3 trillion), Xinhua news agency reported. Tourism will not recover for much of 2020, ... Government debt is high, its banking system is weak and it is a strategically important economy, the eurozoneâs third biggest. The interest on the national debt is how much the federal government pays on outstanding public debt. Italy warning: Exploding national debt could lead to unmanageable situation, says expert ITALY'S mounting debt piles could soon tip over ⦠Reference period: Years 2020-2021 | Date of Issue: 03 December 2020. ... (October 12, 2020). Italy National Government Debt data is updated monthly, available from Jan 1957 to Dec 2020. Alessandra Migliaccio, May 18, 2020, 4:52 AM EDT Italyâs 2.3 trillion euro national debt dwarfs that of Greece and the euro zone bailout fund would not be able to cope with the costs of supporting its government in a crisis. Coronavirus could cause more countries to default on their debt, economist says Published Wed, Apr 15 2020 3:16 AM EDT Updated Wed, Apr 15 2020 4:18 AM EDT Yen Nee Lee @YenNee_Lee Italy is breaking the EU rule that states countries with a debt-to-GDP ratio above 60% must reduce it by a 20th every year for three years, and it risks being placed in Excessive Deficit Procedure. Acco The country of Italy currently has the ranking of third largest for GDP within the Eurozone as well as being number eight within the world. With a population of 126.85 million, Japan now has the highest national debt per person. In his letter to the Commission, Mr Tria was upbeat about the country's growth prospects, predicting that Italy's debt would fall over the next three years to reach 126% of GDP in 2021. Italy is mired in record debt amid a 2020 coronavirus pandemic, shows data from the National Institute of Statistics (Istat). Italyâs Huge Debt Load Is at Risk of Becoming Unmanageable By . By comparison, in 2019 the figure was at 134.6 per cent of GDP. In total, eight member statesâ debt exceeds averages for both the Eurozone â the 19 states using the euro â and the EUâs 28 member countries. That in turn will cause the countryâs public debt to skyrocket to an unsustainable 160 percent of GDP by the end of 2020. The Italian economy is advanced with a rating of the sixth largest with regards to national wealth. Household debt, % of net disposable income, 2019 General government debt, % of GDP, 2019 ... Dec-2020 Italy (red) Net pension replacement rates Indicator: 91.8 Men ... Italy (red) National population distribution Indicator: 52.7 Urban regions Percentage 2014 Italy Percentage: Urban regions Italy is the EUâs second most debt-ridden state with a ratio of 132% of GDP, followed by Portugal and then Cyprus. Date of Issue: 07 May 2020. Date of Issue: 05 May 2020. more infographics archive publication. Other countries with high national debt per citizen include the US ($70180), Belgium ($50462), the United Kingdom ($49,211) and Italy ($47,147) closes the top ⦠A combination of recessions, defense budget growth, and tax cuts has raised the national debt-to-GDP ratio to record levels. My Profile Italyâs National Debt Reached 155.6% Of GDP In 2020 . Typology: Press release; Themes: Industry and construction; National accounts; Prices; Italyâs Economic Outlook GDP is expected to decrease by 8.9% in 2020 and to increase by +4.0% in 2021. Social Protection in Italy and Europe The expenditure on social protection in Italy and Europe. The data reached an all-time high of 154.2 % in Sep 2020 and a record low of 103.9 % in Dec 2007. National debt in the EU member states National or government debt is the debt ⦠How it's calculated, causes, 2008-2027, impact. Data issued on Tuesday by the country's National Statistics Institute (ISTAT) revealed that the national debt in 2020 totalled 2.57 trillion euros ($3 trillion), Xinhua news agency reported. The data reached an all-time high of 3,142.2 USD bn in Dec 2020 and a record low of 10.0 USD bn in Feb 1957. Learn more about different ways to measure our national debt. 8. Back to sustainability: Before the start of the crisis, Italian net debt was equal to ⦠Italy The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Reference period: Q4 2020, Q1 and Q2 2021 | Date of Issue: 22 December 2020. Composition of Italy Public Debt 75% of Italyâs public debt is constituted by long term bonds (i.e., maturity greater than one year). The countryâs public debt rose to 155.6 percent of GDP (2.569 trillion euros) at the end of the crisis year. The $28 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts. May 18, 2020, 4:52 AM EDT 1:36. Still, despite the big increase in the ratio, it is on the low end of the estimates from economists nearly a year ago, when predictions were that the national debt would swell to 155 per cent to 159 per cent of the GDP. Italy government debt to GDP ratio data is updated quarterly, available from Dec 1995 to Sep 2020. News Desk - News Desk Last Updated Time: 2021-03-03 14:41:05 IST. The U.S. national debt hit a new high of $27 trillion in October 2020. Italy Government debt accounted for 154.2 % of the country's Nominal GDP in Sep 2020, compared with the ratio of 149.3 % in the previous quarter. Expert: " Expert: "Conservatively it would seem that Italyâs economy is likely to decline by at least 5 percent in 2020. In the first quarter of 2020, Greece's national debt amounted to about 329.3 billion euros. Italy's national debt reached 155.6% of GDP in 2020. Data gathered and calculated by the CEOWORLD magazine shows that each Japanese national owes $89,525 of the $11.35 trillion national debt. Brussels has warned France and Italy that they are running stubbornly high levels of public debt, meaning their future budgets risk breaching EU rules and alarming investors. Italyâs debt is expected to rise to 158% of GDP this year, while Franceâs debt to GDP ratio is expected to hit 115% from just under 100% last year. The highest-ever debt ratio in Italy was registered in 2015, at 135.3 per cent of the GDP, according to ISTAT data. Annual report 2020 A summary of the Annual Report 2020 on the state of Italy is now available in English.