News: Estonia's debt burden - the lowest in the Eurozone

Estonia continues to be a country with the lowest state debt in the euro area. In the first quarter of 2012 Estonia's state debt has grown, just like the euro area average, but despite this fact it is still the lowest state debt comparing with other Eurozone countries.

The average Eurozone debt burden was 88.2% of GDP in the first quarter, the highest since the adoption of euro. At the same time, Estonia's state debt constituted only 6.6% of the GDP, which shows an increase of 0.1 percentage points as compared to the first quarter of 2011 and 0.6 percentage points as compared to the fourth quarter of 2011.