File:Eurozone Countries Public Debt to GDP Ratio 2010 vs. 2011.png

From Wikipedia the free encyclopedia

Original file ‎(960 × 720 pixels, file size: 5 KB, MIME type: image/png)

Summary

Description
English: This chart compares the debt to gdp ratio (%) for selected Eurozone countries in 2010 and 2011

Understanding the chart

Note: This chart was updated with 2012 data on May 13, 2013.

Understanding the chart

The "Public debt to GDP ratio" is calculated as public debt divided by GDP. These figures are provided by Eurostat for each country. Public debt is money owed to investors by the government. It does not include private debts owed by individuals or corporations. An increase in the debt to GDP ratio indicates the country is carrying more debt relative to the size of its economy, which is considered an unfavorable trend. All of the countries presented consistently increased their debt to GDP ratio during the 2008-2012 period, except Germany, which was able to hold its ratio relatively constant since 2010. Note: The UK does not use the Euro as its currency. It is included for comparison. The EA17 refers to the seventeen countries that use the Euro as their currency.

Source data

Eurostat published this information with comparative data by country from 2008-2012.[1][2][3]

Implications of rising debt to GDP ratios

In nearly every country except Germany, the debt to GDP ratio has risen since 2008,indicating a worsening overall fiscal position.

Understanding the math

While not shown in this chart, many of the Eurozone countries reduced their budget deficits from 2010 to 2011. So why the increase in the debt to GDP ratio? If during a given year, the: a) ratio of the Euro deficit to Euro change in GDP is less than the b) ratio of debt to GDP in the starting year, the debt to GDP ratio will decline. Stated as an expression, if (Deficit / Change in GDP) < (Public debt / GDP in initial year), the ratio will decline, which is considered an improvement in the fiscal position. Using an example, let's say a country's debt to GDP ratio in year 1 is 110% = 110 Debt / 100 GDP. Then, debt rises by 8 but GDP rises by 10 from year 1 to year 2, a ratio of 80%. The year 2 debt to GDP ratio is 118 / 110 = 107%, an improvement.

Using the same starting point, if debt increased by 12 but GDP rose by 10, a ratio of 120%, the new debt to GDP ratio is 122/110 or 111%.
Date
Source

Eurostat

Previously published: None
Author Farcaster
Other versions arabic
  1. ↑ Eurostat-Euro area and EU 27 government deficit and debt statistics-22 April 2013
  2. ↑ Eurostat News Release-Euro indicators-23 April 2012
  3. ↑ Eurostat-Selected Principal European Economic Indicators-Retrieved 15 August 2012


This graph image could be re-created using vector graphics as an SVG file. This has several advantages; see Commons:Media for cleanup for more information. If an SVG form of this image is available, please upload it and afterwards replace this template with {{vector version available|new image name}}.


It is recommended to name the SVG file “Eurozone Countries Public Debt to GDP Ratio 2010 vs. 2011.svg”—then the template Vector version available (or Vva) does not need the new image name parameter.

Licensing

© The copyright holder of this file, Eurostat, allows anyone to use it for any purpose, provided that the copyright holder is properly attributed. Redistribution, derivative work, commercial use, and all other use is permitted.
Attribution:
Eurostat (year)

This media file was created by Eurostat, the European Statistical Office and a Directorate-Generale of the EU Commission.

Under Eurostat's Copyright Notice and Free Re-Use of Data, they encourage free re-use of its data, both for non-commercial and commercial purposes. All statistical data, metadata, content of web pages or other dissemination tools, official publications and other documents published on its website, with the exceptions listed below, can be reused without any payment or written licence provided that:

  • the source is indicated as Eurostat;
  • when re-use involves modifications to the data or text, this must be stated clearly to the end user of the information.
The re-use policy of all EU Commission documents, as further explained by Eurostat, is regulated by Commission Decision 2011/833/EU (OJ L 330, 14.12.2011, p. 39).
Eurostat
Eurostat

}}}

Farcaster at English Wikipedia, the copyright holder of this work, hereby publishes it under the following licenses:
GNU head Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1.2 or any later version published by the Free Software Foundation; with no Invariant Sections, no Front-Cover Texts, and no Back-Cover Texts. A copy of the license is included in the section entitled GNU Free Documentation License.
w:en:Creative Commons
attribution share alike
This file is licensed under the Creative Commons Attribution-Share Alike 3.0 Unported license.
Attribution: Farcaster at English Wikipedia
You are free:
  • to share – to copy, distribute and transmit the work
  • to remix – to adapt the work
Under the following conditions:
  • attribution – You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
  • share alike – If you remix, transform, or build upon the material, you must distribute your contributions under the same or compatible license as the original.
You may select the license of your choice.

Original upload log

The original description page was here. All following user names refer to en.wikipedia.
Date/Time Dimensions User Comment
2013-05-13 05:59 960×720× (5361 bytes) Farcaster
2012-08-17 04:25 960×720× (4279 bytes) Farcaster
2012-08-07 04:54 960×720× (6429 bytes) Farcaster
2012-08-07 04:52 960×720× (6309 bytes) Farcaster Uploading a self-made file using [[Wikipedia:File_Upload_Wizard|File Upload Wizard]]

Captions

Add a one-line explanation of what this file represents

Items portrayed in this file

depicts

inception

6 August 2012

File history

Click on a date/time to view the file as it appeared at that time.

Date/TimeThumbnailDimensionsUserComment
current02:45, 31 March 2016Thumbnail for version as of 02:45, 31 March 2016960 × 720 (5 KB)OgreBot(BOT): Reverting to most recent version before archival
02:45, 31 March 2016Thumbnail for version as of 02:45, 31 March 2016960 × 720 (4 KB)OgreBot(BOT): Uploading old version of file from en.wikipedia; originally uploaded on 2012-08-17 04:25:07 by Farcaster
02:45, 31 March 2016Thumbnail for version as of 02:45, 31 March 2016960 × 720 (6 KB)OgreBot(BOT): Uploading old version of file from en.wikipedia; originally uploaded on 2012-08-07 04:54:13 by Farcaster
02:45, 31 March 2016Thumbnail for version as of 02:45, 31 March 2016960 × 720 (6 KB)OgreBot(BOT): Uploading old version of file from en.wikipedia; originally uploaded on 2012-08-07 04:52:54 by Farcaster
23:25, 29 March 2016Thumbnail for version as of 23:25, 29 March 2016960 × 720 (5 KB)FastilyCloneTransferred from enwp
The following pages on the English Wikipedia use this file (pages on other projects are not listed):

Global file usage

The following other wikis use this file:

Metadata

This file contains additional information, probably added from the digital camera or scanner used to create or digitize it.

If the file has been modified from its original state, some details may not fully reflect the modified file.

Retrieved from "https://en.wikipedia.org/wiki/File:Eurozone_Countries_Public_Debt_to_GDP_Ratio_2010_vs._2011.png"