32% and 98.6% of GDP

These are the debt figures of the Irish economy. With the extra cash given to the struggling Anglo Irish Bank, 32% of GDP represents this year’s budget deficit and 98.6% of GDP is the overall public debt. Analysts suggest that Ireland’s gross debt may exceed 115% of GDP before it stabilises. However this depends on a robust recovery which cannot be guaranteed. See graph below from The Economist.

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