The public debt per inhabitant in Spain amounted to 23,332.44 USD in 2015, representing an increase of 4.8% compared to a year earlier, according to GFI data collected by Good Finance, which indicates that the total public debt It reached 1,082 billion USD, 98.6% of GDP.
Public debt has grown 5% in the interannual rate
In this way, in the last year the public debt has grown 5% in the interannual rate, while in percentage on the GDP moderated its growth and increased by 1% compared to 2014. If the period between 2008 and 2015 is analyzed, public debt has increased 145% and the rate with respect to GDP has increased from 39.4% to 98.6%.
According to Good Finance forecasts, in 2020 the percentage of public debt over GDP will drop to 94.21%, a decrease of 4.4% in the next five years.
Highest percentage of public debt
During the past year, the five autonomous communities with the highest percentage of public debt with respect to their GDP were Comunidad Valenciana (41%), Castilla-La Mancha (35%), Catalonia (35%), Baleares (30%) and Murcia ( 27%). On the other hand, the least indebted were Madrid (13%), Basque Country (14%), Canary Islands (15%), La Rioja (17%) and Asturias (18%).
In the last year, no autonomous community has reduced its public debt rate with respect to GDP and those that borrowed the most in 2015 were Extremadura, with an increase of 11.4%, followed by Aragón (10.9%), Castilla y León (8.3%), Catalonia (7.95%) and Madrid (7.94%). On the contrary, Galicia (+ 0.54%), Navarra (+ 0.55%), Castilla-La Mancha (+ 0.57%), Basque Country (+ 2.13%) and Balearic Islands (+ 3% ) are the ones that most controlled your indebtedness.
THE DEBT OF THE Autonomous Communities, 24% OF THE TOTAL.
In terms of volume, the total public debt of the Autonomous Communities amounted to 261,268 million USD in 2015, representing 24% of the total public debt in Spain and a growth of 10.3% compared to the 2014 figure , when this debt accounted for 23% of the state total.
Catalonia, the Valencian Community, Andalusia and Madrid have the highest figures, with 72,274, 41,752, 31,365 and 27,645 million USD, respectively, 66% of the total public debt of the communities. Those with lower volumes of public debt were, on the contrary, La Rioja (1,435 million), Cantabria (2,690 million), Navarra (3,321 million), Extremadura (3,576 million) and Asturias (3,876 million).
The report prepared by Good Finance shows that the EU countries with the highest public debt rates relative to GDP are Greece (196%), Italy (133%), Portugal (127%), Belgium (106%), Cyprus (106%) and Ireland (100%). The countries with the lowest ratio are Estonia (10.7%), Luxembourg (22.7%), Bulgaria (28.6%), Latvia (37.7%) and Lithuania (38.7%).