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Italy's Central Government Debt (% of GDP), 1990-2022

Italy's Central Government Debt (% of GDP), 1990-2022

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TGM StatBox. (2024). Italy's Central Government Debt (% of GDP), 1990-2022. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2022
Country: Italy
Published date: 2024
Note: The Central Government Debt (Percent of GDP) by the International Monetary Fund (IMF) refers to the total debt owed by a country's central government as a percentage of its Gross Domestic Product (GDP).
Key Takeaways
Italy’s debt levels remained persistently high, starting at 93.98% of GDP in 1990 and peaking at 150.49% in 2020. The increase was driven by structural fiscal imbalances and slow economic growth. The Eurozone crisis further exacerbated the debt burden in the early 2010s.

Despite challenges, fiscal consolidation efforts and economic reforms have led to gradual declines, with debt falling to 140.57% by 2022, signaling modest progress in debt sustainability.

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