17:31 21 July 2025
Parts of Europe under heavy debt while Poland experiences growth
At the end of Q1 2025, Poland’s public debt reached 57.4% of GDP, marking the fastest annual increase in the EU—up 6.1 percentage points compared to Q1 2024. Debt rose by PLN 111.2 billion q/q and by over PLN 351 billion y/y. Though still below the EU average (81.8%) and eurozone average (88%), the growth rate is concerning. The highest debt levels were in Greece (152.5%), Italy (137.9%), and France (114.1%), while the lowest were in Bulgaria and Estonia (around 24%).
Poland also recorded a high budget deficit of 5.1% of GDP, among the five worst in the EU. The EU average deficit stood at 2.9% in both the eurozone and the entire bloc.
