Finance
Spain’s public debt-to-GDP ratio at end-September down to 104.4%
Global Banking & Finance Review®
Company
(Reuters) – Spain’s public debt-to-GDP ratio fell to 104.4% at the end of September, the Bank of Spain said on Monday.
(Reuters) – Spain’s public debt-to-GDP ratio fell to 104.4% at the end of September, the Bank of Spain said on Monday.
The debt-to-GDP ratio at the end of September was lower than the 108.2% registered in June and also lower than the 109.9% in September 2023, the central bank said.
(Reporting by Tiago Brandao, editing by Inti Landauro)
Gross Domestic Product (GDP) is the total monetary value of all goods and services produced within a country's borders in a specific time period, often used to gauge economic performance.
The debt-to-GDP ratio is a measure of a country's public debt in relation to its Gross Domestic Product. It indicates the country's ability to pay back its debt.
Economic growth refers to an increase in the production of goods and services in an economy over a specific period, typically measured by GDP growth.
Explore more articles in the Finance category
