Thursday, November 17, 2016

Spanish public debt reaches 100% of Gross Domestic Product – The Universal (Venezuela)

Madrid.- The Spanish public debt stood at 100% of the Gross Domestic Product (GDP) in September, after going up that month’s 0.26 % and achieve the 1.104.936 million euros (1.185.612 million dollars), according to published today by the Bank of Spain.

The figure corresponds approximately to the set of goods and services produced during a year in the country, reported Efe.

The public debt increased 2.822 million (3.027 million dollars) in a month and a 37.326 million euros (40,000 million dollars) in a year (3.5 per cent), according to the source, so you will have to get off of here at the end of the year to meet the forecast of the Government the close of 2016 in 99.8 per cent of the Gross Domestic Product (GDP).

Although the authority does not include the data, if one calculates the GDP from the data published by the National Institute of Statistics (INE), until the second quarter and added 0.7% who grew up in the third quarter, it would mean that the debt is equivalent to the 100,14 % of GDP.

The Spanish public debt has passed to assume a 36.3 % of GDP in 2007 to close to 100 % currently.

The first time I overcame this psychological barrier was in the first quarter of 2015, when he came to 100,2 % of the GDP.

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