Gross debt in Austria
The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. On the other hand not included in the gross debt are the demands of a country to foreign ones.The gross debt in Austria in the period from 1998 to 2016 was between 123.6 billion and 295.7 billion Euro. The highest level of the last years at 295.72 billion Euro was reached in 2016.
Based on the number of inhabitants, this is in Austria a debt of 33,868 Euro per person. For comparison: The average debt per person in the same year in the European Union was 24,160 Euro.
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Gross debt of the past 18 years in billion Euro
| Jahr | Austria total | European Union total | Austria per capita | European Union per capita |
|---|---|---|---|---|
| 1998 | 123.61 bn € | 542.28 bn € | 14,157 € | 10,605 € |
| 1999 | 133.03 bn € | 564.55 bn € | 15,236 € | 11,040 € |
| 2000 | 137.99 bn € | 569.72 bn € | 15,804 € | 11,141 € |
| 2001 | 143.11 bn € | 585.17 bn € | 16,391 € | 11,443 € |
| 2002 | 146.02 bn € | 601.06 bn € | 16,723 € | 11,754 € |
| 2003 | 146.86 bn € | 626.46 bn € | 16,820 € | 12,251 € |
| 2004 | 156.50 bn € | 673.97 bn € | 17,924 € | 13,180 € |
| 2005 | 173.58 bn € | 711.45 bn € | 19,880 € | 13,913 € |
| 2006 | 179.44 bn € | 735.37 bn € | 20,551 € | 14,381 € |
| 2007 | 183.85 bn € | 745.65 bn € | 21,056 € | 14,582 € |
| 2008 | 200.98 bn € | 791.13 bn € | 23,018 € | 15,471 € |
| 2009 | 229.22 bn € | 893.39 bn € | 26,253 € | 17,471 € |
| 2010 | 243.87 bn € | 1,002.08 bn € | 27,930 € | 19,596 € |
| 2011 | 254.86 bn € | 1,067.22 bn € | 29,188 € | 20,870 € |
| 2012 | 260.11 bn € | 1,124.02 bn € | 29,790 € | 21,981 € |
| 2013 | 262.32 bn € | 1,158.25 bn € | 30,043 € | 22,650 € |
| 2014 | 278.97 bn € | 1,210.59 bn € | 31,950 € | 23,674 € |
| 2015 | 290.47 bn € | 1,246.05 bn € | 33,267 € | 24,367 € |
| 2016 | 295.72 bn € | 1,235.46 bn € | 33,868 € | 24,160 € |
Comparison of the gross debt per capita with the European Union in Euro
Budget deficit in Austria
The budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurances, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money, than at at the beginning, it is a surplus - it is less, it is called deficit.The budget deficit in Austria in the period between 1998 and 2016 was from 104.90 million Euro to 15.43 billion Euro. In 2016 was reached a balance of -5.43 billion Euro.
In ratio to population, this equals a new indebtedness of 622 Euro pro capita in Austria only in 2016. For comparison, the average debt per capita in the European Union was in the same year at 490 Euro.
Budget deficit of the past 18 years
| Jahr | Austria total | European Union total | Austria per capita | European Union per capita |
|---|---|---|---|---|
| 1998 | -4,457.50 M € | -153,235.20 M € | -511 € | -300 € |
| 1999 | -4,487.00 M € | -82,111.40 M € | -514 € | -161 € |
| 2000 | -3,499.20 M € | 52,063.70 M € | -401 € | 102 € |
| 2001 | -104.90 M € | -143,516.40 M € | -12 € | -281 € |
| 2002 | -1,564.60 M € | -257,294.80 M € | -179 € | -503 € |
| 2003 | -3,390.10 M € | -321,165.40 M € | -388 € | -628 € |
| 2004 | -11,534.50 M € | -320,906.80 M € | -1,321 € | -628 € |
| 2005 | -6,455.40 M € | -287,691.80 M € | -739 € | -563 € |
| 2006 | -6,865.50 M € | -196,784.20 M € | -786 € | -385 € |
| 2007 | -3,925.60 M € | -112,224.80 M € | -450 € | -219 € |
| 2008 | -4,469.30 M € | -323,256.60 M € | -512 € | -632 € |
| 2009 | -15,426.80 M € | -810,851.00 M € | -1,767 € | -1,586 € |
| 2010 | -13,177.50 M € | -817,350.50 M € | -1,509 € | -1,598 € |
| 2011 | -7,992.40 M € | -597,069.30 M € | -915 € | -1,168 € |
| 2012 | -7,046.20 M € | -569,452.30 M € | -807 € | -1,114 € |
| 2013 | -4,409.30 M € | -445,147.00 M € | -505 € | -871 € |
| 2014 | -9,049.00 M € | -416,108.70 M € | -1,036 € | -814 € |
| 2015 | -3,663.30 M € | -347,783.80 M € | -420 € | -680 € |
| 2016 | -5,430.00 M € | -250,774.60 M € | -622 € | -490 € |
(negative numbers = deficit)