household debts in Germany

Gross debt in Germany

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Germany in the period from 1998 to 2020 was between 1.13 trillion and 2.98 trillion USD. The hightest level within the past 22 years was reached in 2011. However, the liabilities in 2020 have been only 2.6 trillion USD The budget deficit in the same year was 165.9 billion USD.

Based on the number of inhabitants, this is a debt of 31,787 USD per person. For comparison, the average debt per person in the same year in the European Union was 30,783 USD.

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Gross debt of the last 22 years in billion USD

YearGermany totalGermany per capitaEU per capita
19981,317.63 bn USD16,059 USD14,079 USD
19991,305.89 bn USD15,906 USD14,032 USD
20001,155.91 bn USD14,060 USD11,232 USD
20011,132.28 bn USD13,750 USD11,255 USD
20021,246.00 bn USD15,105 USD12,258 USD
20031,589.56 bn USD19,259 USD15,286 USD
20041,834.98 bn USD22,238 USD17,595 USD
20051,922.97 bn USD23,317 USD18,327 USD
20062,003.07 bn USD24,316 USD18,877 USD
20072,197.83 bn USD26,716 USD20,898 USD
20082,460.03 bn USD29,960 USD24,086 USD
20092,495.59 bn USD30,470 USD25,361 USD
20102,787.51 bn USD34,087 USD26,496 USD
20112,977.70 bn USD37,094 USD29,231 USD
20122,848.02 bn USD35,412 USD28,174 USD
20132,924.38 bn USD36,262 USD29,981 USD
20142,927.65 bn USD36,152 USD30,648 USD
20152,416.60 bn USD29,584 USD25,918 USD
20162,393.84 bn USD29,070 USD26,261 USD
20172,386.46 bn USD28,872 USD27,024 USD
20182,437.04 bn USD29,395 USD28,448 USD
20192,291.25 bn USD27,575 USD27,168 USD
20202,643.43 bn USD31,787 USD30,783 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Germany       European Union

Budget deficit in Germany

household debts in GermanyThe 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 insurance, 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. If it is less, it is called a deficit.

The budget balance in Germany in the period between 1998 and 2020 varied between -165.90 billion euros and +76.10 billion euros. In 2020, Germany reached a balance of -166 billion euros.

In ratio to population, this equals a new indebtedness of 1,995 euros per capita in Germany in 2020. For comparison, the average debt per capita in the European Union in the same year was 2,312 euros.

Budget deficit and surplus in the last 22 years

YearGermany totalGermany per capitaEU per capita
1998-47.16 bn USD-575 USD-398 USD
1999-31.23 bn USD-380 USD-204 USD
200021.50 bn USD262 USD112 USD
2001-57.90 bn USD-703 USD-299 USD
2002-77.55 bn USD-940 USD-565 USD
2003-100.85 bn USD-1,222 USD-840 USD
2004-105.66 bn USD-1,280 USD-920 USD
2005-97.81 bn USD-1,186 USD-822 USD
2006-51.73 bn USD-628 USD-568 USD
20076.45 bn USD78 USD-360 USD
2008-4.36 bn USD-53 USD-1,085 USD
2009-107.47 bn USD-1,312 USD-2,021 USD
2010-148.86 bn USD-1,820 USD-1,970 USD
2011-33.05 bn USD-412 USD-1,462 USD
20120.33 bn USD4 USD-1,220 USD
20131.49 bn USD19 USD-1,027 USD
201422.54 bn USD278 USD-852 USD
201532.25 bn USD395 USD-577 USD
201640.26 bn USD489 USD-423 USD
201749.31 bn USD597 USD-263 USD
201876.10 bn USD918 USD-139 USD
201957.21 bn USD688 USD-197 USD
2020-165.90 bn USD-1,995 USD-2,312 USD

(negative numbers = deficit)
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