Germany's National Debt Exceeds 2 Trillion Euros
Bundesbank Reports Highest Debt in German History
According to the Deutsche Bundesbank, Germany's national debt amounted to over 2 trillion euros at the end of 2020. This places Germany at the top of the list of indebted nations.
Breakdown of Debt
The Bundesbank categorizes Germany's national debt into several subcategories:
- Credits
- Federal budget
- Special funds
- Loan financing
A comprehensive breakdown of the debt can be found on the Bundesbank's website, including both a donut chart and a table.
Methodology
The Bundesbank calculates the debt stock, while the Federal Statistical Office calculates the balance.
The year 2020 marked the onset of the COVID-19 pandemic, which significantly impacted Germany's economy and contributed to the rise in national debt.
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