Greek debt to GDP calculator

Greek government assumptions in orange can be changed

Assumptions
Primary balance (% of GDP)***
Real GDP growth (%)
Inflation
Nominal GDP growth
Interest rate (%)*

2009
-7.7

0.4
5.1

2010
-3.5
-0.3
2.0
1.7
4.7

2011
-0.2
1.5
2.0
3.5
4.7

2012
2.6
1.9
1.9
3.8
4.6

2013
3.2
2.5
1.9
4.4
4.6

122

120

118

Results of change
% point debt ratio change
Gross debt ratio for given
growth and interest rates

113.4

7.0

0.2

-2.9

-4.3

116

120.4

120.6

117.7

113.4

114

112

Greek government estimates

110

Gross Debt/GDP ratio as

announced by Greece

Implicit sale(-) / purchase(+) of

assets**

113.4

120.4

120.6

117.7

113.4
108

2009

0.9

-1.1

-1.0

2010

-1.3

*Effective debt service interest rate

**Estimated proceeds from Greek asset sales/privatisations
***Government net borrowing or net lending excluding interest payments on consolidated government liabilities.

Greek base assumptions

2009
Row 18

122

Primary balance (%)

Real GDP growth (%)
Inflation
Nominal GDP growth
Interest rate (%)*

Row 15

120

-7.7

0.4
5.1

118

116

% point debt ratio change

114

Gross debt ratio for given

growth and interest rates

112

110

108

2009

2010

d government liabilities.

2011

2012

2013

Gross Debt/GDP ratio as

announced by Greece

Implicit sale(-) /
purchase(+) of assets

113.4

2010

2011

2012

2013

-3.5
-0.3
2.0
1.7
4.7

-0.2
1.5
2.0
3.5
4.7

2.6
1.9
1.9
3.8
4.6

3.2
2.5
1.9
4.4
4.6

7.0

0.2

-2.9

-4.3

120.4

120.6

117.7

113.4

120.4

120.6

117.7

113.4

0.9

-1.1

-1.0

-1.3