Table 9

Trend in National Debt and General Government Debt

National Debt General Government Debt (a)
Year €m % of GNP €m % of GDP
1980 10,026 87.0 - -
1981 12,945 93.2 - -
1982 14,817 92.9 - -
1983 18,274 104.8 - -
1984 21,358 112.8 - -
1985 23,493 115.6 - -
1986 27,440 122.2 - -
1987 30,085 125.0 - -
1988 31,250 122.7 - -
1989 31,525 111.9 - -
1990 31,849 99.0 34,194 94.2
1991 32,223 95.9 36,004 95.6
1992 33,450 94.1 37,041 92.5
1993 36,006 93.3 41,128 95.1
1994 37,111 88.8 41,673 89.6
1995 38,358 82.1 43,061 81.8
1996 37,980 73.7 42,554 73.3
1997 38,966 66.0 43,311 64.5
1998 37,509 55.0 41,690 53.8
1999 39,849 52.0 43,543 48.6
2000 36,511 41.4 39,499 38.4
2001 36,183 37.5 41,475 36.1
2002 36,361 35.2 41,914 32.4

 

(a) ESA 95 basis from 1990
The General Government Debt essentially includes the cumulative gross debt of the local government sector and the non-commercial state sponsored bodies as well as nearly all of the National Debt measured on a gross basis. It excludes Central Government liabilities to institutions classified within the General Government sector; these are included in the National Debt.
It should be noted that the National Debt is calculated net of domestic and foreign liquid assets whereas the General Government Debt is calculated on a gross basis. The debt of the commercial state bodies is excluded from both National Debt and General Government Debt.
The Finance Accounts for each year contains a detailed breakdown of the National Debt.