Germany's Public Debt Soars Past €2.5 Trillion

Sharp Increase in 2023

Germany's public debt has surged by a staggering €774 billion in the past year, reaching a record high of €25 trillion as of the third quarter of 2023. This unprecedented surge, equivalent to an increase of 33%, is the largest annual rise since the country's reunification.

EU Harmonized Debt

According to the Federal Statistical Office (Destatis), the debt increase is based on the EU-harmonized definition, which includes liabilities such as government bonds, loans, and other financial instruments. Using this methodology, German debt has jumped by €62 billion since the end of 2022, standing at €262 trillion.