Net issuance of government debt securities i
27 countries with data for Q1 2026 · Frequency: Quarterly · Unit: % of GDP · Basic
Source: Eurostat (nasq_10_f_tr), retrieved 2026-10-17 · View on Eurostat · See technical sheet
EU27—
Euro area7.1%
Spain10.8% 5 of 27
Simple average5.5%
Highest · 
Hungary16.3%
Hungary16.3%Lowest · 
Greece-2.0%
Greece-2.0%Trend
Add or remove countries from the legend. Eurostat data, not seasonally adjusted unless stated.
Country ranking
| # | Country | Value | Year-on-year change | EU27 rank |
|---|---|---|---|---|
| · |  Euro area (21) | 7.1% | +1.5 pp | — |
| 1 | Hungary | 16.3% | +7.8 pp | 1/27 |
| 2 |  France | 13.1% | +3.6 pp | 2/27 |
| 3 |  Lithuania | 12.8% | -0.4 pp | 3/27 |
| 4 |  Luxembourg | 11.3% | +11.8 pp | 4/27 |
| 5 |  Spain | 10.8% | -1.3 pp | 5/27 |
| 6 |  Portugal | 10.6% | +3.1 pp | 6/27 |
| 7 |  Poland | 10.4% | -2.7 pp | 7/27 |
| 8 |  Finland | 9.8% | +2.4 pp | 8/27 |
| 9 |  Austria | 9.5% | -3.6 pp | 9/27 |
| 10 |  Belgium | 8.0% | -2.3 pp | 10/27 |
| 11 |  Croatia | 7.9% | +2.9 pp | 11/27 |
| 12 |  Slovakia | 7.2% | -7.4 pp | 12/27 |
| 13 |  Romania | 6.6% | -1.2 pp | 13/27 |
| 14 |  Italy | 6.0% | -1.2 pp | 14/27 |
| 15 |  Germany | 4.9% | +3.8 pp | 15/27 |
| 16 |  Estonia | 4.2% | +1.1 pp | 16/27 |
| 17 |  Czechia | 3.0% | +2.2 pp | 17/27 |
| 18 |  Latvia | 1.1% | +4.2 pp | 18/27 |
| 19 |  Denmark | 0.8% | +0.2 pp | 19/27 |
| 20 |  Bulgaria | 0.2% | 0.0 pp | 20/27 |
| 21 |  Cyprus | 0.1% | 0.0 pp | 21/27 |
| 22 |  Slovenia | -0.5% | -6.3 pp | 22/27 |
| 23 |  Malta | -0.7% | -5.6 pp | 23/27 |
| 24 |  Netherlands | -0.8% | +0.6 pp | 24/27 |
| 25 |  Ireland | -1.3% | +2.3 pp | 25/27 |
| 26 |  Sweden | -1.9% | -1.4 pp | 26/27 |
| 27 | Greece | -2.0% | -6.1 pp | 27/27 |
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About this indicator
- Which European country has the highest net issuance of government debt securities?
- Hungary, with 16.3% in Q1 2026.
- Where does Spain rank?
- Spain: 10.8% in Q1 2026, rank 5 of 27 countries.
- What does net issuance of government debt securities measure?
- Net issuance of government debt securities, in % of GDP. Descriptive indicator: a higher or lower value is not better in itself; the ranking orders from highest to lowest.
- Where does the net issuance of government debt securities data come from?
- Eurostat, dataset nasq_10_f_tr («Financial transactions - quarterly data»). RAC-EU downloads it from Eurostat's official API and checks it every day.
- How often is net issuance of government debt securities updated?
- Quarterly. The latest period published is Q1 2026; RAC-EU adds new data and revisions on the day Eurostat publishes them.
The full series since Q4 1998, the chart and the analysis are in the Basic plan. See plans · Full methodology sheet →