Germany's National Debt Reaches €2.69 Trillion in 2024 as Debt-to-GDP Ratio Declines

While Germany's debt-to-GDP ratio dropped to 62.5% for the third consecutive year, the country remains above the EU's Maastricht limit of 60%.

Germany's national debt increased by €57 billion in 2024, reaching €2.69 trillion, with the federal government contributing €36 billion to the rise.
The debt-to-GDP ratio declined for the third year in a row, falling by 0.4 percentage points to 62.5% in 2024.
Despite the improvement in debt-to-GDP ratio, Germany has exceeded the EU's Maastricht limit of 60% for the fifth consecutive year.
The 2024 budget deficit of €118.8 billion was partially offset by utilizing existing bank deposits and repayments of aid loans.
Germany's debt increase in 2024 was smaller compared to the previous year, reflecting efforts to manage fiscal pressures more effectively.