German government debt at $3.2T in 2025

ISTANBUL

General government debt in Germany grew by €144 billion ($162.7 billion) in 2025 to €2.84 trillion ($3.2 trillion).

Central government debt, including its off-budget entities, increased by €107 billion.

State and local governments recorded increases of €19 billion and €25 billion, respectively.

The debt of the social security funds more than doubled during this period and the debt ratio rose by 1.3 percentage points to 63.5%.

The increase in nominal GDP reduced the debt ratio by two percentage points while debt growth increased the debt ratio by 3.3 percentage points in arithmetical terms.

The increase in debt exceeded the general government deficit of €119 billion published by the Federal Statistical Office.

The EUR/USD exchange rate was at 1.13 on average last year.

ISTANBUL

General government debt in Germany grew by €144 billion ($162.7 billion) in 2025 to €2.84 trillion ($3.2 trillion).

Central government debt, including its off-budget entities, increased by €107 billion.

State and local governments recorded increases of €19 billion and €25 billion, respectively.

The debt of the social security funds more than doubled during this period and the debt ratio rose by 1.3 percentage points to 63.5%.

The increase in nominal GDP reduced the debt ratio by two percentage points while debt growth increased the debt ratio by 3.3 percentage points in arithmetical terms.

The increase in debt exceeded the general government deficit of €119 billion published by the Federal Statistical Office.

The EUR/USD exchange rate was at 1.13 on average last year.