Greece will not only cease to be the most over-indebted country in Europe starting this year, but in 2027 it will also drop significantly on the global debt list, with the Greek debt index even lower than that of the US. This is the conclusion of the Organization for Economic Cooperation and Development’s forecasts for the fiscal course of countries internationally.
The organization’s forecasts for the Greek debt are more optimistic than those of the Greek government.
According to data from the OECD World Outlook report, the Greek debt ratio will fall to 135.8% of GDP this year, from 146.1% in 2025, and will be below that of Italy, which is estimated to rise to 138.8% of GDP from 137.1% a year earlier.
The OECD said Italy will this year take the lead in Europe in debt as a percentage of GDP.
This is also in line with Greek government estimates. Athens predicts that Greek debt will reach 136.8% of GDP this year, again lower than in Italy, and drop below 130% of GDP in 2027, below that of the US. The forecast for the Greek debt ratio next year is at 129.8% of GDP.
