The Bank of Spain published quarterly statistics on Spain’s general government debt under the Excessive Deficit Procedure (EDP) methodology, showing the debt ratio at 100.7% of GDP in the fourth quarter of 2025, down 1 percentage point from a year earlier and the lowest level since 2020. In nominal terms, total debt reached EUR 1,698bn, with year-on-year growth accelerating to 4.8%. By subsector, central government debt stood at EUR 1,563bn (92.6% of GDP), autonomous communities at EUR 342bn (20.2%), and local governments at EUR 21bn (1.2%), while social security debt rose to EUR 136bn (8.1%). Consolidation within general government increased to EUR 363bn (21.5% of GDP). In terms of instruments, long-term securities grew 5.1% year-on-year and loans over one year increased 7.2%, while short-term instruments fell 3.5%; 94.8% of the stock was in long-term liabilities. The Bank of Spain indicated it will publish the February 2026 monthly EDP debt advance on 22 April 2026 and first-quarter 2026 quarterly EDP debt data on 16 June 2026.
Bank of Spain 2026-03-31
Bank of Spain reports Spain’s general government debt fell to 100.7% of GDP at end-2025 under the Excessive Deficit Procedure methodology
The Bank of Spain reported that Spain’s general government debt under the Excessive Deficit Procedure methodology stood at 100.7% of gross domestic product in the fourth quarter of 2025, down 1 percentage point year-on-year and the lowest level since 2020, with nominal debt at EUR 1,698bn. Central government accounted for EUR 1,563bn (92.6% of gross domestic product), autonomous communities EUR 342bn (20.2%), local governments EUR 21bn (1.2%) and social security EUR 136bn (8.1%), with 94.8% of the stock in long-term debt.