PIIGS economies compared

Portugal, Ireland, Italy Greece and Spain occupy the Euro doghouse.

Business Agenda in the Irish Times summarised the big figures on Friday 30th April:

Gross Debt as % of GDP

Greece 123.2%

Ireland 76.9%

Spain 63.9%

Portugal 84%

The old economic and monetary union target is 60%

Cost of insuring government debt per €10,000

Greece €750

Ireland €218

Spain €189

Portugal €320

Interest on debt as % of GDP

Greece 5.5%

Ireland 2.8%

Spain 2.2%

Portugal 3.2%

Balance of Payments as % of GDP

Greece 9.7%

Ireland +0.4%

Spain -5.3%

Portugal -9%

Structural Budget Deficit

Greece -8.9%

Ireland -7.9%

Spain -7.3%

Portugal -7.1%

Average Potential Growth Rate

Greece 2.6%

Ireland 3.1%

Spain 2.4%

Portugal 2.0%