At the end of 2019, corporate debt amounted to 68 per cent of GDP, compared with 108 per cent in the euro area and more than 150 per cent in France and the Netherlands.
In the private sector as a BANCA D’ITALIA  The Governor’s Concluding Remarks Annual Report 2019  11  whole, debt was equal to 110 per cent of GDP, more than 50 points lower than the euro-area average (Figure 8).