OREANDA-NEWS. January 30, 2013. Estonia's government debt formed 9.6 percent of gross domestic product at the end of the third quarter of 2012, remaining the lowest ratio across the European Union, it appears from figures released by the EU's statistical office Eurostat.

Next came Bulgaria and Luxembourg with government debt to GDP ratios of 18.7 percent and 20.9 percent, respectively.

According to Eurostat's data Estonia's government debt stood at 1.6 billion euros.

The total debt of euro zone countries grew by more than 15 billion euros in the third quarter, to 8.5 trillion euros, making up 90 percent of those countries' GDP.