Italy's gross debt at 156% of GDP in 2014, says OECD

(ANSA) - Paris, July 6 - Italy's 2014 gross debt levels rose to 156% of gross domestic product (GDP) or about $55,538 per Italian, the OECD said Monday. In a new report on government, the agency said that the debt-to-GDP ratio rose from just under 143% in 2013, and 110.6% in 2007. The figure is the third highest within the OECD area, after Japan and Greece, said the OECD. In per capita terms, Italy was in fourth place among industrialized countries with 2014 levels higher than the $49,798 per Italian in 2013.