Euro Area recorded a Government Budget deficit equal to 7.20 percent of the country's Gross Domestic Product in 2020. source: EUROSTAT

Government Budget in the Euro Area averaged -2.93 percent of GDP from 1995 until 2020, reaching an all time high of -0.50 percent of GDP in 2018 and a record low of -7.30 percent of GDP in 1995. This page provides - Euro Area Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Government Budget - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Government Budget in Euro Area is expected to reach -7.10 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Government Budget is projected to trend around -4.00 percent of GDP in 2022 and -2.40 percent of GDP in 2023, according to our econometric models.

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Euro Area Government Budget

Calendar GMT Actual Previous Consensus TEForecast
2020-04-22 09:00 AM 2019 -0.6% -0.5% -0.8%
2021-04-22 09:00 AM 2020 -7.2% -0.6% -8.6%

Related Last Previous Unit Reference
Government Debt to GDP 98.00 83.90 percent of GDP Dec/20
Government Budget -7.20 -0.60 percent of GDP Dec/20
Government Spending 607.33 599.91 EUR Billion Jun/21
Government Spending to GDP 54.10 47.00 percent of GDP Dec/20
Government Debt 11107741.00 10027455.00 EUR Million Dec/20
Euro Area Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.