Euro Area recorded a Government Budget deficit equal to 3.10 percent of the country's Gross Domestic Product in 2024. Government Budget in Euro Area averaged -3.06 percent of GDP from 1995 until 2024, reaching an all time high of -0.40 percent of GDP in 2018 and a record low of -7.30 percent of GDP in 1995. source: EUROSTAT

Government Budget in Euro Area is expected to reach -3.20 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Government Budget is projected to trend around -3.30 percent of GDP in 2026 and -3.40 percent of GDP in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-04-22 09:00 AM
Government Budget to GDP
2023 -3.6% -3.7% -3.2%
2025-04-22 09:00 AM
Government Budget to GDP
2024 -3.1% -3.5% -3.2%
2026-04-22 09:00 AM
Government Budget to GDP
2025 -3.1%


Related Last Previous Unit Reference
Government Budget to GDP -3.10 -3.50 percent of GDP Dec 2024
Government Debt 13258118.00 12753756.00 EUR Million Dec 2024
Government Debt to GDP 87.10 87.00 percent of GDP Dec 2024
Government Spending 668.07 663.33 EUR Billion Sep 2025
Government Spending to GDP 49.50 49.40 percent of GDP Dec 2024


Euro Area Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-3.10 -3.50 -0.40 -7.30 1995 - 2024 percent of GDP Yearly