Euro Area Government Budget  1995-2018 | Data | Chart | Calendar

The government deficit to GDP ratio in the Euro Area fell to 0.9 percent in 2017 from 1.5 percent in 2016, the first 2018 notification by EU Member States for the application of the excessive deficit procedure (EDP) showed. It was the lowest government budget deficit ratio since 2007. Among Eurozone's largest economies, Germany recorded a surplus of 1.3 percent of GDP, while government deficits were seen for Spain (3.1 percent of GDP), France (2.6 percent) and Italy (2.3 percent). The government debt to GDP ratio also declined to 86.7 percent at the end of 2017 from 89 percent in the previous year. Considering the European Union as a whole, the government deficit to GDP dropped to 1 percent (vs 1.6 percent in 2016) and the government debt to 81.6 percent (vs 83.3 percent in 2016). Government Budget in the Euro Area averaged -2.92 percent of GDP from 1995 until 2017, reaching an all time high of -0.50 percent of GDP in 2000 and a record low of -7.30 percent of GDP in 1995.

Euro Area Government Budget
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Calendar GMT Actual Previous Consensus TEForecast
2013-04-22 10:00 AM General government budget -3.7% -4.2% -3.5%
2018-04-23 09:00 AM Government Budget to GDP -0.9% -1.5%


Euro Area Government Last Previous Highest Lowest Unit
Government Debt to GDP 86.70 89.00 91.90 64.90 percent [+]
Government Budget -0.90 -1.50 -0.50 -7.30 percent of GDP [+]
Government Spending 541.83 539.79 541.83 385.38 EUR Billion [+]
Government Spending to GDP 47.10 47.60 52.80 45.40 percent [+]
Government Debt 9685501.30 9601612.50 9685501.30 4070595.60 EUR Million [+]
Credit Rating 13.59 [+]


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. This page provides - Euro Area Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Government Budget - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 -1.50 -0.50 -7.30 1995 - 2017 percent of GDP Yearly




government budget by Country
Country Last
Argentina -3.90 Dec/17
Australia -1.90 Dec/17
Brazil -7.80 Dec/17
Canada -0.90 Dec/17
China -3.50 Dec/17
Euro Area -0.90 Dec/17
France -2.60 Dec/17
Germany 1.30 Dec/17
India -3.53 Dec/17
Indonesia -2.50 Dec/17
Italy -2.30 Dec/17
Japan -4.50 Dec/17
Mexico -2.90 Dec/17
Netherlands 1.10 Dec/17
Russia -1.50 Dec/17
Saudi Arabia -8.90 Dec/17
Singapore 0.30 Dec/17
South Africa -4.60 Dec/17
South Korea -2.00 Dec/17
Spain -3.10 Dec/17
Switzerland 1.20 Dec/17
Turkey -1.50 Dec/17
United Kingdom -2.30 Dec/17
United States -3.50 Dec/17


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