European Union recorded a Government Budget deficit equal to 3.10 percent of the country's Gross Domestic Product in 2024. Government Budget in European Union averaged -2.93 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 -7.20 percent of GDP in 1995. source: EUROSTAT
Government Budget in European Union is expected to reach -3.30 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union Government Budget is projected to trend around -3.40 percent of GDP in 2026 and -3.30 percent of GDP in 2027, according to our econometric models.