Germany's government budget surplus widened to a record EUR 59.2 billion in 2018, or 1.7 percent of GDP, from EUR 34.0 billion in 2017, or 1 percent of GDP, a preliminary estimate showed. Central, state and local government and social security funds recorded a surplus for the fifth time in a row. Government Budget in Germany averaged -1.78 percent of GDP from 1995 until 2018, reaching an all time high of 1.70 percent of GDP in 2018 and a record low of -9.40 percent of GDP in 1995.
Government Budget in Germany is expected to be 0.70 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Government Budget is projected to trend around 1.00 percent of GDP in 2020, according to our econometric models.