Euro Area recorded a Government Budget deficit equal to 3.60 percent of the country's Gross Domestic Product in 2023. Government Budget in Euro Area averaged -3.07 percent of GDP from 1995 until 2023, 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 -3.10 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Government Budget is projected to trend around -2.80 percent of GDP in 2025 and -2.70 percent of GDP in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2023-04-21 09:00 AM
Government Budget to GDP
2022 -3.6% -5.3% -3.5%
2024-04-22 09:00 AM
Government Budget to GDP
2023 -3.6% -3.7% -3.2%


Related Last Previous Unit Reference
Government Budget to GDP -3.60 -3.50 percent of GDP Dec 2023
Government Debt 12732445.00 12268150.00 EUR Million Dec 2023
Government Debt to GDP 87.40 89.50 percent of GDP Dec 2023
Government Spending 652331.20 646725.60 EUR Billion Jun 2024
Government Spending to GDP 49.50 50.00 percent of GDP Dec 2023

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
-3.60 -3.50 -0.40 -7.30 1995 - 2023 percent of GDP Yearly