Germany recorded a Government Budget deficit equal to 2.50 percent of the country's Gross Domestic Product in 2023. Government Budget in Germany averaged -1.88 percent of GDP from 1995 until 2023, reaching an all time high of 1.90 percent of GDP in 2018 and a record low of -9.40 percent of GDP in 1995. source: Federal Statistical Office
Government Budget in Germany is expected to reach -2.80 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Government Budget is projected to trend around -2.40 percent of GDP in 2025 and -2.00 percent of GDP in 2026, according to our econometric models.