Chapter News

Euro area and EU28 government deficit at 2.6% and 3.0% of GDP respectively

In 2014, the government deficit of both the euro area (EA19) and the EU28 decreased in absolute terms compared with 2013, while the government debt rose in both zones.

In the euro area the government deficit to GDP ratio decreased from 3.0% in 2013 to 2.6% in 2014, and in the EU28 from 3.3% to 3.0%. In the euro area the government debt to GDP ratio increased from 91.1% at the end of 2013 to 92.1% at the end of 2014, and in the EU28 from 85.5% to 86.8%.

In this News Release, Eurostat, the statistical office of the European Union, is providing government deficit and debt data based on figures reported in the second 2015 notification by EU Member States for the years 2011-2014, for the application of the excessive deficit procedure (EDP). This notification is based on the ESA 2010 system of national accounts. This News Release also includes data on government expenditure and revenue.

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Courtesy of Eurostat