Euro Area recorded a Government Budget deficit equal to 7.20 percent of the country's Gross Domestic Product in 2020. source: EUROSTAT
Government Budget in the Euro Area averaged -2.93 percent of GDP from 1995 until 2020, reaching an all time high of -0.50 percent of GDP in 2018 and a record low of -7.30 percent of GDP in 1995. This page provides - Euro Area Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Government Budget - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Government Budget in Euro Area is expected to reach -8.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Government Budget is projected to trend around -4.00 percent of GDP in 2022 and -1.70 percent of GDP in 2023, according to our econometric models.