Euro area government deficit at 3.6% and EU at 3.3% of GDP

In 2022, the government deficit of both the euro area (EA19) and the EU decreased compared with 2021, as did the government debt. In the euro area the government deficit to GDP ratio shrunk from 5.2% in 2021 to 3.6% in 2022, and in the EU from 4.7% to 3.3%. In the euro area the government debt to GDP ratio decreased from 94.8% at the end of 2021 to 91.0% at the end of 2022, and in the EU from 87.4% to 83.5%.