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Euro area and EU government deficit at 1.5% and 1.7% of GDP respectively; Government debt at 89.2% and 83.5%

In 2016, the government deficit and debt of both the euro area (EA19) and the EU decreased in relative terms compared with 2015. In the euro area the government deficit-to-GDP ratio fell from 2.1% in 2015 to 1.5% in 2016, and in the EU from 2.4% to 1.7%.

date:  27/04/2017

See alsoEuro area and EU28 government deficit at...

In 2016, the government deficit and debt of both the euro area (EA19) and the EU decreased in relative terms compared with 2015. In the euro area the government deficit-to-GDP ratio fell from 2.1% in 2015 to 1.5% in 2016, and in the EU from 2.4% to 1.7%. In the euro area the government debt-to-GDP ratio declined from 90.3% at the end of 2015 to 89.2% at the end of 2016, and in the EU from 84.9% to 83.5%. The figures, which were released on 24 April by Eurostat, will be used for the application of the excessive deficit procedure (EDP).  In 2016, Luxembourg (+1.6%), Malta (+1.0%), Sweden (+0.9%), Germany (+0.8%), Greece (+0.7%), the Czech Republic (+0.6%), Cyprus and the Netherlands (both +0.4%), Estonia and Lithuania (both +0.3%) registered a government surplus, while Bulgaria and Latvia reported a government balance. The lowest government deficits as a percentage of GDP were recorded in Ireland (-0.6%), Croatia (-0.8%) and Denmark (-0.9%). Four Member States had deficits equal to or higher than 3% of GDP: Spain (-4.5%), France (-3.4%), Romania and the United Kingdom (both -3.0%). At the end of 2016, the lowest ratios of government debt to GDP were recorded in Estonia (9.5%), Luxembourg (20.0%), Bulgaria (29.5%), the Czech Republic (37.2%), Romania (37.6%) and Denmark (37.8%). Sixteen Member States had government debt ratios higher than 60% of GDP, with the highest registered in Greece (179.0%), Italy (132.6%), Portugal (130.4%), Cyprus (107.8%) and Belgium (105.9%).