LUXEMBOURG
,
April 22, 2024
(press release)
–
Government debt at 88.6% and 81.7% respectively Overview In this release, Eurostat, the statistical office of the European Union, is providing government deficit and debt data for the years 2020-2023, based on figures reported by EU Member States in the first notification in 2024, for the application of the excessive deficit procedure (EDP). This notification is based on the ESA 2010 system of national accounts. This release also includes data on government expenditure and revenue. Deficit and debt data for Euro area and EU 2020 2021 2022 2023 Euro area GDP market prices (mp) (million euro) 11 517 404 12 474 998 13 507 777 14 376 500 Government deficit (-) / surplus (+) (million euro) -807 968 -653 227 -494 407 -516 257 % of GDP -7.0 -5.2 -3.7 -3.6 Government expenditure % of GDP 53.5 52.3 50.6 50.0 Government revenue % of GDP 46.5 47.1 47.0 46.4 Government debt (million euro) 11 195 998 11 821 032 12 268 150 12 732 445 % of GDP 97.2 94.8 90.8 88.6 EU GDP market prices (mp) (million euro) 13 471 284 14 639 978 15 921 122 16 970 312 Government deficit (-) / surplus (+) (million euro) -902 648 -693 145 -537 365 -593 986 % of GDP -6.7 -4.7 -3.4 -3.5 Government expenditure % of GDP 52.9 51.4 49.7 49.4 Government revenue % of GDP 46.2 46.7 46.3 45.9 Government debt (million euro) 12 127 760 12 799 268 13 282 868 13 862 584 % of GDP 90.0 87.4 83.4 81.7 Industry Intelligence Editor's Note: This press release omits select charts and/or marketing language for editorial clarity. Click here to view the full report.
In the euro area the government deficit to GDP ratio declined from 3.7% in 2022 to 3.6% in 2023, and in the EU it increased from 3.4% to 3.5%. In the euro area the government debt to GDP ratio decreased from 90.8% at the end of 2022 to 88.6% at the end of 2023, and in the EU from 83.4% to 81.7%.
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