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Euro area government deficit-to-GDP ratio in Q4 increased to 4.1% from 3.6% in Q3; government revenue to GDP decreased from 46.7% to 46.6%: Eurostat

LUXEMBOURG , April 22, 2024 (press release) –

Euro area and EU deficits increase compared to the third quarter of 2023

Overview
In the fourth quarter of 2023, the seasonally adjusted general government deficit to GDP ratio stood at 4.1% in the euro area (EA20) and 4.0% in the EU. In the fourth quarter of 2023, the euro area and EU deficit to GDP ratios increased compared to 3.6% and 3.5% in the third quarter of 2023.

These data are released by Eurostat, the statistical office of the European Union.

Seasonally adjusted* government revenue, expenditure and surplus / deficit
in the euro area and EU (% of GDP)

(% of GDP)

2021Q4

2022Q1

2022Q2

2022Q3

2022Q4

2023Q1

2023Q2

2023Q3

2023Q4

Euro area

 

 

 

 

 

 

 

 

 

surplus (+) / deficit (-)

-3.6

-2.7

-2.6

-4.0

-5.3

-3.2

-3.5

-3.6

-4.1

total revenue

47.9

47.2

47.1

47.0

46.7

46.3

46.2

46.7

46.6

total expenditure

51.5

49.9

49.7

51.0

52.0

49.5

49.7

50.2

50.7

EU

 

 

 

 

 

 

 

 

 

surplus (+) / deficit (-)

-3.4

-2.4

-2.3

-3.8

-5.0

-3.0

-3.4

-3.5

-4.0

total revenue

47.2

46.7

46.6

46.3

46.1

45.6

45.7

46.2

46.2

total expenditure

50.6

49.1

48.8

50.0

51.1

48.6

49.2

49.7

50.2

* Calendar day and seasonally adjusted

Data are a combination of national and Eurostat estimates.

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.

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