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General Government Deficit/surplus: Percentage of Gross Domestic Product (GDP)

This document presents data on the general government deficit/surplus as a percentage of GDP for several European countries from 2003-2014. It shows that deficits generally increased during the late 2000s financial crisis, peaking around 2009 for many countries, before declining in subsequent years as economies recovered. The largest deficits were often seen in countries most heavily impacted by the crisis such as Ireland, Greece, and Spain. Norway consistently ran surpluses throughout this period.

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Teo Giuvelea
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40 views2 pages

General Government Deficit/surplus: Percentage of Gross Domestic Product (GDP)

This document presents data on the general government deficit/surplus as a percentage of GDP for several European countries from 2003-2014. It shows that deficits generally increased during the late 2000s financial crisis, peaking around 2009 for many countries, before declining in subsequent years as economies recovered. The largest deficits were often seen in countries most heavily impacted by the crisis such as Ireland, Greece, and Spain. Norway consistently ran surpluses throughout this period.

Uploaded by

Teo Giuvelea
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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General government deficit/surplus

% of GDP and million EUR

Percentage of gross domestic product (GDP)


geo

time

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

EU (28 countries)

-1.6

-0.9

-2.5

-6.7

-6.4

-4.5

-4.3

-3.3

EU (27 countries)

-1.6

-0.9

-2.5

-6.7

-6.4

-4.5

-4.3

-3.3

-3

Euro area (19 countries)

-1.5

-0.6

-2.2

-6.3

-6.2

-4.2

-3.7

-3

-2.6

Euro area (18 countries)

-1.5

-0.6

-2.2

-6.3

-6.2

-4.1

-3.7

-3

-2.6

Euro area (17 countries)

-1.5

-0.6

-2.1

-6.2

-6.2

-4.1

-3.7

-3

-2.6

Belgium

-1.8

-0.2

-2.6

0.3

0.1

-1.1

-5.4

-4

-4.1

-4.1

-2.9

-3.1

Bulgaria

-0.4

1.8

1.8

1.1

1.6

-4.1

-3.2

-2

-0.6

-0.8

-5.8

Czech Republic

-6.4

-2.7

-3.1

-2.3

-0.7

-2.1

-5.5

-4.4

-2.7

-4

-1.3

-1.9

Denmark

-0.1

2.1

3.2

-2.8

-2.7

-2.1

-3.6

-1.3

1.5

Germany

-4.2

-3.7

-3.4

-1.7

0.2

-0.2

-3.2

-4.2

-1

-0.1

-0.1

0.3

Estonia

1.8

2.4

1.1

2.9

2.7

-2.7

-2.2

0.2

1.2

-0.3

-0.1

0.7

Ireland

0.7

1.4

1.3

2.8

0.3

-7

-13.8

-32.3

-12.5

-8

-5.7

-3.9

Greece

-5.9

-6.7

-10.2

-15.2

-11.2

-10.2

-8.8

-12.4

-3.6

-3

Spain

-0.4

1.2

2.2

-4.4

-11

-9.4

-9.5

-10.4

-6.9

-5.9

France

-3.9

-3.5

-3.2

-2.3

-2.5

-3.2

-7.2

-6.8

-5.1

-4.8

-4.1

-3.9

Croatia

-4.5

-5

-3.7

-3.2

-2.4

-2.7

-5.8

-5.9

-7.8

-5.3

-5.4

-5.6

Italy

-3.4

-3.6

-4.2

-3.6

-1.5

-2.7

-5.3

-4.2

-3.5

-3

-2.9

-3

Cyprus

-5.9

-3.7

-2.2

-1

3.2

0.9

-5.5

-4.8

-5.7

-5.8

-4.9

-8.9

Latvia

-1.6

-1

-0.4

-0.6

-0.7

-4.1

-9.1

-8.5

-3.4

-0.8

-0.9

-1.5

Lithuania

-1.3

-1.4

-0.3

-0.3

-0.8

-3.1

-9.1

-6.9

-8.9

-3.1

-2.6

-0.7

Luxembourg

0.5

-1.1

0.2

1.4

4.2

3.3

-0.5

-0.5

0.5

0.2

0.7

1.4

Hungary

-7.1

-6.4

-7.8

-9.3

-5.1

-3.6

-4.6

-4.5

-5.5

-2.3

-2.5

-2.5

Malta

-9.1

-4.4

-2.7

-2.6

-2.3

-4.2

-3.3

-3.2

-2.6

-3.6

-2.6

-2.1

-3

-1.7

-0.3

0.2

0.2

0.2

-5.4

-5

-4.3

-3.9

-2.4

-2.4

Austria

-1.8

-4.8

-2.5

-2.5

-1.3

-1.4

-5.3

-4.4

-2.6

-2.2

-1.3

-2.7

Poland

-6.1

-5.2

-4

-3.6

-1.9

-3.6

-7.3

-7.5

-4.9

-3.7

-4

-3.3

Portugal

-4.4

-6.2

-6.2

-4.3

-3

-3.8

-9.8

-11.2

-7.4

-5.7

-4.8

-7.2

Romania

-1.5

-1.2

-1.2

-2.2

-2.9

-5.6

-9.1

-6.9

-5.4

-3.2

-2.2

-1.4

Slovenia

-2.6

-2

-1.3

-1.2

-0.1

-1.4

-5.9

-5.6

-6.6

-4.1

-15

-5

Slovakia

-2.7

-2.3

-2.9

-3.6

-1.9

-2.3

-7.9

-7.5

-4.1

-4.2

-2.6

-2.8

Finland

2.4

2.2

2.6

3.9

5.1

4.2

-2.5

-2.6

-1

-2.1

-2.5

-3.3

Sweden

-1.3

0.3

1.8

2.2

3.3

-0.7

-0.1

-0.9

-1.4

-1.7

United Kingdom

Netherlands

-3.4

-3.6

-3.5

-2.9

-3

-5.1

-10.8

-9.7

-7.7

-8.3

-5.7

-5.7

Iceland

Liechtenstein

Norway

13.4

13.8

10.8

9.1

Switzerland

Montenegro

Former Yugoslav Republic of Macedonia, the

Albania

Serbia

Turkey

:=not available

Notes
Source of Data: Eurostat
Last update: 09.11.2015
Date of extraction: 10 Nov 2015 06:36:57 CET
Hyperlink to the table: http://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&plugin=1&language=en&pcode=tec00127
General Disclaimer of the EC website: http://ec.europa.eu/geninfo/legal_notices_en.htm
Short Description: Public deficit/surplus is defined in the Maastricht Treaty as general government net borrowing/lending according to the European System of Accounts. The general government sector comprises central government, state government, local government, and social security funds. The
relevant definitions are provided in Council Regulation 479/2009, as amended.

Code: tec00127

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