European Union recorded a Government Budget deficit equal to 3.50 percent of the country's Gross Domestic Product in 2023. Government Budget in European Union averaged -2.93 percent of GDP from 1995 until 2023, reaching an all time high of -0.40 percent of GDP in 2018 and a record low of -7.20 percent of GDP in 1995. source: EUROSTAT

Government Budget in European Union is expected to reach -2.80 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations.




Related Last Previous Unit Reference
Asylum Applications 86920.00 76805.00 persons Oct 2024
Government Budget -3.50 -3.20 percent of GDP Dec 2023
Government Debt 12732445.20 12268150.00 EUR Million Dec 2023
Government Debt to GDP 80.80 82.50 percent of GDP Dec 2023
Government Spending 762849.10 758519.20 EUR Billion Sep 2024
Government Spending to GDP 49.00 49.20 percent of GDP Dec 2023

European Union Government Budget
Actual Previous Highest Lowest Dates Unit Frequency
-3.50 -3.20 -0.40 -7.20 1995 - 2023 percent of GDP Yearly