Euro area government deficit at 7.2% and EU at 6.9% of GDP (Eurostat)
Euro area government deficit at 7.2% and EU at 6.9% of GDP. Government debt at 98.0% and 90.7% respectively (Eurostat figures).
In 2020, the government deficit of both the euro area and the EU increased significantly compared with 2019, as
did the government debt, in the context of the measures undertaken in response to the COVID-19 pandemic.
In the euro area the government deficit to GDP ratio rose from 0.6% in 2019 to 7.2% in 2020, and in the EU from 0.5% to 6.9%.
In the euro area the government debt to GDP ratio increased from 83.9% at the end of 2019 to 98.0% at the
end of 2020, and in the EU from 77.5% to 90.7%.
In this release, Eurostat, the statistical office of the European Union, is providing government deficit and debt
data for the years 2017-2020 based on figures reported by EU Member States in the first notification in 2021, 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.