Budget balance — all countries

Budget balance — Euro area

Budget balance in the Euro area in 2031 — -2.97%. Since 1995, the indicator has risen by 4.35 pp.

2031 -2.97% +0.07 pp vs 2030
World rank
Period maximum -0.44%2018
Period minimum -7.32%1995

Trend over time

1995–2031 · % of GDP

Budget balance — Euro area, 1995–2031-8-6-4-2019951999200320072011201520192023202720311995: -7.32%1996: -4.38%1997: -3.08%1998: -2.46%1999: -1.58%2000: -1.33%2001: -2.01%2002: -2.77%2003: -3.14%2004: -2.89%2005: -2.65%2006: -1.6%2007: -0.72%2008: -2.26%2009: -6.25%2010: -6.32%2011: -4.21%2012: -3.81%2013: -3.04%2014: -2.56%2015: -1.98%2016: -1.49%2017: -1.01%2018: -0.44%2019: -0.55%2020: -6.99%2021: -5.12%2022: -3.36%2023: -3.5%2024: -3.07%2025: -3.01%2026: -3.32%2027: -3.36%2028: -3.21%2029: -3.11%2030: -3.04%2031: -2.97%
Change over the period: +4.35 pp Annual average: 0.12 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Euro area

Euro area -2.97%
World computed -4.85%
Budget balance — Euro area, by year Euro area All countries CSV XLSX
Year % Change, pp
2031 -2.97 +0.07 pp
2030 -3.04 +0.07 pp
2029 -3.11 +0.09 pp
2028 -3.21 +0.15 pp
2027 -3.36 −0.04 pp
2026 -3.32 −0.31 pp
2025 -3.01 +0.06 pp
2024 -3.07 +0.42 pp
2023 -3.5 −0.13 pp
2022 -3.36 +1.75 pp
2021 -5.12 +1.87 pp
2020 -6.99 −6.44 pp
2019 -0.55 −0.11 pp
2018 -0.44 +0.57 pp
2017 -1.01 +0.48 pp
2016 -1.49 +0.49 pp
2015 -1.98 +0.58 pp
2014 -2.56 +0.48 pp
2013 -3.04 +0.76 pp
2012 -3.81 +0.41 pp
2011 -4.21 +2.11 pp
2010 -6.32 −0.07 pp
2009 -6.25 −3.99 pp
2008 -2.26 −1.54 pp
2007 -0.72 +0.88 pp
2006 -1.6 +1.05 pp
2005 -2.65 +0.24 pp
2004 -2.89 +0.25 pp
2003 -3.14 −0.37 pp
2002 -2.77 −0.76 pp
2001 -2.01 −0.68 pp
2000 -1.33 +0.25 pp
1999 -1.58 +0.89 pp
1998 -2.46 +0.61 pp
1997 -3.08 +1.3 pp
1996 -4.38 +2.95 pp
1995 -7.32

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.