European Union Consolidated Fiscal Balance: % of GDP

Key information about EU Consolidated Fiscal Balance: % of GDP

• European Union Consolidated Fiscal Balance recorded a deficit equal to 3.5 % of its Nominal GDP in Dec 2023, compared with a deficit equal to 3.2 % in the previous year
• EU Consolidated Fiscal Balance to GDP data is updated yearly, available from Dec 1995 to Dec 2023, with an average ratio of -2.7 %
• The data reached an all-time high of -0.4 % in Dec 2018 and a record low of -7.2 % in Dec 1995

CEIC calculates Consolidated Fiscal Balance as % of Nominal GDP from annual Consolidated Fiscal Balance and quarterly Nominal GDP. Eurostat provides Consolidated Fiscal Balance in EUR and Nominal GDP in EUR. European Union stands for EU27 excluding UK.


Further information about EU Consolidated Fiscal Balance: % of GDP

• In the latest reports, EU National Government Debt reached 15,317.6 USD bn in Jun 2024
• EU Nominal GDP reached 4,430.4 USD bn in Mar 2023

View European Union's Consolidated Fiscal Balance: % of GDP from 1995 to 2023 in the chart:

What was European Union's Consolidated Fiscal Balance: % of GDP in 2023?

European Union Consolidated Fiscal Balance recorded a deficit equal to 3.5 % of its Nominal GDP in Dec 2023, compared with a deficit equal to 3.2 % in the previous year See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
-3.5 2023	-3.2 2022	-7.2 1995	-0.4 2018	%	yearly	1995 - 2023

Consolidated Fiscal Balance: % of GDP by Country Comparison

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