European Union recorded a Government Budget deficit equal to 0.80 percent of the country's Gross Domestic Product in 2019.

Government Budget in European Union averaged -2.80 percent of GDP from 1995 until 2019, reaching an all time high of -0.70 percent of GDP in 2000 and a record low of -6.90 percent of GDP in 1995. This page provides - European Union Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. European Union Government Budget - values, historical data and charts - was last updated on July of 2020.

Government Budget in European Union is expected to reach -8.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union Government Budget is projected to trend around -4.30 percent of GDP in 2021 and -1.40 percent of GDP in 2022, according to our econometric models.

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European Union Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-0.80 -0.70 -0.70 -6.90 1995 - 2019 percent of GDP Yearly

European Union Government Last Previous Highest Lowest Unit
Government Debt To GDP 79.30 80.40 87.00 58.10 percent [+]
Government Budget -0.80 -0.70 -0.70 -6.90 percent of GDP [+]
Government Spending 766147.70 760031.40 766147.70 512028.00 EUR Million [+]
Government Spending To GDP 45.80 45.80 51.10 44.80 percent [+]
Government Debt 13053825.90 12791055.80 13053825.90 5860726.10 EUR Million [+]
Credit Rating 98.00 [+]
Asylum Applications 65810.00 55890.00 167190.00 10785.00 persons [+]