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- Euro area government deficit fell from 1.0% in 2017 to 0.5% in 2018
Euro area government deficit fell from 1.0% in 2017 to 0.5% in 2018
According to the report from Eurostat, in 2018, the government deficit and debt of both the euro area (EA19) and the EU28 decreased in relative terms compared with 2017. In the euro area the government deficit to GDP ratio fell from 1.0% in 2017 to 0.5% in 2018, and in the EU28 from 1.0% to 0.6%. In the euro area the government debt to GDP ratio declined from 87.1% at the end of 2017 to 85.1% at the end of 2018, and in the EU28 from 81.7% to 80.0%.
In 2018, government expenditure in the euro area was equivalent to 46.8% of GDP and government revenue to 46.3%. The figures for the EU28 were 45.6% and 45.0% respectively. In both zones the government expenditure ratio decreased between 2017 and 2018, while the government revenue ratio increased.
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