Euro area and EU28 government deficit at 2.4% and 2.9% of GDP respectively

In 2014, the government deficit of both the euro area (EA19) and the EU28 decreased in absolute terms compared with 2013, while the government debt rose in both zones. In the euro area the government deficit to GDP ratio decreased from 2.9% in 2013 to 2.4% in 2014, and in the EU28 from 3.2% to 2.9%. In the euro area the government debt to GDP ratio increased from 90.9% at the end of 2013 to 91.9% at the end of 2014, and in the EU28 from 85.5% to 86.8%.

Eurostat, Provision of deficit and debt data for 2014 – First Notification.