A look at deficits across the eurozone

Government deficits for the 17-country eurozone edged down as a whole in 2012 from 2011. Deficits rose, however, in the countries imposing the toughest austerity measures.

Here’s a look at public deficit levels in the currency bloc:

European government deficit (-) or surplus (+) calculated as percentage of annual GDP

Country 2009 2010 2011 2012 2012Debt to GDP (
Austria -4.1 -4.5 -2.5 -2.5 73.4
Belgium -5.6 -3.8 -3.7 -3.9 99.6
Cyprus -6.1 -5.3 -6.3 -6.3 85.8
Estonia -2.0 0.2 1.2 -0.3 10.1
Finland -2.5 -2.5 -0.8 -1.9 53.0
France -7.5 -7.1 -5.3 -4.8 90.2
Germany -3.1 -4.1 -0.8 0.2 81.9
Greece -15.6 -10.7 -9.5 -10.0 156.9
Ireland -13.9 -30.8 -13.4 -7.6 117.6
Italy -5.5 -4.5 -3.8 -3.0 127.0
Luxembourg -0.8 -0.9 -0.2 -0.8 20.8
Malta -3.7 -3.6 -2.8 -3.3 72.1
Netherlands -5.6 -5.1 -4.5 -4.1 71.2
Portugal -10.2 -9.8 -4.4 -6.4 123.6
Slovenia -6.2 -5.9 -6.4 -4.0 54.1
Slovakia -8.0 -7.7 -5.1 -4.3 52.1
Spain -11.2 -9.7 -9.4 -10.6 84.2
17-country eurozone -6.4 -6.2 -4.2 -3.7 90.6
27-country EU -6.9 -6.5 -4.4 -4.0 85.3
Source: Eurostat
blog comments powered by Disqus