By European Parliamentary Research Service / February 9, 2023

Figure 39 – EU average deficit (right) and public debt (left) between 2000 and 2024, % of GDP

EU average deficit (right) and public debt (left) between 2000 and 2024, % of GDP

Statistics show that public deficits in the EU had already been high in the past, particularly in the aftermath of the financial and sovereign debt crisis. As shown in Figure 39, the EU average deficit levels started to reduce as from 2011, while the debt indicator witnessed mild improvements only as from 2015, before worsening again in 2020 because of the pandemic. The data for the 2022-2024 period are a forecast.

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Figure 39 – EU average deficit (right) and public debt (left) between 2000 and 2024, % of GDP

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