Seasonally adjusted government deficit down to 0.3% of GDP in the euro area

The FINANCIAL — In the third quarter of 2017, the seasonally adjusted general government deficit to GDP ratio stood at 0.3% in the euro area (EA19), a strong decrease compared with 1.0% in the second quarter of 2017.

In the EU28, the deficit to GDP ratio stood at 0.6%, a decrease compared with 1.2% in the previous quarter.

These data are released by Eurostat, the statistical office of the European Union.

Government revenue and expenditure for the euro area and EU28

In the third quarter of 2017, total government revenue in the euro area amounted to 46.2% of GDP, an increase compared with 46.1% in the second quarter of 2017. Total government expenditure in the euro area stood at 46.5% of GDP, a decrease compared to the previous quarter (47.1%).

In the EU28, total government revenue was 44.8% of GDP in the third quarter of 2017, compared with 44.7% in the second quarter of 2017. Total government expenditure in the EU28 was 45.4% of GDP, a decrease compared to the previous quarter (45.9%).